Free-Standing Retail/Office
1071 NE 79th St Miami, FL 33138
1071 NE 79th St, Miami, FL, 33138
Contact for pricing
For Sale
Contact for pricing
Free-standing building on two parcels totaling about 0.30 acres, positioned along the 79th Street Causeway.
Property Size4,990 SF
Lot Size0.30 Acres
Price / SF$1,102
Days on Market109
Property Features for 1071 NE 79th St
General Information
- Standard status
- Active
- Size
- 4,990 SF
- Lot size
- 0.30 Acres
- Property subtype
- Office, Retail
Listing agency
Blanca Commercial Real Estate, Inc.
(954) 336-9287
Listed by
Cary Cohen · License #FL SL3069720
Source
Crexi
Added: Apr 6 Updated: Jul 22 at 12:03AM Checked: Jul 22 at 10:54AM
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 Blanca Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
1071 Plaza is a free-standing commercial property featuring an approximately 4,990-square-foot building situated on two parcels totaling approximately 0.30 acres.
The property is located along the 79th Street Causeway, a corridor connecting the mainland to North Bay Village and Miami Beach.
This configuration supports owner-user use for establishing a presence along the corridor, with the offering centered on the building and its two-parcel site.
The property is located along the 79th Street Causeway, a corridor connecting the mainland to North Bay Village and Miami Beach.
This configuration supports owner-user use for establishing a presence along the corridor, with the offering centered on the building and its two-parcel site.
Key Highlights
- Free‑standing commercial building along the 79th Street Causeway
- Approximately 4,990 SF building size
- Sits on two parcels totaling approximately 0.30 acres
Local 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 | $259.3k | $51.96 |
| − Vacancy | −$26.7k | −$5.35 |
| EGI | $232.6k | $46.61 |
| − OpEx | −$69.8k | −$13.98 |
| NOI | $162.8k | $32.63 |
4,990 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.71M
NOI $162,802 @ 7.0% cap · market cap 2.96%
Second Best
Office B
$2.05M
$1.79M – $2.39M
NOI $143,151 @ 7.0% cap · market cap 2.60%
Theoretical Best
Specialty Retail
$3.37M
$2.95M – $3.93M
NOI $235,780 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Procab Studio Miami
Marketing & Advertising
Canta y No ...
Restaurant
Agnus Dei Press
Publishing House
TECHNO-FIT WELLNESS CENTERS
Gym & Fitness Center
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FAQs
What type of property is this?
Storefront property - Free-standing building on two parcels totaling about 0.30 acres, positioned along the 79th Street Causeway.
Where is this storefront property located?
The property is located at 1071 NE 79th St Miami, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Free‑standing commercial building along the 79th Street Causeway; Approximately 4,990 SF building size; Sits on two parcels totaling approximately 0.30 acres
