Mixed-Use Retail/Office Development
1113 NW 79th St Miami, FL 33150
New
For Sale
$1,600,000
SINGLE_FAMILY - Miami, FL
Property Size2,840 SF
Lot Size0.50 Acres
Price / SF$563.38
Days on Market2
Property Features for 1113 NW 79th St
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 30-31-11-000-0160
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Description
- 11 53 41 .50 AC E66FT OF S365FT OF SW1/4 OF SW 1/4 OF NE1/4 LESS S35FT FOR RD LOT SIZE IRREGULAR OR 22699-2811/22900-2156 0904 1 COC 24629-0
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Built-Up
Listing Agency:
The Keyes Company
(305) 371-3592
Listed By:
Sonia Diaz · License #3245875
(305) 785-2687
Added: Jul 23
Last Checked: Jul 24 at 2:06AM
MLS# A12057180
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale mixed-use development site includes a 2,840 SF retail/office structure on a 21,780 SF rectangular lot measuring 66' by 330'. The property has just passed the 40-year recertification and offers ample parking for day-to-day access.
The site fronts NW 79th Street and has access from 11th Ct. The current land use is mixed use—store/residential—and the property is classified as NCUAD (North Central Urban Area District). The Floor Area Ratio is noted as 0.13.
The listing also indicates the property is located in an Opportunity Zone and a Community Redevelopment Area (CRA), where possible grants may be available. Under the Live Local Act, the remarks state the site can support development up to 12 stories and 250 units per acre.
The site fronts NW 79th Street and has access from 11th Ct. The current land use is mixed use—store/residential—and the property is classified as NCUAD (North Central Urban Area District). The Floor Area Ratio is noted as 0.13.
The listing also indicates the property is located in an Opportunity Zone and a Community Redevelopment Area (CRA), where possible grants may be available. Under the Live Local Act, the remarks state the site can support development up to 12 stories and 250 units per acre.
Key Highlights
- 2,840 SF retail/office structure on a 21,780 SF lot on busy NW 79th Street
- Rectangular 66' x 330' lot with access from NW 79th Street and 11th Ct
- Passed the 40‑year recertification
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.6k | $51.96 |
| − Vacancy | −$15.2k | −$5.35 |
| EGI | $132.4k | $46.61 |
| − OpEx | −$39.7k | −$13.98 |
| NOI | $92.7k | $32.63 |
2,840 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,657 @ 7.0% cap · market cap 5.79%
Second Best
Office B
$1.16M
$1.02M – $1.36M
NOI $81,473 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,191 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tonys Lawn Services ...
Landscaping
FAQs
What type of property is this?
Retail space - Development site with a retail/office structure and ample parking, fronting NW 79th Street.
Where is this retail space located?
The property is located at 1113 NW 79th St Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 2,840 SF retail/office structure on a 21,780 SF lot on busy NW 79th Street; Rectangular 66' x 330' lot with access from NW 79th Street and 11th Ct; Passed the 40‑year recertification
