Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1100 15 St Miami Beach, FL 33139

    Sponsored
    For Sale
    $6,400,000

    Prime Miami Beach retail, 6 tenants, high NOI.

    Property size:
    6,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a stabilized, multi-tenant retail center located at 1100 15th Street in Miami Beach, Florida. The property encompasses 6,650 square feet on an 8,250 square foot lot, featuring six individual units currently boasting 100% occupancy. Built in 1945 and renovated in 2013, this single-story building is zoned CD-1 and benefits from a strong tenant mix including three food and beverage establishments, catering to both local residents and tourists. The property's strategic location, just two blocks from the renowned Lincoln Road Mall, ensures high visibility and foot traffic. The current Net Operating Income (NOI) stands at $369,956, yielding a 5.78% cap rate, with an asking price of $6,400,000 ($962.41 per square foot). Each tenant operates under a triple-net (NNN) lease, providing a landlord-friendly structure with built-in annual rent increases of 3-5%. The leases are structured to allow for near-term value creation, with only one tenant possessing a renewal option. This property offers a compelling combination of strong cash flow, prime location, and significant upside potential for future growth. The property features 205 linear feet of frontage and 45-foot bay depths, maximizing rental potential. The property's APN is 02-3234-018-0680.

    Property Features for 1100 15 St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,650 SF

    Building Details

    Year Built/Renovated
    1945/2013
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • Rare Miami Beach small‑bay retail center.
    • Three of six bays are F&B/restaurant spaces with high demand.
    • Tenant mix caters to both locals and tourists.
    • Built‑in 3‑5% annual rent increases.
    • 205 linear feet of frontage with 45‑foot bay depths, maximizing rental potential.
    • Short‑term leases allow for near‑term value creation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Pizza Restaurant

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.139992922923
    Latitude
    25.787396798438

    Nearby Similar for Sale

    • $550,000
      720 SF

      Carillon Miami Wellness Resort Suite

      One-bedroom hotel suite with two balconies in Miami Beach.
      6801 Collins Ave, Miami Beach, FL 33141
      View Details
    • $110,000

      Grocery Store Business Opportunity

      Remodeled grocery store in high-traffic Miami Beach location.
      North Bay Village, Miami Beach, FL 33141
      View Details
    • $50,000,000

      Historic South Beach Hotel

      Historic 54-room hotel with restaurant near Ocean Drive.
      600 Ocean Dr, Miami Beach, FL 33139
      View Details
    • $1,595,000
      3,707 SF

      Miami Beach Fourplex Investment Opportunity

      Fourplex in prime Miami Beach location, close to the beach.
      7320 Carlyle Ave, Miami Beach, FL 33141
      View Details
    • $16,900,000

      Renovated Hotel in South Beach

      Fully renovated 25-suite hotel with cafe in Miami Beach.
      205 Collins Ave, Miami Beach, FL 33139
      View Details
    • $5,500,000

      Renovated Multifamily Building Near Flamingo Park

      Luxury 12-unit building in South Beach, near beach and dining.
      960 Jefferson Ave, Miami Beach, FL 33139
      View Details
    • $7,770,000

      Miami Beach Luxury Apartments

      20-unit renovated apartment building, one block from the beach.
      8035 Abbott Ave, Miami Beach, FL 33141
      View Details
    • $2,500,000
      Pending

      Licensed Hotel/STR Multi-Family Building

      Rare, fully licensed hotel/short term rental in South Beach.
      1534 Euclid Ave, Miami Beach, FL 33139
      View Details
    • $2,500,000
      Pending

      Licensed Hotel/STR Multifamily Building

      Rare, licensed South Beach hotel/short-term rental multifamily property for sale.
      1534 Euclid Ave, Miami Beach, FL 33139
      View Details
    • New
      $5,900,000

      Renovated Office Condo on Lincoln

      Boutique office building in the heart of South Florida.
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $2,650,000
      5,764 SF

      Miami Beach Fourplex Investment Opportunity

      Rare opportunity: Two contiguous lots with turnkey 4-plexes near the bay.
      1910 Biarritz Dr, Miami Beach, FL 33141
      View Details
    • $2,750,000

      Penthouse Office Condo with Views

      Top-floor Miami Beach office with water and golf course views.
      1680 Michigan Ave, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Miami Beach retail, 6 tenants, high NOI.
    Where is this lifestyle center located?
    The property is located at 1100 15 St Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: Rare Miami Beach small-bay retail center.; Three of six bays are F&B/restaurant spaces with high demand.; Tenant mix caters to both locals and tourists.
    Request Owner's contact information
    1100 15 St Miami Beach, FL 33139
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1100 15 St
    Miami Beach, FL 33139
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1100 15 St Miami Beach, FL 33139
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.