Retail Space on High-Traffic
For Sale
Contact for pricing
6211 NW 7th Ave # 663, Miami, FL 33150
Retail space with high visibility and strong transportation access.
Property Size10,398 SF
Price / SF$0.33
Days on Market572
Property Features for 6211 NW 7th Ave # 663
General Information
Standard status
Active
Size
10,398 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$21,045
Building Details
Building Size
10,398 SF
Year Built
1930
Listing Agency:
LA PREMIERE Realty
Listed By:
Mauricio Fernandez Piqueras · License #3549812
(305) 927-8103
Source:
Casacollectiongroup
Added: Mar 28, 2025
Changed: Oct 19
Last Checked: Oct 19 at 4:28PM
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 LA PREMIERE Realty
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Investment Insights
Based on property information with market context.
This retail space offers 1,873 square feet in a corner location with high visibility. Situated at the intersection of NW 7th Avenue and 62nd Street, just off I-95, the property benefits from a daily traffic count exceeding 35,000 vehicles and heavy pedestrian flow. A strong public transportation hub is located nearby. The property has been recently painted and upgraded. It is located in an Opportunity Zone with potential tax advantages. The space is suitable for retail, service, or other businesses seeking maximum exposure. The property is ready for business use.
Key Highlights
- High‑visibility corner location at a busy intersection (NW 7th Ave & 62nd St) with 35,000+ daily vehicle traffic.
- 1 Month Free Rent Move‑In Special.
- 1,873 SF of retail space ready for immediate occupancy after recent upgrades.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$339,242
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,784,840
$6.8M
Cap Rate 7%
$4,846,314
$4.8M
Cap Rate 9%
$3,769,356
$3.8M
Market Conditions
NOI Build-Up for 10,398 SF
Gross rent
$540.3K $51.96/SF
− Vacancy
−$55.6K −$5.35/SF
EGI
$484.6K $46.61/SF
− OpEx
−$145.4K −$13.98/SF
NOI
$339.2K $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%
$6,784,840
Cap Rate 7%
$4,846,314
Cap Rate 9%
$3,769,356
Alternative Uses
Best Use
Retail
$4.85M
$4.24M – $5.65M
NOI $339,242 @ 7.0% cap · market cap 9,977.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.02M
$6.14M – $8.19M
NOI $491,310 @ 7.0% cap · market cap 14,450.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,739
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility and strong transportation access.
Where is this retail space located?
The property is located at 6211 NW 7th Ave # 663 Miami, FL.
What are key features of this property?
This property features: High‑visibility corner location at a busy intersection (NW 7th Ave & 62nd St) with 35,000+ daily vehicle traffic.; 1 Month Free Rent Move‑In Special.; 1,873 SF of retail space ready for immediate occupancy after recent upgrades.**
