Equipped Automotive Repair
New
For Sale
Contact for pricing
2797 NW 7th Ave, Miami, FL 33127
Installed lifts, machinery, tools, and service equipment are included with the property.
Property Size1,535 SF
Price / SF$7.82
Days on Market5
Property Features for 2797 NW 7th Ave
General Information
Standard status
Active
Size
1,535 SF
Property subtype
Industrial
Site & Location
Neighborhood
Santa Clara
Additional Details
Automotive Uses
auto repair
Building Details
Building Size
1,535 SF
Year Built
1940
Listing Agency:
City Property Realty
Listed By:
Jorge Llaguno · License #0656878
(786) 978-1911
Source:
Casacollectiongroup
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 11:43AM
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 City Property Realty
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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 automotive repair property includes vehicle lifts, machinery, tools, and other service equipment. The building dates to 1940, and the property is near Wynwood in Miami.
Key Highlights
- Automotive lifts, machinery, tools, and service equipment included
- Building constructed in 1940
- Near Wynwood in Miami
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,622
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,440
$412.4K
Cap Rate 7%
$294,600
$294.6K
Cap Rate 9%
$229,133
$229.1K
Market Conditions
NOI Build-Up for 1,535 SF
Gross rent
$30.9K $20.16/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$29.5K $19.19/SF
− OpEx
−$8.8K −$5.76/SF
NOI
$20.6K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,440
Cap Rate 7%
$294,600
Cap Rate 9%
$229,133
Alternative Uses
Best Use
Retail
$715.4K
$626.0K – $834.7K
NOI $50,080 @ 7.0% cap · market cap 417.33%
Second Best
Industrial
$294.6K
$257.8K – $343.7K
NOI $20,622 @ 7.0% cap · market cap 171.85%
Theoretical Best
Specialty Retail
$1.04M
$906.6K – $1.21M
NOI $72,529 @ 7.0% cap · market cap 604.41%
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
Current Use
Location Intelligence
Trade Area within ½ mile
3,821
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- No Limit Auto Body Miami — 1450 NW 21st St, Miami, FL 33142
- DOWNTOWN TOWING COMPANY — 1451 NW 20th St, Miami, FL 33142
- Lozano Auto Repair — 2005 NW 10th Ave, Miami, FL 33127
- Synchronic Transmission Expert — 60 NW 20th St, Miami, FL 33136
- Miami Clutch & Transmission — 60 NW 20th St, Miami, FL 33127
Frequently Asked Questions
What type of property is this?
Auto shop - Installed lifts, machinery, tools, and service equipment are included with the property.
Where is this auto shop located?
The property is located at 2797 NW 7th Ave Miami, FL.
What are key features of this property?
This property features: Automotive lifts, machinery, tools, and service equipment included; Building constructed in 1940; Near Wynwood in Miami
