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    High-Visibility Retail Storefront Title is generated by Realmo AI

    7035 SW 87th Ave, Miami, FL 33173

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    Prominent storefront with SW 87th Ave frontage and ample on-site parking for customers and staff.

    Type:Single Tenant or Freestanding Building
    Property size:
    4,006 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:27 am

    Property Features for 7035 SW 87th Ave

    General Information

    Standard status
    Active
    Size
    4,006 SF
    Property subtype
    Single Tenant or Freestanding Building

    Spaces For Lease

    at 7035 SW 87th Ave Contact us

    We can help!

    Listing Contact
    Katie Fernandez-Espinosa

    Listing agent Katie Fernandez-Espinosa

    Listing office The Shopping Center Group | Miami

    Listing date Jun 2, 2026

    Source Theshoppingcentergroup

    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 Shopping Center Group | Miami

    HighLights

    • Prominent storefront with frontage on SW 87th Ave in Miami, FL
    • 4,006 SF available space
    • Ample on‑site parking with 36 spaces total for customers and employees
    • Includes a large pylon sign

    Overview

    This high-visibility retail storefront is available for lease with 4,006 square feet of space and strong street presence supported by a large pylon sign. The property is configured to support customer-oriented retail use, and the site is designed for convenient arrival with ample parking for both customers and employees.

    The asset is positioned for visibility along SW 87th Ave in a prime Miami location. On-site parking totals 36 spaces, helping reduce friction for day-to-day access and turnover.

    With its frontage, dedicated signage, and customer-friendly parking, the space is well suited for retailers that benefit from walk-in and pass-by exposure. The size can accommodate a range of storefront concepts, and the existing retail orientation makes it a practical option for an operator looking for a prominent location with straightforward on-site access.
    Location Intelligence

    Current Use by Public Records

    Julius Martinez Pharmacy Tania Faife Pharmacy Locatel Medical Equipment ... Beauty Product Supplier

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Omega Pharmacy — 9537 SW 72nd St, Miami, FL 33173
    • Reimbursement Prescription — 9401 SW 78th St, Miami, FL 33173
    • Julius Martinez — 7035 SW 87th Ave, Miami, FL 331732505
    • Tania Faife — 7035 SW 87th Ave, Miami, FL 331732505

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.333858
    Latitude
    25.703696

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    FAQs

    What type of property is this?
    Drug store - Prominent storefront with SW 87th Ave frontage and ample on-site parking for customers and staff.
    Where is this drug store located?
    The property is located at 7035 SW 87th Ave Miami, FL.
    What are key features of this property?
    This property features: Prominent storefront with frontage on SW 87th Ave in Miami, FL; 4,006 SF available space; Ample on‑site parking with 36 spaces total for customers and employees
    (786) 280-8870
    We can help!
    Listing Contact
    Katie Fernandez-Espinosa
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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