Turn-Key Office/Flex
101 Northeast 79th Street Miami, FL 33138
For Sale
$3,475,000
Renovated office/flex property with multi-zone HVAC, impact glass, and ADA-compliant bathrooms, plus a 2025 roof.
Property Size6,012 SF
Price / SF$578.01
Days on Market249
Property Features for 101 Northeast 79th Street
General Information
- Standard status
- Active
- Size
- 6,012 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1952
Listing Agency:
Gridline Properties
(305) 282-1862
Listed By:
Jonathan E Eismann · License #3243175
(305) 282-1862
Source:
Compass
Added: Nov 16, 2025
Changed: Jul 22
Last Checked: Jul 23 at 10:12AM
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
Investment Insights
Based on property information with market context.
This turn-key office/flex building was fully renovated in 2016, including mechanical systems, electrical service, plumbing, two ADA-compliant bathrooms, multi-zone HVAC, and impact glass throughout. A new roof was installed in 2025. The space is currently configured for a single tenant with a bright, open-plan layout.
The property is located at 101 Northeast 79th Street in Miami, Florida, within the 79th Street corridor and the Little River Business District, an area described as having seen major improvements and capital investment over the past five years. It also retains a special warrant allowing for an automotive dealership license at this address, and it is identified as being in a qualified opportunity zone and a FEMA “X” zone for an area of minimal flood hazard.
The property is located at 101 Northeast 79th Street in Miami, Florida, within the 79th Street corridor and the Little River Business District, an area described as having seen major improvements and capital investment over the past five years. It also retains a special warrant allowing for an automotive dealership license at this address, and it is identified as being in a qualified opportunity zone and a FEMA “X” zone for an area of minimal flood hazard.
Key Highlights
- Renovated in 2016 with all mechanical, electrical, and plumbing systems replaced, plus multi‑zone HVAC and impact glass
- New roof installed in 2025
- 1‑story block office/warehouse with free‑standing design, concrete flooring, and central building cooling
Financial Insights For Office B
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 | $270.5k | $45.00 |
| − Vacancy | −$40.6k | −$6.75 |
| EGI | $230.0k | $38.25 |
| − OpEx | −$57.5k | −$9.56 |
| NOI | $172.5k | $28.69 |
6,012 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.46M
$2.16M – $2.87M
NOI $172,469 @ 7.0% cap · market cap 4.96%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,160 @ 7.0% cap · market cap 2.54%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.73M
NOI $284,070 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Polo's Mobile Catering Truck — 1550 Kennedy Cswy, North Bay Village, FL 33141
- Rasoi Indian Kitchen — Inside Happy's Bar and Lounge, 1624 79th Street Causeway, North Bay Village, FL 33141
- Sanafit Catering Corp — 1440 79th Street Causeway suite #1402, North Bay Village, FL 33141
- So Satisfy Catering — 7501 E Treasure Dr, North Bay Village, FL 33141
- D'bella Pizza and Pasta — 1700 79th street causeway, north bay village, fl 33141
FAQs
What type of property is this?
Flex space - Renovated office/flex property with multi-zone HVAC, impact glass, and ADA-compliant bathrooms, plus a 2025 roof.
Where is this flex space located?
The property is located at 101 Northeast 79th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: Renovated in 2016 with all mechanical, electrical, and plumbing systems replaced, plus multi‑zone HVAC and impact glass; New roof installed in 2025; 1‑story block office/warehouse with free‑standing design, concrete flooring, and central building cooling
