Mixed-Use Property With Retail
For Sale
$1,600,000
1113 NW 79th St, Miami, FL 33150
Existing commercial structure with dual access, surface parking, and a rectangular urban infill site.
Property Size2,769 SF
Days on Market19
Property Features for 1113 NW 79th St
General Information
Standard status
Active
Size
2,769 SF
Property subtype
Retail
Building Details
Building Size
2,769 SF
Year Built
1931
Listing Agency:
The Keyes Company
(305) 785-2687
Listed By:
Sonia Diaz · License #3245875
Source:
Vanessafrankmiami
Added: Jul 16
Changed: Aug 3
Last Checked: Aug 3 at 4:38AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This mixed-use property includes a 21,780-square-foot site improved with a 2,840 ASF retail/office structure. Built in 1931, the building recently completed its 40-year recertification. The rectangular parcel measures 66 feet by 330 feet and includes a parking area.
Access is available from NW 79th Street and 11th Ct, with the property address at 1113 NW 79th St, Miami, FL 33150. The current land use is MIXED USE-STORE/RESIDENTIAL, and the site carries NCUAD—North Central Urban Area District zoning. The property is also located within an Opportunity Zone and a Community Redevelopment Area. Under the Live Local Act, the site is identified as allowing development up to 12 stories and 250 units per acre.
Access is available from NW 79th Street and 11th Ct, with the property address at 1113 NW 79th St, Miami, FL 33150. The current land use is MIXED USE-STORE/RESIDENTIAL, and the site carries NCUAD—North Central Urban Area District zoning. The property is also located within an Opportunity Zone and a Community Redevelopment Area. Under the Live Local Act, the site is identified as allowing development up to 12 stories and 250 units per acre.
Key Highlights
- 21,780 SF rectangular site measuring 66' x 330'
- 2,840 ASF retail/office structure built in 1931
- Building recently passed its 40 year Recertification
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 | $143.9k | $51.96 |
| − Vacancy | −$14.8k | −$5.35 |
| EGI | $129.1k | $46.61 |
| − OpEx | −$38.7k | −$13.98 |
| NOI | $90.3k | $32.63 |
2,769 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,341 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$1.13M
$993.0K – $1.32M
NOI $79,436 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.18M
NOI $130,836 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
856
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
Properties on Market for Mixed-use properties in Miami
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing commercial structure with dual access, surface parking, and a rectangular urban infill site.
Where is this mixed-use property located?
The property is located at 1113 NW 79th St Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 21,780 SF rectangular site measuring 66' x 330'; 2,840 ASF retail/office structure built in 1931; Building recently passed its 40 year Recertification
