2410 NW 7th Ct, Miami, FL 33127

Building Details

Building Size 14,400 SF More

Listing Agency: Sterling One Realty, Inc.

Listed By: William Alvarez · License FL #0561107 Show Phone

Source: Casacollectiongroup

Added: Apr 2 Changed: Nov 9 Last Checked: Nov 8 at 12:56PM

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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 Sterling One Realty, Inc.

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Investment Insights

Based on property information with market context.

Set across four parcels totaling 14,400 SF, this C-2-zoned property includes two existing structures and two vacant lots. One structure contains five units, while the other is a single-family home. All units are rented, providing current occupancy across the improved portions of the site. The four-parcel layout combines occupied and undeveloped components within one assemblage.

The property fronts NW 7 CT and NW 7 PL within the WOW District. C-2 zoning allows commercial, industrial, housing, school, warehouse, multifamily, and entertainment uses. Existing improvements, vacant parcels, and frontage on two streets define the site's current configuration.

Key Highlights

• 14,400 SF of land arranged across 4 parcels
• C‑2 zoning with commercial, industrial, housing, school, warehouse, multifamily, and entertainment uses allowed
• Existing 5‑unit building and single‑family home

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$266,017

Cap Rate

8.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,320,340 $5.3M

Cap Rate 7%

$3,800,243 $3.8M

Cap Rate 9%

$2,955,744 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,400 SF

Gross rent

$518.4K $36.00/SF

− Vacancy

−$34.7K −$2.41/SF

EGI

$483.7K $33.59/SF

− OpEx

−$217.7K −$15.11/SF

NOI

$266.0K $18.47/SF

Area

Miami, FL

Vacancy

6.70%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,320,340

Cap Rate 7%

$3,800,243

Cap Rate 9%

$2,955,744

Alternative Uses

Best Use

Apartment 5plus

$3.80M

$3.33M – $4.43M (±1% cap)

NOI $266,017 @ 7.0% cap · market cap 8.58%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$9.72M

$8.51M – $11.34M (±1% cap)

NOI $680,406 @ 7.0% cap · market cap 21.95%

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

Open Analytics

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,634

Businesses Nearby

Explore this area Business Placement

Demographics for 33127, FL

27,692

Population

11,245

Households

2.5

Avg Household Size

37

Median Age

13%

College-Educated

69%

High-School Grad

3.3 sq mi

ZIP Area

8,392

Density / Sq Mi

$41,125

Median Household Income

$30,240

Median Earnings

$1,394

Median Rent

$398,800

Median Home Value

Market

Properties on Market for Commercial land in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Multi-parcel assemblage with existing rental occupancy, dual-street frontage, and varied commercial-use allowances.

Where is this commercial land located?

The property is located at 2410 NW 7th Ct Miami, FL.

What is the asking price?

The asking price for this property is $3,100,000.

What are key features of this property?

This property features: 14,400 SF of land arranged across 4 parcels; C‑2 zoning with commercial, industrial, housing, school, warehouse, multifamily, and entertainment uses allowed; Existing 5‑unit building and single‑family home