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    Beauty Salon For Sale Collins Ave Miami Beach, FL 33141

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    Beauty Salon For Sale Collins Ave Miami Beach, FL 33141

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Beauty Salon For Sale Collins Ave

    Year built
    1948
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Exceptional opportunity to acquire a thriving beauty salon located at 7331 Collins Avenue in Miami Beach, Florida, 33141. This established storefront, built in 1948, is priced at $95,000 and presents a turnkey operation ready for immediate income generation. The salon boasts a sophisticated and comfortable design, featuring eight hair stations, two shampoo stations, and three pedicure stations, all equipped with modern, high-quality beauty equipment. The spacious layout ensures efficient workflow and client comfort. The property's prime location on Collins Avenue in Miami Beach guarantees high visibility and foot traffic, attracting a clientele seeking premium beauty services. This is an ideal investment for an experienced salon owner or a savvy entrepreneur looking to enter the lucrative beauty industry. Showings are available on Sunday weekends. The property is categorized as retail, specifically a storefront and salon/barbershop. This is a rare chance to own a well-established and profitable business in a highly desirable location. Don't miss this unique opportunity to own a piece of Miami Beach's vibrant business landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1206
    Latitude
    25.8591

    Comparable in this City

    • Value Estimation by Request

      6790 Collins Ave

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      6790 Collins Ave, Miami Beach, FL 33141
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    • Value Estimation by Request
      505 SF

      7135 Collins Ave Ph, Unit 5

      RETAIL STORES (PERSONAL SERVICES) • 505 SF
      7135 Collins Ave Ph, Miami Beach, FL 33141-3252
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    • Value Estimation
      $1,330,000
      2,160 SF

      7135 Collins Ave Ph, Unit 11

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      7135 Collins Ave Ph, Miami Beach, FL 33141-3252
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    • Value Estimation
      $615,000
      995 SF

      7135 Collins Ave Ph, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 995 SF
      7135 Collins Ave Ph, Miami Beach, FL 33141-3252
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    • Value Estimation by Request
      290 SF

      7330 Ocean Tercu-2

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      192 SF

      6770 Indian Crk Drcu-10a

      RETAIL STORES (PERSONAL SERVICES) • 192 SF
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    Beauty Salon For Sale Collins Ave
    Miami Beach, FL 33141
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    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
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