Office
New
For Sale
Contact for pricing
1879 NW 7th Street #3, Miami, FL 33125
On-site parking serves customers and employees, and water is included in the rent.
Property Size11,109 SF
Price / SF$0.15
Days on Market7
Property Features for 1879 NW 7th Street #3
General Information
Standard status
Active
Size
11,109 SF
Property subtype
Office
Site & Location
Neighborhood
West Little Havana
Utilities to Site
Yes
Additional Details
Property Use
Retail, Office, Service-Based
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: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 7:49AM
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.
Office Unit 3 was built in 1972 and has on-site parking for customers and employees. Water is included in the rent. The unit may be connected with Unit 2, adding 756 sqft and bringing the combined space to almost 1,500 sqft.
Key Highlights
- Unit 3 may connect with Unit 2, adding 756 sqft for almost 1,500 sqft total
- On‑site parking is available for customers and employees
- Water is included in the rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,373,780
$6.4M
Cap Rate 7%
$4,552,700
$4.6M
Cap Rate 9%
$3,540,989
$3.5M
Market Conditions
NOI Build-Up for 11,109 SF
Gross rent
$499.9K $45.00/SF
− Vacancy
−$75.0K −$6.75/SF
EGI
$424.9K $38.25/SF
− OpEx
−$106.2K −$9.56/SF
NOI
$318.7K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,373,780
Cap Rate 7%
$4,552,700
Cap Rate 9%
$3,540,989
Alternative Uses
Best Use
Office B
$4.55M
$3.98M – $5.31M
NOI $318,689 @ 7.0% cap · market cap 19,314.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.50M
$6.56M – $8.75M
NOI $524,905 @ 7.0% cap · market cap 31,812.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - On-site parking serves customers and employees, and water is included in the rent.
Where is this office unit located?
The property is located at 1879 NW 7th Street #3 Miami, FL.
What are key features of this property?
This property features: Unit 3 may connect with Unit 2, adding 756 sqft for almost 1,500 sqft total; On‑site parking is available for customers and employees; Water is included in the rent
