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    480 31St St Miami, FL 33137

    For Lease
    $88 SF/Yr

    Prime Retail Space, 608 sq ft, High Traffic Area

    Lot size:
    608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional single-tenant retail space, located within the Gran Paradiso Condo complex, offers 608 square feet of versatile commercial space perfect for a variety of businesses. The property is situated in a high-traffic area, presenting a significant opportunity for growth and success. The space is part of a single-story building, zoned 4604, and identified by APN 01-32-30-102-0160. The property features one building with a single suite, providing a self-contained and efficient layout. The monthly rent is $4500.00, which is a Net, Net, Net (NNN) lease. This means the tenant is responsible for property taxes, common area maintenance (CAM), and insurance. The CAM charges, encompassing association fees and property taxes, amount to $9.55 per square foot, resulting in a monthly CAM cost of $484.27. This attractive space is ideal for a cafe, office, or retail shop, offering high visibility and potential for a thriving business. The property's convenient location and flexible layout make it an excellent investment opportunity. Serious inquiries are encouraged to explore this promising commercial property.

    Property Features for 480 31St St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    608 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    CU7
    Size
    608 SF
    Rate per SF
    $88

    HighLights

    • Retail space, single‑tenant occupancy, 608 square feet.
    • One‑story building on a single lot.
    • Zoned 4604, APN 01‑32‑30‑102‑0160.
    • $4,500/month NNN lease rate.
    • $9.55/sq ft CAM, including association fees and property taxes (approx. $484.27/month).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adam Floyd Design Interior Designer Beach Front Realty ... Real Estate Agency Gran Paraiso Apartments Real Estate Rental Agency king david massage Massage Therapist Gran Paraiso Condominium ... Condominium Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1870706
    Latitude
    25.8062523

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 608 sq ft, High Traffic Area
    Where is this retail property located?
    The property is located at 480 31St St Miami, FL.
    What is the lease rate?
    The lease rate is $88 SF/Yr.
    What are key features of this property?
    This property features: Retail space, single-tenant occupancy, 608 square feet.; One-story building on a single lot.; Zoned 4604, APN 01-32-30-102-0160.
    Request Owner's contact information
    480 31St St Miami, FL 33137
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    Miami, FL 33137
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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
    480 31St St Miami, FL 33137
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