Mixed-Use Investment with Two
2244 Northwest 7th Street Miami, FL 33125
2244 Northwest 7th Street, Miami, FL, 33125
$1,200,000
For Sale
$1,200,000
Two contiguous parcels are conveyed as a single package, with a fully leased office building plus apartments and a house.
Property Size1,936 SF
Price / SF$619.83
Days on Market464
Property Features for 2244 Northwest 7th Street
General Information
- Standard status
- Active
- Size
- 1,936 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1926
Listing agency
A Plus Realty Group, Corp
(786) 344-2269
Listed by
Wilmer Garcia · License #3628507
(786) 344-2269
Source
Compass
Added: Apr 15, 2025 Updated: Jul 22 at 3:48AM Checked: Jul 22 at 3:48AM
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 A Plus Realty Group, Corp
Investment Insights
Based on property information with market context.
This income-generating mixed-use offering consists of two contiguous parcels that are sold together as a single package, despite being listed separately under folios 01-4103-029-0080 and 01-4103-029-0070. Parcel .0080 includes a fully leased office building along with one-bedroom and studio apartments, generating monthly income across multiple units. Parcel .0070 features a 3-bed/1-bath house plus a studio and two one-bedroom apartments. Combined monthly income totals $19,090.
Zoning is T6-8-0, which permits mixed-use development and provides future redevelopment potential. The property is offered at 2244 Northwest 7th Street, Miami, FL 33125.
For convenience, the unit mix is specifically structured across office space, apartments, and a house, creating a diversified stream of rental income within the same combined parcel package. Contact the listing agent for full financials and showing instructions.
Zoning is T6-8-0, which permits mixed-use development and provides future redevelopment potential. The property is offered at 2244 Northwest 7th Street, Miami, FL 33125.
For convenience, the unit mix is specifically structured across office space, apartments, and a house, creating a diversified stream of rental income within the same combined parcel package. Contact the listing agent for full financials and showing instructions.
Key Highlights
- 1926 mixed‑use property on two contiguous parcels conveyed as one package (folios 01‑4103‑029‑0080 & 01‑4103‑029‑0070).
- Parcel .0080 is fully leased with a leased office building ($8,240/mo), 1BD ($2,000/mo), and studio ($1,100/mo).
- Parcel .0070 includes a 3BD/1BA house ($2,500/mo), a studio ($1,250/mo), and two 1BD apartments ($2,000/mo each).
Local Financial Insights For Office B
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 | $87.1k | $45.00 |
| − Vacancy | −$13.1k | −$6.75 |
| EGI | $74.1k | $38.25 |
| − OpEx | −$18.5k | −$9.56 |
| NOI | $55.5k | $28.69 |
1,936 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$793.4K
$694.2K – $925.7K
NOI $55,539 @ 7.0% cap · market cap 4.63%
Second Best
Mixed Use
$653.4K
$571.7K – $762.3K
NOI $45,738 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,477 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two contiguous parcels are conveyed as a single package, with a fully leased office building plus apartments and a house.
Where is this mixed-use property located?
The property is located at 2244 Northwest 7th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1926 mixed‑use property on two contiguous parcels conveyed as one package (folios 01‑4103‑029‑0080 & 01‑4103‑029‑0070).; Parcel .0080 is fully leased with a leased office building ($8,240/mo), 1BD ($2,000/mo), and studio ($1,100/mo).; Parcel .0070 includes a 3BD/1BA house ($2,500/mo), a studio ($1,250/mo), and two 1BD apartments ($2,000/mo each).
