Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13710 56Th St Miami, FL 33175
    Property profile & analytics

    13710 56Th St, Miami, FL 33175

    View on Map
    • Retail properties & Spaces
    • 212,936 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Del Toro Insurance / Insurance Agency
    • Kendall Auto Tag Agency / Vehicle Inspection Center
    • Alvarez Pet Clinic / Veterinary Clinic
    • Golden Lion Jewelry / (Bike/Boat/Book/etc) Store

    Property Details for 13710 56Th St

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Miller Square Shopping Center presents a unique investment opportunity in the thriving West Kendall submarket of Miami-Dade County. This single-story, 212,936 square foot neighborhood power center boasts a prime location at the southwest corner of SW 56th Street and SW 137th Avenue, offering exceptional visibility and accessibility. Currently, there is one available office space totaling 675 square feet, ideal for a variety of uses, including traditional office or medical office practices. The center is anchored by prominent national retailers such as Publix, LA Fitness, Ross Dress for Less, and El Dorado Furniture, ensuring a consistent flow of high-traffic foot and vehicle traffic. This diverse tenant mix includes a blend of strong national, regional, and local businesses, creating a vibrant and successful shopping destination. The surrounding area is densely populated, with approximately 426,000 people residing within a 5-mile radius, exhibiting an average household income exceeding $106,000. This strong demographic profile underscores the significant potential for sustained growth and profitability. The property's location in one of Miami-Dade County's fastest-growing areas makes it an attractive investment for businesses seeking to establish or expand their presence in a high-demand market. The available 675 sq ft space offers a chance to be part of this successful and well-established shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4164
    Latitude
    25.7128

    Comparable in this City

    • Value Estimation by Request

      Colombian Restaurant @ Bird Rd

      Restaurants
      0 Colombian Restaurant @ Bird Rd, Miami, FL 33175
      View Details
    • Value Estimation by Request

      11880 40Th St

      Restaurants
      11880 40Th St, Miami, FL 33175
      View Details
    • Value Estimation by Request

      12847 42Nd St

      Restaurants
      12847 42Nd St, Miami, FL 33175
      View Details
    • Value Estimation by Request

      12847 42Nd St

      Restaurants
      12847 42Nd St, Miami, FL 33175
      View Details
    • Value Estimation by Request

      12847 42Nd St

      Restaurants
      12847 42Nd St, Miami, FL 33175
      View Details
    • Value Estimation by Request

      13445 56Th St

      Restaurants
      13445 56Th St, Miami, FL 33175
      View Details

    Similar Nearby for Sale

    • $75,000

      Turn-Key Bakery on Bird Road

      Fully equipped bakery for sale in high-traffic Miami location.
      Bakery & Cafe For Sale On Bird Rd, Kendall, FL 33175
      View Details
    • Contact for pricing

      Turnkey Medical Office Space Available

      Fully furnished and equipped medical office ready for immediate occupancy.
      2701 SW 142Nd Ave, Miami, FL 33175
      View Details
    • $85,000

      Established Beauty Salon in Kendall

      Profitable beauty salon with loyal clientele in prime location.
      West Kendall Dr, Kendall, FL 33175
      View Details
    • Contact for pricing

      Established Pet Grooming Business Opportunity

      Profitable pet grooming business with mobile vans for sale.
      11700 SW Bird Rd, Miami, FL 33175
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Power Center Retail Space

      213,000 SF neighborhood center with strong national and local tenants.
      13710 SW 56Th St, Miami, FL 33175
      View Details
    • Contact for pricing

      Medical/Professional Office Space Available

      1,780 SF medical/professional office space for lease.
      13155 SW 42Nd St, Miami, FL 33175
      View Details
    • Contact for pricing

      Medical Office Building

      Purpose-built medical office space designed for healthcare practices seeking a dedicated office environment.
      11760 Southwest 40Th Street Rd, Miami, FL 33175
      View Details
    • Contact for pricing
      1,290 SF

      Retail Space in Publix Center

      Retail space available in a high-volume Publix-anchored shopping center.
      14610-14660 SW 26Th St, Miami, FL 33175
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13710 56Th St
    Miami, FL 33175
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13710 56Th St, Miami, FL, 33175
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!