Renovated Street-Retail Showroom
170 NE 79th Street Miami, FL 33138
170 NE 79th Street, Miami, FL, 33138
$2,125,000
Pending
For Sale
$2,125,000
Pending
Vacant, renovated storefront with subdivided interior, loading door, and motorized gated access to on-site parking.
Property Size3,060 SF
Days on Market43
Property Features for 170 NE 79th Street
General Information
- Standard status
- Pending
- Size
- 3,060 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
THE ALPHA COMMERCIAL ADVISORS LLC
(609) 226-6390
Listed by
STEFFANIE JACOBSON · License #A12002033
Source
Corcoran
Added: Jun 9 Updated: Jul 21 at 2:53AM Checked: Jul 21 at 2:53AM
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 ALPHA COMMERCIAL ADVISORS LLC
Investment Insights
Based on property information with market context.
Vacant and delivered ready for immediate occupancy, this renovated street-retail building is set up with a subdivided floor plan and high ceilings. The recent improvements include new HVAC systems, updated plumbing, renovated flooring, and modernized interiors, supported by up-to-date building recertification. A loading door and motorized gated access provide controlled entry to a secure on-site parking lot.
The property is positioned at 170 NE 79th Street in Miami, located along the NE 79th Street corridor, described as experiencing ongoing development and high activity.
The property is positioned at 170 NE 79th Street in Miami, located along the NE 79th Street corridor, described as experiencing ongoing development and high activity.
Key Highlights
- Vacant street‑retail building renovated and ready for immediate occupancy
- Extensive renovations include new HVAC, new flooring, updated plumbing, and modernized interiors
- High ceilings with a subdivided interior floor plan for flexible tenant use
Local Financial Insights For Retail
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 | $159.0k | $51.96 |
| − Vacancy | −$16.4k | −$5.35 |
| EGI | $142.6k | $46.61 |
| − OpEx | −$42.8k | −$13.98 |
| NOI | $99.8k | $32.63 |
3,060 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.66M
NOI $99,835 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,586 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
79 Pictures
(Bike/Boat/Book/etc) Store
Archive 79
Art Gallery
Studio 79
Recording Studio
MYami Studios
Recording Studio
Similar For Sale Nearby
Similar Off Market Nearby
- Warehouse 12 Events — 7622 NE 4th Ct, Miami, FL 33138
- Aroma Corp FloristerÃa — 570 NW 79th St, Miami, FL 33150
- Rose Coloured — 7338 NW Miami Ct, Miami, FL 33150
- Zoom Bloomz — 7580 NE 4th Ct Suite 109, Miami, FL 33138
- roots & roots — 7050 NE 3rd Ave, Miami, FL 33138, United States
FAQs
What type of property is this?
Storefront property - Vacant, renovated storefront with subdivided interior, loading door, and motorized gated access to on-site parking.
Where is this storefront property located?
The property is located at 170 NE 79th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: Vacant street‑retail building renovated and ready for immediate occupancy; Extensive renovations include new HVAC, new flooring, updated plumbing, and modernized interiors; High ceilings with a subdivided interior floor plan for flexible tenant use
