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Property profile & analytics
OFF-MARKET Estimated value $31,245,000
Retail space

1040 Biscayne Blvd Miami, FL 33132-1706

38,700 SF 0.89 ac lot Built 2007
Individually Owned 11-yr Hold Free & Clear
Property ID
US18-5972520
Property summary
AI-generated overview

This exceptional Downtown Miami property offers 3,795 to 7,738 square feet of creative office space for lease. Located at 1040 Biscayne Boulevard, this 2007-built building boasts two suites available in a prime corner location, directly adjacent to Biscayne Boulevard, a thoroughfare with over 75,000 daily commuters. The space features abundant natural light and a unique two-story design, including an outdoor patio, presenting a significant branding opportunity. Its location within the Arts & Entertainment District provides unparalleled access to a vibrant cultural scene, including proximity to the Perez Art Museum, Phillip and Patricia Frost Museum of Science, Kaseya Center, Bayfront Park, and the Adrienne Arsht Center. Furthermore, its adjacency to the MacArthur Causeway/I-395, a major artery with over 157,000 daily commuters, ensures exceptional visibility and accessibility. The property is also ideally situated to serve the numerous residential units in the immediate vicinity and surrounding buildings. This versatile space is suitable for various uses, including office, retail, and restaurant concepts, offering a unique opportunity to thrive in the heart of Downtown Miami's dynamic environment. The total building comprises two suites, with a maximum contiguous space of 7,738 square feet. All information should be independently verified.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 38,700 SF
Lot 0.89 ac (38,700 SF)
Zoning code 6401:COMMERCIAL
APN 01-0102-000-1010
UPID US18-5972520
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NuLife Institute - Aventura Medical Clinic
  • New Wave Medical Medical Clinic
  • NuLife Institute Spa & Massage Center Alternative Medicine Practice
  • Luis O. Dominguez, DO Physician
  • Capponi Group Corp Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$31.25M
Owner & transaction history
James Ferraro · 11 yrs held
James Ferraro
since 2015
3 recorded transactions
2016
Price N/A
2015
Price N/A
1969
Price N/A
Zoning & alternative use
6401:COMMERCIAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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