Retail
12208 NW 7th Avenue, North Miami, FL 33168
For Sale
Contact for pricing
The property offers 7,440 square feet of retail space in North Miami.
Property Size7,440 SF
Price / SF$0.00
Days on Market754
Property Features for 12208 NW 7th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
CMV Realty LLC
Listed By:
Gus Martinez · License #3033300
(954) 394-7078
Source:
Diannalantiguarealty
Added: Oct 15, 2024
Changed: Nov 6
Last Checked: Nov 7 at 3:51PM
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 CMV Realty LLC
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Investment Insights
Based on property information with market context.
This 7,440-square-foot retail property is located at 12208 NW 7th Avenue in North Miami, Florida.
Key Highlights
- 7,440‑square‑foot retail property in North Miami
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,804
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,080
$2.5M
Cap Rate 7%
$1,797,200
$1.8M
Cap Rate 9%
$1,397,822
$1.4M
Market Conditions
NOI Build-Up for 7,440 SF
Gross rent
$196.4K $26.40/SF
− Vacancy
−$16.7K −$2.24/SF
EGI
$179.7K $24.16/SF
− OpEx
−$53.9K −$7.25/SF
NOI
$125.8K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,080
Cap Rate 7%
$1,797,200
Cap Rate 9%
$1,397,822
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.10M
NOI $125,804 @ 7.0% cap · market cap 524,183.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,224 @ 7.0% cap · market cap 1,100,933.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Miami-Dade County, FL
Properties on Market for Retail space in Miami-Dade County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The property offers 7,440 square feet of retail space in North Miami.
Where is this retail space located?
The property is located at 12208 NW 7th Avenue North Miami, FL.
What are key features of this property?
This property features: 7,440‑square‑foot retail property in North Miami
