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Property profile & analytics
OFF-MARKET Estimated value $820,000
Outlet malls

702 5th Ave Miami, FL 33136

6,431 SF 0.17 ac lot Built 1947
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-0274726
Property summary
AI-generated overview

This exceptional 6,431-square-foot retail space, located at 702 NW 5th Ave in Miami, Florida, presents a unique opportunity for a discerning tenant. Situated on a 7,500-square-foot lot in Miami-Dade County, this single-tenant property boasts a prime location at the nexus of Brickell, Downtown, River, and Health districts – experiencing significant growth. Built in 1947, this one-story building is fully built-out and ready for immediate occupancy. Its versatile design is perfectly suited for a variety of uses, including a gallery, showroom, entertainment venue, or flexible office space. The property's turnkey condition eliminates the need for extensive renovations, allowing for a swift and efficient transition. The strategic location offers unparalleled access to a vibrant and expanding urban core, providing exceptional visibility and accessibility for any business. This is an ideal opportunity for businesses seeking a high-profile location in a thriving Miami neighborhood, offering immediate access to a dense population and significant foot traffic. The property's size and layout provide ample space for a variety of configurations, catering to the specific needs of a diverse range of potential tenants. This is a rare chance to secure a well-established space in a rapidly developing area of Miami. The zip code is 33136.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1947
Construction CONCRETE
Total area 6,431 SF
Lot 0.17 ac (7,500 SF)
Zoning code 6101
APN 01-0104-090-1240
UPID US18-0274726
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
  • Salamander Miami Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
$550k
Blend (final) Blend
$820k
Owner & transaction history
Varangian 702 LLC · 5 yrs held
Varangian 702 LLC
since 2021
Last sale
$750,000
7 recorded transactions
2021
$750,000
2019
Price N/A
2016
$1.2M
2014
$570,000
2013
$157,500
2003
$112,500
2002
$11,000
Zoning & alternative use
6101 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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