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 Market51
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: Aug 24
Last Checked: Sep 5 at 4:37AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,752
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property 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
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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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
