Renovated Flex Property in Miami

101 NE 79th Street, Miami, FL 33138

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For Sale

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Turn-key office/flex property with redevelopment potential in Miami.

Type:Office, Retail

Property size:

6,012 SF

Price / SF:

$623/SF

HighLights

Fully renovated in 2016 with updated mechanical, electrical, plumbing, ADA‑compliant bathrooms, multi‑zone HVAC, and impact glass.
New roof installed in 2025.
Located in a qualified opportunity zone and FEMA flood X zone.
T6‑8‑0 zoning within the City of Miami boundary allows for redevelopment with potential bonuses.
Potential for multi‑tenant or co‑working opportunities.
Previously served as a private collector car gallery and dealership, retaining a special warrant for an automotive dealership license.

We can help!

Listing Contact

Mateo Romero

For Sale

Contact for pricing

Turn-key office/flex property with redevelopment potential in Miami.

Type:Office, Retail

Property size:

6,012 SF

Price / SF:

$623/SF

Added:: Mar 12, 2026
Days on Market:: 97
Last Refresh:: Mar 19 at 11:07 pm

Property Features for 101 NE 79th Street

General Information

Standard status: Active
Size: 6,012 SF
Property subtype: Office, Retail

We can help!

Listing Contact

Mateo Romero

Listing agent Mateo Romero License #FL SL3371935

Listing office Gridline Properties

Listing date Mar 12, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Gridline Properties

HighLights

Fully renovated in 2016 with updated mechanical, electrical, plumbing, ADA‑compliant bathrooms, multi‑zone HVAC, and impact glass.
New roof installed in 2025.
Located in a qualified opportunity zone and FEMA flood X zone.
T6‑8‑0 zoning within the City of Miami boundary allows for redevelopment with potential bonuses.
Potential for multi‑tenant or co‑working opportunities.
Previously served as a private collector car gallery and dealership, retaining a special warrant for an automotive dealership license.

Overview

This turn-key private office/flex property underwent a full renovation in 2016, which included upgrades to mechanical systems, electrical service, plumbing, ADA-compliant bathrooms, multi-zone HVAC, and impact glass. A new roof was installed in 2025. Currently owned by a digital media advertising firm, the property presents potential for multi-tenant or co-working arrangements. Previously, it functioned as a private collector car gallery and dealership, and retains a special warrant for an automotive dealership license. Situated in the 79th Street corridor and Little River Business District, the property benefits from significant improvements and large capital investments, establishing it as a commercial destination for dining, shopping, furniture showrooms, and professional offices. The property is located in a qualified opportunity zone and a FEMA flood X zone. Its T6-8-0 zoning and location within the City of Miami boundary enhance its redevelopment potential with available bonuses. The property size is 6012 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$312.4k	$51.96
− Vacancy	−$32.2k	−$5.35
EGI	$280.2k	$46.61
− OpEx	−$84.1k	−$13.98
NOI	$196.1k	$32.63

6,012 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.80M

$2.45M – $3.27M (±1% cap)

NOI $196,146 @ 7.0% cap · market cap 5.23%

Second Best

Office B

$2.46M

$2.16M – $2.87M (±1% cap)

NOI $172,469 @ 7.0% cap · market cap 4.60%

Theoretical Best

Specialty Retail

$4.06M

$3.55M – $4.73M (±1% cap)

NOI $284,070 @ 7.0% cap · market cap 7.58%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

dimensions variable Theater & Performing Art Venue Ballyhoo Media Marketing & Advertising Baker—Hall Art Gallery Imagine Lifestyles Luxury ... Car Rental Facility Pinnacle Auto Leasing Loan Service

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.194691
Latitude: 25.847883

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For sale
Office buildings
FL
Miami
33138
101 NE 79th Street

What type of property is this?

Office building - Turn-key office/flex property with redevelopment potential in Miami.

Where is this office building located?

The property is located at 101 NE 79th Street Miami, FL.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Fully renovated in 2016 with updated mechanical, electrical, plumbing, ADA‑compliant bathrooms, multi‑zone HVAC, and impact glass.; New roof installed in 2025.; Located in a qualified opportunity zone and FEMA flood X zone.