727-731 W Flagler St
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727-731 W Flagler St
1,845 SF 100% Leased Retail Building Miami, FL 33130 $1,699,000 ($921/SF) 2.67% Cap Rate
Investment Highlights
- Charming 1,845 SF free-standing building
- Zoned T6-12-O-URBAN CORE ZONE
- Built in 1931 with historic appeal
- Prime location in vibrant Miami area
Executive Summary
Presenting a 3-unit retail property with large rear parking on busy W Flagler St, just minutes from the City of Miami’s urban core. Zoned T 6 12 0, this property allows for construction up to 12 stories by right (requires assembly with adjacent properties). All three retail units are currently rented, providing immediate income. An owner-user could consider combining the units in the future for their practice, taking advantage of the plentiful parking in the paved and fenced lot. The property features a 1,845 sq ft building on a 7,000 sq ft lot. Ideal for a pet hotel, veterinarian, or other single-tenant use to occupy the entire building once the leases expire, or start with one unit and grow into the three as needed.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,845 SF
Building Class
C
Year Built
1931
Price
$1,699,000
Price Per SF
$921
Cap Rate
2.67%
NOI
$45,329
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.16 AC
Zoning
T-6-12-O - General Commercial
Parking
6 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
47 FT on Flagler St
Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-0200-080-1170 | Total Assessment | $511,362 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
01-0200-080-1170
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$511,362 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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727-731 W Flagler St
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