Commercial Cap Rates in Florida by Property Type and County
The cap rate each listing implies at its asking price, from the few commercial sale listings that report net operating income (about four in a hundred). It is the seller's NOI over the seller's price, not a verified yield; buyers underwrite from the rent roll and the statements. Where fewer than five listings report income the row is left out.
5.8% is the statewide median across 61 of the 1,659 active commercial sale listings in the MLS, as of October 17, 2026.
Commercial Cap Rates in Florida by Property Type and County
By County
| County | Listings | Median | Low | High |
|---|---|---|---|---|
| Miami-Dade County | 24 | 5.5% | 2.5% | 8.5% |
| Broward County | 17 | 6.4% | 1.1% | 8.7% |
| Palm Beach County | 9 | 5.9% | 3.2% | 8.1% |
By Property Type
| Property type | Listings | Median | Low | High |
|---|---|---|---|---|
| Retail | 5 | 5.7% | 4.5% | 7.3% |
| Mixed-Use | 8 | 6.1% | 5.1% | 6.4% |
| Multifamily | 30 | 6.2% | 1.1% | 8.1% |
| Other commercial | 8 | 5.9% | 1.9% | 8.7% |
Source: BeachesMLS commercial sale and lease listings (IDX), every active listing in Florida. Only sale listings that report net operating income are counted; the cap rate is the seller's NOI over the asking price, and cap rates over 25% are treated as typos. A place or type with fewer than five such listings is left out. Asking figures, not closings.
Using These Figures
A buyer divides verified net operating income by the cap rate it requires to reach a price, and tests the seller's cap rate against the rent roll and the statements. See what actually closed, run the figures through the calculator, or ask a licensed BreakThru Realty agent for a confidential pricing review of a specific property. Call or text (786) 914-1017. No figure is published for a specific property.
Questions
- What cap rates are commercial sellers asking in Florida?
- 5.8% is the statewide median across 61 active sale listings that report net operating income, as of October 17, 2026. A cap rate at the asking price is worked from the income the listing reports against the price the seller asks; it is not a verified yield.
- What cap rates are retail sellers asking in Florida?
- 5.7%, the median of 5 active listings, ranging from 4.5% to 7.3%.
- What cap rates are mixed-use sellers asking in Florida?
- 6.1%, the median of 8 active listings, ranging from 5.1% to 6.4%.
- What cap rates are multifamily sellers asking in Florida?
- 6.2%, the median of 30 active listings, ranging from 1.1% to 8.1%.
- What cap rates are other commercial sellers asking in Florida?
- 5.9%, the median of 8 active listings, ranging from 1.9% to 8.7%.
- Where are cap rates highest in Florida?
- Among places with five or more listings, Broward County has the highest median at 6.4%, and Miami-Dade County the lowest at 5.5%. The figures move with the mix of listings on the market that day.