Free-Standing Retail/Office
For Sale
Contact for pricing
1071 NE 79th St, Miami, FL 33138
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 Market203
Property Features for 1071 NE 79th St
General Information
Standard status
Active
Size
4,990 SF
Total Parking Spaces
17
Lot size
0.30 Acres
Property subtype
Office, Retail
Zoning
T5-O
Investment Type
Owner/User
Site & Location
Neighborhood
Shorecrest
Building Details
Year Built
1953
Buildings
1
Stories
2
Listing Agency:
Blanca Commercial Real Estate, Inc.
Listed By:
Cary Cohen · License #FL SL3069720
(954) 336-9287
Source:
Crexi
Added: Apr 6
Changed: Oct 11
Last Checked: Oct 24 at 1:57PM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,802
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,256,040
$3.3M
Cap Rate 7%
$2,325,743
$2.3M
Cap Rate 9%
$1,808,911
$1.8M
Market Conditions
NOI Build-Up for 4,990 SF
Gross rent
$259.3K $51.96/SF
− Vacancy
−$26.7K −$5.35/SF
EGI
$232.6K $46.61/SF
− OpEx
−$69.8K −$13.98/SF
NOI
$162.8K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,256,040
Cap Rate 7%
$2,325,743
Cap Rate 9%
$1,808,911
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
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
