Midtown Miami Retail
For Sale
Contact for pricing
45 NE 36th St, Miami, FL 33137
Two-story retail property in Miami's thriving Midtown district.
Property Size8,710 SF
Lot Size0.10 Acres
Price / SF$855.34
Days on Market1021
Property Features for 45 NE 36th St
General Information
Standard status
Active
Size
8,710 SF
Lot size
0.10 Acres
Property subtype
Office
Zoning
T6-12-O
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$460,308
Site & Location
Neighborhood
Midtown
Building Details
Stories
2
Listing Agency:
DWNTWN Realty Advisors
Listed By:
Tony Arellano · License #FL SL3132321
(786) 333-7199
Source:
Crexi
Added: Jan 8, 2024
Changed: Oct 21
Last Checked: Oct 24 at 3:29PM
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 DWNTWN Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 45-47 NE 36th Street is a two-story freestanding corner retail property with 8,710 square feet of space on a 4,356 square foot lot, situated in Miami's Midtown district. The ground floor is occupied by a retail tenant, while the first and second floors accommodate an owner/user office. The property is currently fully occupied. Leases expire in 2025-2026. Located on the north side of NE 36th Street, the property is directly opposite the Shops at Midtown Miami, benefiting from high foot traffic and visibility near major national tenants such as Target, West Elm, and Home Goods. The property includes 10 parking spaces in an adjacent lot, with additional overflow parking available across the street at the Midtown Garages. It offers immediate access to Interstate 195, Interstate 95, and Biscayne Boulevard, connecting the Design District, Midtown, and Wynwood neighborhoods. The property has promising upside potential due to ongoing developments in the area, including luxury residential towers and commercial ventures.
Key Highlights
- Prime Midtown Miami location directly across from The Shops at Midtown Miami, ensuring high visibility and foot traffic.
- Freestanding two‑story corner retail property with 8,710 SF on a 4,356 SF lot.
- Currently fully occupied with a retail tenant and owner/user office, providing immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284,170
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,683,400
$5.7M
Cap Rate 7%
$4,059,571
$4.1M
Cap Rate 9%
$3,157,444
$3.2M
Market Conditions
NOI Build-Up for 8,710 SF
Gross rent
$452.6K $51.96/SF
− Vacancy
−$46.6K −$5.35/SF
EGI
$406.0K $46.61/SF
− OpEx
−$121.8K −$13.98/SF
NOI
$284.2K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,683,400
Cap Rate 7%
$4,059,571
Cap Rate 9%
$3,157,444
Alternative Uses
Best Use
Retail
$4.06M
$3.55M – $4.74M
NOI $284,170 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$3.57M
$3.12M – $4.16M
NOI $249,868 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$5.88M
$5.14M – $6.86M
NOI $411,551 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,333
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
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- A&E Special Arrangements — 3246D N Miami Ave, Miami, FL 33127
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story retail property in Miami's thriving Midtown district.
Where is this storefront property located?
The property is located at 45 NE 36th St Miami, FL.
What is the asking price?
The asking price for this property is $7,450,000.
What are key features of this property?
This property features: Prime Midtown Miami location directly across from The Shops at Midtown Miami, ensuring high visibility and foot traffic.; Freestanding two‑story corner retail property with **8,710 SF on a 4,356 SF lot.**; Currently fully occupied with a retail tenant and owner/user office, providing immediate income.
