Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Miami Retail/Office Opportunity Title is generated by Realmo AI

    13242 NW 7th Ave, North Miami, FL 33168

    View on Map
    Claim this Listing
    For Sale
    $1,990,000

    Retail, Detached - North Miami, FL

    Type:Retail
    Property size:
    5,357 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $371/SF
    Added:
    Feb 10, 2026
    Days on Market:
    92
    Last Refresh:
    May 13 at 3:06 am

    Property Features for 13242 NW 7th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    6600
    Standard status
    Active
    APN
    06-21-26-020-0280
    Size
    5,357 SF
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1949
    Number of units
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Composition, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Carlos Villanueva JR

    Listing agent Carlos Villanueva JR License #0638148

    Listing office The Keyes Company 2423 S Le Jeune Rd, Miami, FL

    Listing date Feb 10, 2026

    MLS# A11878179 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious 5,357 SF building offers versatile space.
    • Zoned C‑1, suitable for office building or redevelopment.
    • Prime location in the heart of North Miami.
    • Ideal for creating a dynamic office environment.
    • Built in 1949, combining charm with modern potential.
    • Central air conditioning.

    Overview

    This property in North Miami presents an investment opportunity with a 5,357 SF building. Constructed in 1949, the property is zoned C-1. This space offers possibilities for an office building or redevelopment. The property is located in a coveted area and presents an ideal canvas for creating a dynamic office environment. The property is poised to cater to the needs of a variety of businesses. The lot size is 0.5462 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    North Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2094
    Latitude
    25.8925

    Nearby Similar for Sale

    • $515,000
      1,032 SF

      Remodeled Turn-Key North Miami Office

      Ready-to-use office space with city skyline views.
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
    • $2,100,000
      7,742 SF

      North Miami Retail Investment Opportunity

      Fully leased retail center with value-add potential in North Miami.
      12985 W Dixie Hwy, North Miami, FL 33161
      View Details
    • $7,850,000
      11,000 SF

      North Miami Industrial Warehouse For Sale

      11,000 SF warehouse with direct I-95 exposure in North Miami.
      660 NW 137th St, North Miami, FL 33168
      View Details
    • $700,000

      Renovated Office Condo in North Miami

      Fully renovated office condo in a prime North Miami location.
      12550 Biscayne Boulevard, North Miami, FL 33181
      View Details
    • $1,900,000

      North Miami Gas Station Opportunity

      Gas station and C-store on busy corner lot for sale.
      1601 NW 119 St, North Miami, FL 33167
      View Details
    • $150,000

      Established Lighting Store Business Opportunity

      Profitable lighting and electrical store with loyal customer base.
      2178 NE 123rd St, North Miami, FL 33181
      View Details
    • $675,000
      2,000 SF

      North Miami Fourplex Investment Opportunity

      Income-producing fourplex in North Miami, near shopping and beaches.
      551-553 NE 133rd St, North Miami, FL 33161
      View Details
    • $2,850,000

      Flex/Industrial Asset on I-95

      High-visibility flex/industrial building with leasing upside in North Miami.
      625 NW 121st St, North Miami, FL 33168
      View Details
    • $110,000

      North Miami Restaurant Opportunity

      Restaurant with licenses in place near North Bayshore Park.
      Restaurant For Sale In North Miami Beach Area, North Miami, FL 33181
      View Details
    • $325,000

      Office - North Miami, FL

      Furnished office suites with amenities, located near Aventura Mall.
      13499 Biscayne Blvd, North Miami, FL 33181
      View Details
    • $599,000

      Turnkey Restaurant Opportunity, North Miami

      Established restaurant with fully equipped kitchen in prime North Miami.
      Biscayne blvd, North Miami, FL 33181
      View Details
    • $1,650,000
      3,646 SF

      North Miami Mixed-Use Property

      Commercial property with restaurant, kitchen, and apartment units for sale.
      Commercial Property For Sale In North Miami, North Miami, FL 33161
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious building in North Miami, ideal for office or redevelopment.
    Where is this retail space located?
    The property is located at 13242 NW 7th Ave North Miami, FL.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: Spacious 5,357 SF building offers versatile space.; Zoned C‑1, suitable for office building or redevelopment.; Prime location in the heart of North Miami.
    (800) 438-3973
    We can help!
    Listing Contact
    Carlos Villanueva JR
    Real Estate License ID: 0638148
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13242 NW 7th Ave, North Miami, FL 33168
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!