Midtown Miami Retail
45 NE 36th St Miami, FL 33137
45 NE 36th St, Miami, FL, 33137
Contact for pricing
For Sale
Contact for pricing
Two-story retail property in Miami's thriving Midtown district.
Property Size8,710 SF
Lot Size0.10 Acres
Price / SF$855.34
Days on Market927
Property Features for 45 NE 36th St
General Information
- Standard status
- Active
- Size
- 8,710 SF
- Lot size
- 0.10 Acres
- Property subtype
- Office
Listing agency
DWNTWN Realty Advisors
(305) 909-7343
Listed by
Tony Arellano · License #FL SL3132321
Source
Crexi
Added: Jan 8, 2024 Updated: Jul 6 at 7:48AM Checked: Jul 22 at 8:43AM
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
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $452.6k | $51.96 |
| − Vacancy | −$46.6k | −$5.35 |
| EGI | $406.0k | $46.61 |
| − OpEx | −$121.8k | −$13.98 |
| NOI | $284.2k | $32.63 |
8,710 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Body Details
Skin Care Clinic
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FAQs
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.
