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    167 NE 39 Plc Miami, FL

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    167 NE 39 Plc Miami, FL

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    • Commercial real estate
    • 3,700 SF
    For Lease
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    Prime Location in Design District For Lease
    Contact for pricing
    3,700 SF

    Prime Location in Design District

    Approved site for a new 4-story building.

    167 NE 39 St, Miami, FL
    View Listing
    Property ID
    US18-9423328
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • alexanderwang miami pop-up / Clothing & Fashion Store
    • Canada Goose Miami / Clothing & Fashion Store

    Property Details for 167 NE 39 Plc

    Property size
    3,700 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,700 square foot flagship retail space is ideally situated in Miami's vibrant Design District at 167 NE 39th Street. The property boasts a single suite within a building situated on a 4,700 square foot lot, offering ample space for a variety of retail uses. Its prime location on NE 39th Street ensures high visibility and foot traffic, making it an excellent opportunity for businesses seeking a prominent presence in this sought-after area. The property is available for immediate occupancy, presenting a unique chance to establish a flagship store or temporary pop-up shop in a thriving commercial hub. The Design District submarket is known for its upscale boutiques, art galleries, and high-end residential developments, attracting a sophisticated and affluent clientele. This location offers unparalleled access to a diverse and desirable customer base. The property's single-suite configuration provides a cohesive and easily manageable space, ideal for a flagship operation or a curated pop-up experience. Detailed brochures outlining both pop-up and redevelopment opportunities are available for download via the provided links. This is a rare opportunity to secure a highly visible and desirable retail space in one of Miami's most exclusive neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1919962
    Latitude
    25.8130282

    Comparable in this City

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    • $132 SF/Yr
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      Prime Buena Vista Retail Space

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      Retail/Office Space For Lease

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      Retail Space Available For Rent

      Retail space available for lease in Miami, Florida.
      5400 NE 4Th Ct, Miami, FL 33137
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      6,357 SF

      Miami Design District Retail Space

      Retail space available in Miami Design District.
      3800 NE Miami Ct, Miami, FL 33137
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      722,000 SF

      Wynwood Retail Space Available

      Retail and restaurant spaces for lease in vibrant Wynwood area.
      237 NW 24Th St, Miami, FL 33137
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    Similar Nearby for Lease

    • $35 SF/Yr
      2,971 SF

      Retail Space Available For Rent

      2971 square feet retail space for rent in Miami.
      185 NE 59Th St, Miami, FL 33137
      View Details
    • $132 SF/Yr
      500 SF

      Prime Buena Vista Retail Space

      500 sq ft, Single Tenant, NNN Lease
      5010 2Nd Ave, Miami, FL 33137
      View Details
    • Contact for pricing

      Retail/Office Space For Lease

      Retail or office space available for lease in prime location.
      480 NE 31St St, Miami, FL 33137
      View Details
    • Contact for pricing
      540 SF

      Retail Space Available For Rent

      Retail space available for lease in Miami, Florida.
      5400 NE 4Th Ct, Miami, FL 33137
      View Details
    • Contact for pricing
      6,357 SF

      Miami Design District Retail Space

      Retail space available in Miami Design District.
      3800 NE Miami Ct, Miami, FL 33137
      View Details
    • Contact for pricing
      722,000 SF

      Wynwood Retail Space Available

      Retail and restaurant spaces for lease in vibrant Wynwood area.
      237 NW 24Th St, Miami, FL 33137
      View Details
    View Listing
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    167 NE 39 Plc
    Miami, FL
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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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