Miami retail and strip center cap rates
Miami-Dade County · Updated September 2026
Current range
6.00% – 7.25%
Neighborhood centers with strong local tenants remain one of the most liquid property types in the county.
Typical expenses
20%
of collected income, paid by the owner
What moves a retail and strip center property within the range
- Anchor and tenant credit. A grocery or national tenant lowers the cap rate. Local tenants raise it.
- Lease term and rollover. Leases expiring in the next two years add risk the buyer will price in.
- Traffic, frontage and parking. Corners and high traffic counts command a premium.
- Location and age. Core neighborhoods trade about 0.25% tighter, outer markets about 0.50% wider, and buildings from before 1980 about 0.25% wider.
What a quarter point is worth
Take a retail and strip center property with $500,000 of net operating income. At today’s range, every 0.25% change in cap rate moves its value by about $274,443.
| Cap rate | Value at $500,000 NOI |
|---|---|
| 5.75% | $8,695,652 |
| 6.00% | $8,333,333 |
| 6.63% | $7,541,478 |
| 7.25% | $6,896,552 |
| 7.50% | $6,666,667 |
Questions
What is a good cap rate for retail and strip center in Miami?
Stabilized retail and strip center properties in Miami-Dade are trading at 6.00% to 7.25%. A lower cap rate means a higher price for the same income. Whether a given cap rate is good depends on whether you are buying or selling.
How do I calculate the value of a retail and strip center property?
Divide the net operating income by the cap rate. A property netting $500,000 a year at a 6.63% cap rate is worth about $7,547,170.
What expenses come out of net operating income?
Property taxes, insurance, repairs, management, utilities the owner pays and reserves. Not the mortgage. For retail and strip center, owner-paid expenses typically run about 20% of collected income.
Other property types: Multifamily (10+ units) · Small multifamily (2–9 units) · Single-tenant net lease · Office · Medical office · Industrial / warehouse · Mixed use · Self storage · Hotel / motel · Auto service / gas. Land values by neighborhood: see the table.
What is your retail and strip center property worth?
Enter your address and we pull the county record. Add your rent and expenses and you will see your cap rate and value range against today's retail and strip center market. It is free.
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