Auto Shop with 3 Service
New
For Sale
$1,300,000
14415 NW 7th Ave, Miami, FL 33168
Established automotive facility with office, shower-equipped bathroom, storage, and a covered exterior work area.
Property Size2,572 SF
Lot Size0.16 Acres
Price / SF$505.44
Days on Market6
Property Features for 14415 NW 7th Ave
General Information
Standard status
Active
Size
2,572 SF
Lot size
0.16 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
3
Amenities
office
bathroom with shower
warehouse/service bays
storage space
exterior covered work area
Building Details
Year Built
1986
Buildings
1
Building Size
2,572 SF
Listing Agency:
MOTION REALTY GROUP LLC
Listed By:
ABINA HARRIS · License #A12066075
Source:
Corcoran
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 11 at 8:03AM
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 MOTION REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This automotive property includes a 2,572-square-foot building arranged for service and support operations. The interior contains an office, a bathroom with shower, three warehouse or service bays, and additional storage. A covered work area extends the usable operating space outside the building, while the property is currently used as an auto mechanic shop and tow yard.
The 6,846-square-foot lot fronts NW 7th Avenue in Miami, providing visibility and access for customers, commercial vehicles, and fleet activity. The site also offers outdoor area for vehicle parking, equipment storage, or staging. Built in 1986, the property combines an automotive-oriented layout with office and service infrastructure in an established business corridor.
The 6,846-square-foot lot fronts NW 7th Avenue in Miami, providing visibility and access for customers, commercial vehicles, and fleet activity. The site also offers outdoor area for vehicle parking, equipment storage, or staging. Built in 1986, the property combines an automotive-oriented layout with office and service infrastructure in an established business corridor.
Key Highlights
- 2,572‑square‑foot building with office, bathroom with shower, storage, and three warehouse/service bays
- 6,846‑square‑foot lot on NW 7th Avenue in Miami
- Currently operating as an auto mechanic shop and tow yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,913
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,678,260
$1.7M
Cap Rate 7%
$1,198,757
$1.2M
Cap Rate 9%
$932,367
$932.4K
Market Conditions
NOI Build-Up for 2,572 SF
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.
Gross rent
$133.6K $51.96/SF
− Vacancy
−$13.8K −$5.35/SF
EGI
$119.9K $46.61/SF
− OpEx
−$36.0K −$13.98/SF
NOI
$83.9K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,678,260
Cap Rate 7%
$1,198,757
Cap Rate 9%
$932,367
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,913 @ 7.0% cap · market cap 6.45%
Second Best
Warehouse
$599.4K
$524.5K – $699.3K
NOI $41,958 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,528 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Alex Tires Services Inc — 13360 NW 7th Ave, North Miami, FL 33168
- Russo Tires — 13600 NW 7th Ave, Miami, FL 33168
- Jackwill Auto Care Center — 13360 NW 7th Ave, North Miami, FL 33168
- Golden Glades Mobile Windshield Replacement Co. — 13490 nw 7th ave, north miami, fl 33168
- Almar Diesel Services Inc — 13405 NW 6th Ave, North Miami, FL 33168
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with office, shower-equipped bathroom, storage, and a covered exterior work area.
Where is this auto shop located?
The property is located at 14415 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,572‑square‑foot building with office, bathroom with shower, storage, and three warehouse/service bays; 6,846‑square‑foot lot on NW 7th Avenue in Miami; Currently operating as an auto mechanic shop and tow yard
