Two-Story Mixed-Use
819 5th St, Miami Beach, FL 33139
For Sale
$3,850,000
A ground-floor retail bay and upper-level space offer distinct commercial configurations.
Property Size7,064 SF
Price / SF$545.02
Days on Market270
Property Features for 819 5th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Mixed-Use Components
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass Florida, LLC
Listed By:
Leslie Cooper · License #0526242
(786) 486-8003
Source:
Maggirealty
Added: Feb 13
Changed: Nov 7
Last Checked: Nov 8 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 819 5th St, this two-story mixed-use building dates to 1921. The ground floor contains a retail bay, while the second floor offers adaptable space described for office or studio use, among other concepts.
The property is on Fifth Street in Miami Beach, at the South of Fifth neighborhood gateway. Its configuration combines street-level retail with a separate upper floor.
The property is on Fifth Street in Miami Beach, at the South of Fifth neighborhood gateway. Its configuration combines street-level retail with a separate upper floor.
Key Highlights
- Ground‑floor retail bay with a separate second‑floor space
- Built in 1921
- Located at 819 5th St in Miami Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,854
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,437,080
$2.4M
Cap Rate 7%
$1,740,771
$1.7M
Cap Rate 9%
$1,353,933
$1.4M
Market Conditions
NOI Build-Up for 7,064 SF
Gross rent
$211.9K $30.00/SF
− Vacancy
−$17.0K −$2.40/SF
EGI
$195.0K $27.60/SF
− OpEx
−$73.1K −$10.35/SF
NOI
$121.9K $17.25/SF
Area
Miami-Dade County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,437,080
Cap Rate 7%
$1,740,771
Cap Rate 9%
$1,353,933
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,854 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,447 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,871 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Miami-Dade County, FL
Properties on Market for Mixed-use properties in Miami-Dade County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor retail bay and upper-level space offer distinct commercial configurations.
Where is this mixed-use property located?
The property is located at 819 5th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Ground‑floor retail bay with a separate second‑floor space; Built in 1921; Located at 819 5th St in Miami Beach
