Ground Floor Corner Retail
For Sale
$2,295,000
8390 SW 72nd Ave 143, Miami, FL 33143
Ground floor retail unit in the SE corner of the Colonnade building, currently owner-occupied by RugStar.
Property Size2,659 SF
Days on Market100
Property Features for 8390 SW 72nd Ave 143
General Information
Standard status
Active
Size
2,659 SF
Total Parking Spaces
9
Zoning
6112
Taxes and HOA fees
Annual Taxes
$11,582
Amenities
Central Air
Central
Building Details
Building Size
2,659 SF
Year Built
2007
Buildings
1
Listing Agency:
BHHS EWM Realty
Listed By:
Linda Guaida · License #3450525
(305) 793-1572
Source:
Evrealestate
Added: Jul 17
Changed: Oct 11
Last Checked: Oct 23 at 7:14AM
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 BHHS EWM Realty
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Investment Insights
Based on property information with market context.
The property is a ground floor retail unit located in the SE corner of the Colonnade building. It is currently owner-occupied by RugStar.
The unit is situated at 8390 SW 72nd Ave 143 in Miami-Dade County, Florida.
As a storefront-style retail space within the Colonnade building, the location provides convenient ground-level access for ongoing showroom and retail use.
The unit is situated at 8390 SW 72nd Ave 143 in Miami-Dade County, Florida.
As a storefront-style retail space within the Colonnade building, the location provides convenient ground-level access for ongoing showroom and retail use.
Key Highlights
- Ground floor retail unit in the SE corner of the Colonnade building
- Currently owner‑occupied by RugStar
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,752
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,040
$1.7M
Cap Rate 7%
$1,239,314
$1.2M
Cap Rate 9%
$963,911
$963.9K
Market Conditions
NOI Build-Up for 2,659 SF
Gross rent
$138.2K $51.96/SF
− Vacancy
−$14.2K −$5.35/SF
EGI
$123.9K $46.61/SF
− OpEx
−$37.2K −$13.98/SF
NOI
$86.8K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,040
Cap Rate 7%
$1,239,314
Cap Rate 9%
$963,911
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,752 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,639 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33143, FL
34,853
Population
15,374
Households
2.3
Avg Household Size
41
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
4,468
Density / Sq Mi
$80,924
Median Household Income
$52,864
Median Earnings
$1,823
Median Rent
$768,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Rustic Garden — 7700 camino real # d-106, miami, fl 33143
Frequently Asked Questions
What type of property is this?
Storefront property - Ground floor retail unit in the SE corner of the Colonnade building, currently owner-occupied by RugStar.
Where is this storefront property located?
The property is located at 8390 SW 72nd Ave 143 Miami, FL.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Ground floor retail unit in the SE corner of the Colonnade building; Currently owner‑occupied by RugStar; Built in 2007
