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    1 Royal Poinciana Blvd Miami Springs, FL 33166

    For Sale
    Contact for pricing

    15-Tenant Retail Center, Fully Leased

    Property size:
    26,947 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 26,947-square-foot retail center in vibrant Downtown Miami Springs, Florida, presents a compelling investment opportunity. Completely renovated in 2023, this property boasts two single-story buildings, offering a diverse mix of 15 tenants across food and beverage, health and beauty, medical, service, and specialty sectors. The center features ample grade-level parking for convenient customer access. Currently 100% occupied, the property benefits from a robust merchandising plan with a well-balanced tenant mix of both established local businesses and new national credit tenants. All leases are triple net (NNN) with an average remaining term exceeding 10 years, incorporating annual rent increases of 3%. Many leases also include attractive renewal options. This fully stabilized investment is further enhanced by the availability of seller financing: a $9 million loan at 5% interest, amortized over three to five years. Located at 1 S Royal Poinciana Blvd, Miami Springs, FL 33166, this property is ideally situated within Miami-Dade County. Built in 1945, this meticulously renovated center offers a blend of historical charm and modern functionality, making it an exceptional addition to any investment portfolio.

    Property Features for 1 Royal Poinciana Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    26,947 SF

    Building Details

    Year Built/Renovated
    1945/2023
    Buildings
    2
    Stories
    1
    Units
    15

    HighLights

    • 2023 Gut Renovation.
    • Seller financing available; 50% LTV, 4.5% interest, 5‑year term.
    • 100% Occupancy.
    • New 10‑year leases with 3% annual rent increases and renewal options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Springs
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.280691589338
    Latitude
    25.820745028179

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    FAQs

    What type of property is this?
    Retail property - 15-Tenant Retail Center, Fully Leased
    Where is this retail property located?
    The property is located at 1 Royal Poinciana Blvd Miami Springs, FL.
    What are key features of this property?
    This property features: 2023 Gut Renovation.; Seller financing available; 50% LTV, 4.5% interest, 5-year term.; 100% Occupancy.
    (786) 333-7199
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    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
    1 Royal Poinciana Blvd Miami Springs, FL 33166
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