Retail
924 71st Street, Miami Beach, FL 33141
For Sale
Contact for pricing
The building dates to 1939 and is located in Miami Beach.
Property Size1,730 SF
Price / SF$4.77
Days on Market240
Property Features for 924 71st Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LoKation
Listed By:
Aziz A Charania · License #3132256
(786) 508-2450
Source:
Emporiore
Added: Mar 15
Changed: Nov 8
Last Checked: Nov 8 at 8:59PM
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 LoKation
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Investment Insights
Based on property information with market context.
The retail property contains 1,730 square feet and was built in 1939. It is located at 924 71st Street in Miami Beach, Florida.
Key Highlights
- 1,730‑square‑foot retail property
- Built in 1939
- Located at 924 71st Street in Miami Beach, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,253
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,060
$585.1K
Cap Rate 7%
$417,900
$417.9K
Cap Rate 9%
$325,033
$325.0K
Market Conditions
NOI Build-Up for 1,730 SF
Gross rent
$45.7K $26.40/SF
− Vacancy
−$3.9K −$2.24/SF
EGI
$41.8K $24.16/SF
− OpEx
−$12.5K −$7.25/SF
NOI
$29.3K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,060
Cap Rate 7%
$417,900
Cap Rate 9%
$325,033
Alternative Uses
Best Use
Specialty Retail
$475.8K
$416.3K – $555.1K
NOI $33,304 @ 7.0% cap · market cap 403.68%
Second Best
Retail
$417.9K
$365.7K – $487.6K
NOI $29,253 @ 7.0% cap · market cap 354.58%
Theoretical Best
Office A
$877.7K
$768.0K – $1.02M
NOI $61,439 @ 7.0% cap · market cap 744.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami Beach, FL
Properties on Market for Retail space in Miami Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The building dates to 1939 and is located in Miami Beach.
Where is this retail space located?
The property is located at 924 71st Street Miami Beach, FL.
What are key features of this property?
This property features: 1,730‑square‑foot retail property; Built in 1939; Located at 924 71st Street in Miami Beach, Florida
