C-1 Zoned Office
13242 NW 7th Ave, North Miami, FL 33168
For Sale
$1,990,000
Under Contract
Commercial Sale, North Miami, FL
Property Size5,375 SF
Lot Size0.55 Acres
Price / SF$370.23
Days on Market138
Property Features for 13242 NW 7th Ave
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
The Keyes Company
(305) 443-7423
Listed By:
Carlos Villanueva JR · License FL #0638148
(305) 772-3897
Added: Jun 30
Changed: Nov 10
Last Checked: Nov 14 at 2:06AM
MLS# A11878179
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.
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Investment Insights
Based on property information with market context.
This office property was constructed in 1949 with block materials and is situated on a 0.5462-acre parcel. Interior finishes include ceramic tile and carpet, with central air conditioning and central electric heat. Public water and sewer serve the property.
The site is zoned C-1 and located in North Miami, Florida.
The site is zoned C-1 and located in North Miami, Florida.
Key Highlights
- 0.5462‑acre parcel
- C‑1 zoning
- Built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,992
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,999,840
$3.0M
Cap Rate 7%
$2,142,743
$2.1M
Cap Rate 9%
$1,666,578
$1.7M
Market Conditions
NOI Build-Up for 5,375 SF
Gross rent
$238.7K $44.40/SF
− Vacancy
−$38.7K −$7.19/SF
EGI
$200.0K $37.21/SF
− OpEx
−$50.0K −$9.30/SF
NOI
$150.0K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,999,840
Cap Rate 7%
$2,142,743
Cap Rate 9%
$1,666,578
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.50M
NOI $149,992 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.42M
NOI $205,461 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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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
$329,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Miami-Dade County, FL
Properties on Market for Office buildings in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Central heating and air conditioning support year-round office use.
Where is this office building 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: 0.5462‑acre parcel; C‑1 zoning; Built in 1949
