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    650 Crandon Blvd Key Biscayne, FL 33149

    For Lease
    $114 SF/Yr

    Prime 1,782 SF Retail, High-Income Area

    Lot size:
    1,782 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1,782 square foot retail space is available for lease at 650 Crandon Blvd #16, Key Biscayne, Florida. Located within a thriving shopping center, this single-tenant property offers unparalleled visibility and accessibility. The space is situated amongst established businesses including Winn Dixie, Sushi Siam, and El Gran Inka, ensuring high foot traffic and exposure to a desirable demographic. Key Biscayne boasts a strong median household income of $173,015, providing a robust customer base for your business. The property is zoned 6100 and has an APN of 24-52-05-063-0160. The lease is offered on a modified gross basis at a rate of $95 per square foot. The property will be vacant and available on February 1st, 2025, allowing ample time for tenant improvements and permitting. This presents a unique opportunity to establish a successful retail presence in a prime Key Biscayne location. The property is a single suite within a larger building, offering a dedicated space for your business. Don't miss this chance to capitalize on the high-income demographic and vibrant retail environment of Key Biscayne. Contact us today to schedule a viewing and learn more about this exceptional opportunity.

    Property Features for 650 Crandon Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,782 SF

    Unit(s) available at that property

    Space
    16
    Size
    1,782 SF
    Rate per SF
    $114

    HighLights

    • Retail property totaling 1,782 square feet.
    • Single‑tenant occupancy.
    • Located in a Key Biscayne shopping center with strong co‑tenancy including Winn Dixie, Sushi Siam, and El Gran Inka.
    • Modified gross lease rate of $95 per square foot.
    • Available February 1, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Biscayne
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1641459
    Latitude
    25.6887088

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    FAQs

    What type of property is this?
    Retail property - Prime 1,782 SF Retail, High-Income Area
    Where is this retail property located?
    The property is located at 650 Crandon Blvd Key Biscayne, FL.
    What is the lease rate?
    The lease rate is $114 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 1,782 square feet.; Single-tenant occupancy.; Located in a Key Biscayne shopping center with strong co-tenancy including Winn Dixie, Sushi Siam, and El Gran Inka.
    Request Owner's contact information
    650 Crandon Blvd Key Biscayne, FL 33149
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    Key Biscayne, FL 33149
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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
    650 Crandon Blvd Key Biscayne, FL 33149
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