Metro 1 Brokers Another Premium Little River Sale, Cementing Its Lead in Miami's Fastest-Rising Submarket
Metro 1 is proud to announce the $3,600,000 sale of 230 NW 71 Street in Little River / Little Haiti, where Metro 1 represented the seller.
Trading at approximately $508 per square foot, the transaction marks the fourth of seven sales above $500 PSF brokered by Metro 1 in Little River over the last trailing 18-month period. That track record positions Metro 1 as the clear leader in the neighborhood's premium, value-add market, and reflects the firm's ability to translate Little River's momentum into realized value for its clients.
Crucially, these are not prices in search of fundamentals. Pricing at this level is underwritten by real, in-place income and a clear path to growth. Situated on a 12,300 SF lot, the 7,084 SF building comprises multiple creative flex businesses ranging from approximately 300 SF to 2,200 SF. Its diverse tenant mix, combined with strong demand for smaller creative flex spaces in the Little River market, made the asset a compelling investment opportunity. The units have been carefully renovated to serve innovative businesses that require creative spaces within an ecosystem staged for collaboration and creativity. Today they average net rents of roughly $43 PSF NNN, with the potential to reach market rents of approximately $45–$55 PSF NNN simply by rolling existing leases to market as the area continues to develop and appreciate — meaning the buyer acquires durable cash flow today and embedded upside tomorrow.
That upside is reinforced by the significant transformation underway in the immediate area. Directly across the street, AJ Capital has acquired the entire city block and plans to reposition its existing buildings in the near term. On the next block over, AJ Capital is finishing construction for The Breezeway, a new retail complex that repositions 11 warehouse bays, an open courtyard, and two historic homes to create an oasis featuring Miami’s best bagel shop, El Bagel. Combined with walkable access to neighborhood staples such as Imperial Moto Cafe, Ogawa, Fooq's, and Sunny's Steakhouse, the property is well positioned to benefit from continued tenant demand, rising rental rates, and long-term appreciation as Little River gains momentum.
Metro 1 continues to source, position, and close the neighborhood's most sought-after assets — driving value on both sides of the transaction as Little River establishes itself as one of Miami's most dynamic emerging markets.
Transaction Snapshot
Address: 230 NW 71 St, Miami, FL
Sale Price: $3,600,000
Price PSF: $508 PSF
Cap Rate: 7.22%
Seller’s Rep: Juan Andres Nava, Bernardita Banfi, Djinji Brown, Daniella Sutnick
Property Type: Creative Flex
Building Size: 7,084 SF
Land Area: 12,300 SF