Retail Space with On-Site
New
For Sale
Contact for pricing
3-1879 Nw 7th St, Miami, FL 33130
Unit 3 has parking for customers and employees, with water included in rent.
Property Size11,109 SF
Price / SF$0.15
Days on Market3
Property Features for 3-1879 Nw 7th St
General Information
Standard status
Active
Size
11,109 SF
Site & Location
Neighborhood
Brickell Village
Taxes and HOA fees
Annual Taxes
$35,958
Listing Agency:
Avenew Realty Corp
(786) 888-0198
Listed By:
Jollymar Babikian Tahan · License #3509853
(786) 961-3100
Source:
Exprealty
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:02AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 3 is a retail space with on-site parking for customers and employees. Water is included in the rent.
The space may be connected to Unit 2, adding 756 square feet.
The space may be connected to Unit 2, adding 756 square feet.
Key Highlights
- On‑site parking serves customers and employees
- Water is included in the rent
- Connecting Unit 2 would add 756 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$362,439
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,248,780
$7.2M
Cap Rate 7%
$5,177,700
$5.2M
Cap Rate 9%
$4,027,100
$4.0M
Market Conditions
NOI Build-Up for 11,109 SF
Gross rent
$577.2K $51.96/SF
− Vacancy
−$59.5K −$5.35/SF
EGI
$517.8K $46.61/SF
− OpEx
−$155.3K −$13.98/SF
NOI
$362.4K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,248,780
Cap Rate 7%
$5,177,700
Cap Rate 9%
$4,027,100
Alternative Uses
Best Use
Retail
$5.18M
$4.53M – $6.04M
NOI $362,439 @ 7.0% cap · market cap 21,966.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
19,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Unit 3 has parking for customers and employees, with water included in rent.
Where is this retail space located?
The property is located at 3-1879 Nw 7th St Miami, FL.
What are key features of this property?
This property features: On‑site parking serves customers and employees; Water is included in the rent; Connecting Unit 2 would add 756 square feet
