UC-MC Zoned Development
For Sale
$675,000
1067 NW 79th St, Miami, FL 33150
UC-MC zoned commercial land offering redevelopment flexibility for a range of automotive, retail, restaurant, and parking uses.
Property Size1,956 SF
Lot Size0.18 Acres
Price / SF$345.09
Days on Market48
Property Features for 1067 NW 79th St
General Information
Standard status
Active
Size
1,956 SF
Lot size
0.18 Acres
Zoning
UC-MC
Additional Details
Highway Access
Yes
Building Details
Year Built
1937
Listing Agency:
Trustpoint Realty, LLC.
Listed By:
Darious White · License #3508013
(305) 200-0348
Source:
Mymiahomes
Added: Jul 20
Changed: Aug 16
Last Checked: Sep 4 at 9:39AM
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 Trustpoint Realty, LLC.
Investment Insights
Based on property information with market context.
This for-sale commercial land site at 1067 NW 79th St in Miami is positioned for redevelopment under UC-MC zoning. The offering is described as a prime redevelopment play and supports a wide range of commercial and mixed-use possibilities, including car dealership/auto sales, automotive services, small professional offices, mixed-use retail, restaurants, storage, and parking operations.
The property is presented as located within the NW 79th St commercial corridor, just off NW 79th Street near Interstate 95. The marketing materials emphasize strong traffic flow and visibility along NW 79th Street, along with direct highway accessibility, which can support a variety of owner-user, investor, or developer strategies requiring zoning flexibility.
The property is presented as located within the NW 79th St commercial corridor, just off NW 79th Street near Interstate 95. The marketing materials emphasize strong traffic flow and visibility along NW 79th Street, along with direct highway accessibility, which can support a variety of owner-user, investor, or developer strategies requiring zoning flexibility.
Key Highlights
- 7,939 SF lot in Miami with UC‑MC zoning for a wide range of commercial and mixed‑use uses
- Permitted use flexibility includes car dealership/auto sales, automotive services, and storage and parking operations
- UC‑MC zoning also supports small professional offices, mixed‑use retail, and restaurants
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
$26,278
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
3.89%
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%
$525,560
$525.6K
Cap Rate 7%
$375,400
$375.4K
Cap Rate 9%
$291,978
$292.0K
Market Conditions
NOI Build-Up for 1,956 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
$39.4K $20.16/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$37.5K $19.19/SF
− OpEx
−$11.3K −$5.76/SF
NOI
$26.3K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
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%
$525,560
Cap Rate 7%
$375,400
Cap Rate 9%
$291,978
Alternative Uses
Best Use
Retail
$911.7K
$797.7K – $1.06M
NOI $63,816 @ 7.0% cap · market cap 9.45%
Second Best
Industrial
$375.4K
$328.5K – $438.0K
NOI $26,278 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,422 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,288
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
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - UC-MC zoned commercial land offering redevelopment flexibility for a range of automotive, retail, restaurant, and parking uses.
Where is this commercial land located?
The property is located at 1067 NW 79th St Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 7,939 SF lot in Miami with UC‑MC zoning for a wide range of commercial and mixed‑use uses; Permitted use flexibility includes car dealership/auto sales, automotive services, and storage and parking operations; UC‑MC zoning also supports small professional offices, mixed‑use retail, and restaurants
