Retail Spaces in Little
For Sale
Contact for pricing
1879 NW 7th Street #2, Miami, FL 33125
Retail spaces available in the heart of Miami's Little Havana.
Property Size11,109 SF
Price / SF$0.15
Days on Market269
Property Features for 1879 NW 7th Street #2
General Information
Standard status
Active
Size
11,109 SF
Property subtype
Business
Building Details
Year Built
1972
Listing Agency:
Avenew Realty Corp
(786) 888-0198
Listed By:
Jollymar Babikian Tahan · License #3509853
(786) 961-3100
Source:
Lehmannflorida
Added: Jan 26
Changed: Oct 21
Last Checked: Oct 20 at 11:11PM
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 Avenew Realty Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in the Little Havana area of Miami, offering an opportunity for lease. The property is positioned minutes from Downtown/Brickell, Wynwood/Midtown, the Hospital District, the Airport, Coral Gables, and Miami Beach. It is also located close to Marlins Stadium. The property features seven retail spaces.
Key Highlights
- Seven retail spaces available, offering diverse opportunities.
- Located in the heart of Little Havana.
- Mixed‑use commercial property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,450
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,249,000
$5.2M
Cap Rate 7%
$3,749,286
$3.7M
Cap Rate 9%
$2,916,111
$2.9M
Market Conditions
NOI Build-Up for 11,109 SF
Gross rent
$466.6K $42.00/SF
− Vacancy
−$46.7K −$4.20/SF
EGI
$419.9K $37.80/SF
− OpEx
−$157.5K −$14.18/SF
NOI
$262.5K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,249,000
Cap Rate 7%
$3,749,286
Cap Rate 9%
$2,916,111
Alternative Uses
Best Use
Retail
$5.18M
$4.53M – $6.04M
NOI $362,439 @ 7.0% cap · market cap 21,319.94%
Second Best
Mixed Use
$3.75M
$3.28M – $4.37M
NOI $262,450 @ 7.0% cap · market cap 15,438.24%
Theoretical Best
Specialty Retail
$7.50M
$6.56M – $8.75M
NOI $524,905 @ 7.0% cap · market cap 30,876.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail spaces available in the heart of Miami's Little Havana.
Where is this mixed-use property located?
The property is located at 1879 NW 7th Street #2 Miami, FL.
What are key features of this property?
This property features: Seven retail spaces available, offering diverse opportunities.; Located in the heart of Little Havana.; Mixed‑use commercial property.
