Retail Condo in Downtown
For Sale
Contact for pricing
9059 Southwest 73rd Court, Miami, FL 33156
1,600 SF retail condo in a mixed-use tower.
Property Size1,600 SF
Price / SF$843.75
Days on Market85
Property Features for 9059 Southwest 73rd Court
General Information
Standard status
Active
Size
1,600 SF
Class
A
Property subtype
Retail, Office
Zoning
MF
Investment Type
Owner/User
Building Details
Year Built
2006
Year Renovated
2025
Units
1
Listing Agency:
APEX Capital Realty
(305) 323-9787
Listed By:
Carl Gorman · License #3551551
Source:
Crexi
Added: May 20
Changed: Aug 8
Last Checked: Aug 12 at 9:37AM
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 APEX Capital Realty
Investment Insights
Based on property information with market context.
Located within Metropolis at Dadeland, a 397-unit luxury mixed-use tower, this 1,600 SF groundfloor retail condominium is situated in the heart of Downtown Dadeland. Currently operating as a fully built-out commercial bakery, the space includes a Type 1 hood and fire suppression system, bakery ovens, proofers, prep stations, refrigeration, display cases, POS system, and customer seating. The sale includes the operating business, featuring the established brand, recipes, equipment, trained staff, vendor relationships, customer database, and goodwill. Health Department permits are active and transferable. Ownership will provide a structured training and transition period. The property offers flexibility for a variety of commercial users. With its highly visible ground-floor location, modern storefront presence, ample surrounding density, and walkability to Dadeland Mall, Metrorail, and major office towers, the space is also suited for a medical office, wellness concept, beauty use, boutique professional office, or other service-oriented business seeking a strong demographic profile and built-in customer base from the surrounding residential community.
Key Highlights
- Fully equipped and operational commercial bakery with active, transferable Health Department permits.
- Includes the operating business with established brand, recipes, equipment, trained staff, vendor relationships, customer database, and goodwill.
- Located in Metropolis at Dadeland, a 397‑unit luxury mixed‑use tower in the heart of Downtown Dadeland.
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
$75,601
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
5.60%
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%
$1,512,020
$1.5M
Cap Rate 7%
$1,080,014
$1.1M
Cap Rate 9%
$840,011
$840.0K
Market Conditions
NOI Build-Up for 1,600 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
$102.3K $63.96/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$100.8K $63.00/SF
− OpEx
−$25.2K −$15.75/SF
NOI
$75.6K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,512,020
Cap Rate 7%
$1,080,014
Cap Rate 9%
$840,011
Alternative Uses
Best Use
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,601 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$745.7K
$652.5K – $870.0K
NOI $52,201 @ 7.0% cap · market cap 3.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,950
Businesses Nearby
Explore this area
Business Placement
Demographics for 33156, FL
34,036
Population
13,215
Households
2.6
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
13.9 sq mi
ZIP Area
2,449
Density / Sq Mi
$134,720
Median Household Income
$66,117
Median Earnings
$1,936
Median Rent
$1,063,100
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?
Retail space - 1,600 SF retail condo in a mixed-use tower.
Where is this retail space located?
The property is located at 9059 Southwest 73rd Court Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully equipped and operational commercial bakery with active, transferable Health Department permits.; Includes the operating business with established brand, recipes, equipment, trained staff, vendor relationships, customer database, and goodwill.; Located in Metropolis at Dadeland, a 397‑unit luxury mixed‑use tower in the heart of Downtown Dadeland.
