Retail Storefront with Flexible
For Sale
Contact for pricing
18201 NW SEVENTH AVE, Miami Gardens, FL 33169
For-sale storefront property configured to support retail, office, or medical uses at a compact size.
Property Size2,156 SF
Price / SF$515.31
Days on Market63
Property Features for 18201 NW SEVENTH AVE
General Information
Standard status
Active
Size
2,156 SF
Total Parking Spaces
11
Property subtype
Retail, Office, Mixed Use
Zoning
6500 - COMMERCIAL | Mix Use | Medical | Professional
Building Details
Year Built
1971
Buildings
1
Stories
3
Units
8
Listing Agency:
NIVGlobal RE
Listed By:
Niv Y. Habari · License #FL 3011847
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 10 at 2:08PM
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 NIVGlobal RE
Investment Insights
Based on property information with market context.
This for-sale commercial storefront property is sized at 2,156 square feet and is offered at $1,111,000. Based on the property’s recorded classifications, it may be suitable for retail and convenience-oriented operations as well as professional use as office and medical office space. The asset’s compact footprint can work well for users looking for an established, street-level type configuration rather than a larger multi-tenant format.
The property is located at 18201 NW SEVENTH AVE in Miami Gardens, FL. As a storefront property, it is positioned to serve customers and clients arriving by vehicle or on foot, depending on the specific layout and frontage conditions at the site.
Because the available data reflects multiple commercial categories, interested buyers or tenants should evaluate the interior buildout and access points to confirm fit for their intended use, including retail merchandising or a professional service setup for office or medical-related operations. Prospective users should also verify any applicable requirements for their specific business plan during due diligence.
The property is located at 18201 NW SEVENTH AVE in Miami Gardens, FL. As a storefront property, it is positioned to serve customers and clients arriving by vehicle or on foot, depending on the specific layout and frontage conditions at the site.
Because the available data reflects multiple commercial categories, interested buyers or tenants should evaluate the interior buildout and access points to confirm fit for their intended use, including retail merchandising or a professional service setup for office or medical-related operations. Prospective users should also verify any applicable requirements for their specific business plan during due diligence.
Key Highlights
- Year built 1971
- Storefront property configured to support retail, office, or medical uses
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
$32,707
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
2.94%
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%
$654,140
$654.1K
Cap Rate 7%
$467,243
$467.2K
Cap Rate 9%
$363,411
$363.4K
Market Conditions
NOI Build-Up for 2,156 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
$55.6K $25.80/SF
− Vacancy
−$12.0K −$5.57/SF
EGI
$43.6K $20.23/SF
− OpEx
−$10.9K −$5.06/SF
NOI
$32.7K $15.17/SF
Area
Miami Gardens, FL
Vacancy
21.60%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
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%
$654,140
Cap Rate 7%
$467,243
Cap Rate 9%
$363,411
Alternative Uses
Best Use
Office B
$467.2K
$408.8K – $545.1K
NOI $32,707 @ 7.0% cap · market cap 2.94%
Second Best
Healthcare Medical
$448.8K
$392.7K – $523.7K
NOI $31,419 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$641.9K
$561.6K – $748.9K
NOI $44,931 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For-sale storefront property configured to support retail, office, or medical uses at a compact size.
Where is this grocery and convenience store located?
The property is located at 18201 NW SEVENTH AVE Miami Gardens, FL.
What is the asking price?
The asking price for this property is $1,111,000.
What are key features of this property?
This property features: Year built 1971; Storefront property configured to support retail, office, or medical uses
