Open-Loft Retail
For Sale
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929 Collins Ave # 2A, Miami Beach, FL 33139
Second-floor premises feature Collins Avenue signage in a Miami Beach commercial district near the beach and Ocean Drive.
Property Size8,116 SF
Price / SF$0.70
Days on Market166
Property Features for 929 Collins Ave # 2A
General Information
Standard status
Active
Size
8,116 SF
Property subtype
Mixed Use
Additional Details
Floor
2
Amenities
highly visible signage
Building Details
Building Size
8,116 SF
Year Built
2024
Listing Agency:
FPG Property Partners LLC
Listed By:
Enrique Barton · License #3059345
(305) 358-1440
Source:
Insidenetworkco
Added: May 16
Changed: Oct 27
Last Checked: Oct 26 at 8:06PM
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 FPG Property Partners LLC
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Investment Insights
Based on property information with market context.
The 8,116-square-foot retail space occupies the second floor of a building completed in 2024. Its open-loft layout is paired with signage visible from Collins Avenue.
The property is situated between 9th and 10th Streets in Miami Beach, close to the beach, Ocean Drive, and Lincoln Road.
The property is situated between 9th and 10th Streets in Miami Beach, close to the beach, Ocean Drive, and Lincoln Road.
Key Highlights
- 8,116‑square‑foot second‑floor retail space
- Open‑loft layout
- Signage visible from Collins Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,235
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,744,700
$2.7M
Cap Rate 7%
$1,960,500
$2.0M
Cap Rate 9%
$1,524,833
$1.5M
Market Conditions
NOI Build-Up for 8,116 SF
Gross rent
$214.3K $26.40/SF
− Vacancy
−$18.2K −$2.24/SF
EGI
$196.1K $24.16/SF
− OpEx
−$58.8K −$7.25/SF
NOI
$137.2K $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%
$2,744,700
Cap Rate 7%
$1,960,500
Cap Rate 9%
$1,524,833
Alternative Uses
Best Use
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,241 @ 7.0% cap · market cap 2,765.33%
Second Best
Retail
$1.96M
$1.72M – $2.29M
NOI $137,235 @ 7.0% cap · market cap 2,428.94%
Theoretical Best
Office A
$4.12M
$3.60M – $4.80M
NOI $288,231 @ 7.0% cap · market cap 5,101.43%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,811
Businesses Nearby
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Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
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 South region
Frequently Asked Questions
What type of property is this?
Retail space - Second-floor premises feature Collins Avenue signage in a Miami Beach commercial district near the beach and Ocean Drive.
Where is this retail space located?
The property is located at 929 Collins Ave # 2A Miami Beach, FL.
What are key features of this property?
This property features: 8,116‑square‑foot second‑floor retail space; Open‑loft layout; Signage visible from Collins Avenue
