13720 Biscayne BlvdNorth Miami Beach, FL 33181

Property Details for 13720 Biscayne Blvd

Year built

1977

Construction

CONCRETE

Lot size

0.73 AC

Property size (Sq ft)

11,754 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Community centers

APN

07-2221-002-0300

APU

722210020300

Description

This exceptional North Miami Beach storefront, located at 13720 Biscayne Blvd, presents a compelling value-add investment opportunity. The 880-square-foot property, built in 1977 and extensively renovated in 2024, boasts a 100% occupancy rate with a single tenant under a gross lease agreement expiring January 31, 2027 (2 years remaining). The current tenant, a credit-rated business, generates a substantial net operating income (NOI) of $45,000, resulting in an attractive 27.27% capitalization rate. The property includes 5 parking spaces and features modern decor, ideal for a beauty studio or similar business. All financial information is readily available for review. This single-story building sits on a 880 square foot lot and is classified as a Class B retail property. The sale is offered as a tenancy in common and is priced at $165,000. This turnkey investment offers a strong income stream with significant upside potential in a high-traffic area with an established clientele. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $11,209,914

  6.5%

  $10,347,613

  7%

  $9,608,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,340,344

  Geo Method

  $11,340,344

• Alternative Use

  Use

  Valuation

  Residential

  $8,728,599

  Hospitality

  $7,995,350

  Educational

  $6,652,037

  Medical

  $6,880,811

  Retail

  $10,347,613

Location Insight

City

North Miami Beach

County

Miami-dade

State

Florida

Latitude

25.903

Longitude

-80.16

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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