Open-Layout Retail
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For Sale
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840 W Flagler St, Miami, FL 33130
An adaptable floor plan and private restroom support retail or service use, subject to zoning and approvals.
Property Size3,300 SF
Price / SF$0.76
Days on Market5
Property Features for 840 W Flagler St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Site & Location
Neighborhood
East Little Havana
Amenities
private bathroom
Building Details
Building Size
3,300 SF
Year Built
1952
Listing Agency:
FGI Realty
Listed By:
Diana Casallas · License #3612089
(786) 252-3417
Source:
Casacollectiongroup
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 25 at 1:38AM
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 FGI Realty
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Investment Insights
Based on property information with market context.
This 1,082-square-foot retail space at 840 W Flagler St in Miami has an open interior and a private bathroom. Retail and service uses may be considered, subject to zoning and approvals. The building dates to 1952.
Parking access is available from both W Flagler Street and SW 1st Street. The property is near the intersection of those streets.
Parking access is available from both W Flagler Street and SW 1st Street. The property is near the intersection of those streets.
Key Highlights
- 1,082 SF of retail space
- Open floor plan with a private bathroom
- Parking access from W Flagler Street and SW 1st Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,153,300
$2.2M
Cap Rate 7%
$1,538,071
$1.5M
Cap Rate 9%
$1,196,278
$1.2M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$171.5K $51.96/SF
− Vacancy
−$17.7K −$5.35/SF
EGI
$153.8K $46.61/SF
− OpEx
−$46.1K −$13.98/SF
NOI
$107.7K $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%
$2,153,300
Cap Rate 7%
$1,538,071
Cap Rate 9%
$1,196,278
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.79M
NOI $107,665 @ 7.0% cap · market cap 4,306.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $155,926 @ 7.0% cap · market cap 6,237.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,017
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - An adaptable floor plan and private restroom support retail or service use, subject to zoning and approvals.
Where is this retail space located?
The property is located at 840 W Flagler St Miami, FL.
What are key features of this property?
This property features: 1,082 SF of retail space; Open floor plan with a private bathroom; Parking access from W Flagler Street and SW 1st Street
