727-731 W Flagler St
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727-731 W Flagler St
1,845 SF 100% Leased Retail Building Miami, FL 33130 $2,165,081 CAD ($1,173 CAD/SF) 3.02% 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) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$94,460
|
$51.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,460
|
$51.20
|
| Taxes |
$22,055
|
$11.95
|
| Operating Expenses |
$6,933
|
$3.76
|
| Total Expenses |
$28,988
|
$15.71
|
| Net Operating Income |
$65,472
|
$35.49
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $94,460 |
| Annual Per SF | $51.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $94,460 |
| Annual Per SF | $51.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,055 |
| Annual Per SF | $11.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,933 |
| Annual Per SF | $3.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,988 |
| Annual Per SF | $15.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,472 |
| Annual Per SF | $35.49 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,845 SF
Building Class
C
Year Built
1931
Price
$2,165,081 CAD
Price Per SF
$1,173 CAD
Cap Rate
3.02%
NOI
$65,472 CAD
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 | $725,260 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $22,055 CAD ($11.95 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
01-0200-080-1170
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$725,260 CAD (2024)
Annual Taxes
$22,055 CAD ($11.95 CAD/SF)
Tax Year
2023
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