NW 7th Avenue Mixed-Use
For Sale
$650,000
10150 NW 7th Avenue, Miami, FL 33150
Mixed-use property on NW 7th Ave with high traffic visibility.
Property Size2,249 SF
Price / SF$289.02
Days on Market174
Property Features for 10150 NW 7th Avenue
General Information
Standard status
Active
Size
2,249 SF
Property subtype
Unimproved Land
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Cora Lee Cook · License #0586943
(786) 277-1132
Source:
Lehmannflorida
Added: Mar 27
Changed: Sep 15
Last Checked: Sep 15 at 5:26AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property is strategically located on NW 7th Avenue, which experiences approximately 22,000+ daily traffic count, offering high traffic visibility. The property provides easy access to major highways and public transit routes. The property is suitable for professional offices, retail outlets, or personal services businesses. The adaptable space can also accommodate medical or dental offices, fitness studios, or tutoring centers. Zoned for mixed-use, the property allows for future vertical expansion or redevelopment into multi-use spaces. The location is in a high-demand corridor with ongoing infrastructure improvements. The property offers flexibility for owner-operators or investors and is positioned in a rapidly growing commercial district with consistent foot and vehicle traffic. The property has a size of 2249 square feet.
Key Highlights
- High traffic visibility on NW 7th Avenue (22,000+ DTC).
- Zoned for mixed‑use, allowing for future vertical expansion or redevelopment.
- Easy access to major highways and public transit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,133
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,062,660
$1.1M
Cap Rate 7%
$759,043
$759.0K
Cap Rate 9%
$590,367
$590.4K
Market Conditions
NOI Build-Up for 2,249 SF
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.
Gross rent
$94.5K $42.00/SF
− Vacancy
−$9.4K −$4.20/SF
EGI
$85.0K $37.80/SF
− OpEx
−$31.9K −$14.18/SF
NOI
$53.1K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,062,660
Cap Rate 7%
$759,043
Cap Rate 9%
$590,367
Alternative Uses
Best Use
Mixed Use
$759.0K
$664.2K – $885.6K
NOI $53,133 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,266 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property on NW 7th Ave with high traffic visibility.
Where is this mixed-use property located?
The property is located at 10150 NW 7th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High traffic visibility on NW 7th Avenue (22,000+ DTC).; Zoned for mixed‑use, allowing for future vertical expansion or redevelopment.; Easy access to major highways and public transit.
