Building Details

Building Size 5,915 SF

Year Built 1992

Buildings 1

Listing Agency: Fausto Commercial Realty Consultants Inc

Listed By: Ernesto Diaz · License #3124735 Show Phone

Source: Urdapilletarealestate

Added: Apr 14 Changed: Nov 1 Last Checked: Nov 5 at 10:15AM

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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 Fausto Commercial Realty Consultants Inc

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Investment Insights

Based on property information with market context.

This automotive property at 3030 NW 79th St in Miami includes a 5,915-square-foot building on a 29,000-square-foot lot. The site is asphalt paved, and the property dates to 1992.

NW 79th St is described as a major east-west corridor. The property is presented for automotive or similar commercial uses.

Key Highlights

• 5,915‑square‑foot building
• 29,000‑square‑foot lot with asphalt paving
• Located on NW 79th St, a major east‑west corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,466

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,589,320 $1.6M

Cap Rate 7%

$1,135,229 $1.1M

Cap Rate 9%

$882,956 $883.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,915 SF

Gross rent

$119.2K $20.16/SF

− Vacancy

−$5.7K −$0.97/SF

EGI

$113.5K $19.19/SF

− OpEx

−$34.1K −$5.76/SF

NOI

$79.5K $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%

$1,589,320

Cap Rate 7%

$1,135,229

Cap Rate 9%

$882,956

Alternative Uses

Best Use

Retail

$2.76M

$2.41M – $3.22M (±1% cap)

NOI $192,981 @ 7.0% cap · market cap 1,135.18%

Second Best

Industrial

$1.14M

$993.3K – $1.32M (±1% cap)

NOI $79,466 @ 7.0% cap · market cap 467.45%

Theoretical Best

Specialty Retail

$3.99M

$3.49M – $4.66M (±1% cap)

NOI $279,486 @ 7.0% cap · market cap 1,644.04%

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

Montana Capital Car ... Loan Service U-Haul Neighborhood Dealer Car Rental Facility Bass Systems Miami Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Acupuncture Gym & Fitness Center

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,264

Businesses Nearby

85k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 49% Shops & Services 39% Dining 10% Electronics 2%

Ross Dress for Less Apparel

36,755 visits/mo 0.5 miles

dd's DISCOUNTS Shops & Services

21,552 visits/mo 0.5 miles

7-Eleven Shops & Services

11,643 visits/mo 0.4 miles

DTLR/VILLA Apparel

4,721 visits/mo 0.5 miles

Wingstop Dining

4,136 visits/mo 0.5 miles

Demographics for 33147, FL

48,823

Population

16,220

Households

3

Avg Household Size

39

Median Age

15%

College-Educated

77%

High-School Grad

7.2 sq mi

ZIP Area

6,781

Density / Sq Mi

$47,728

Median Household Income

$33,385

Median Earnings

$1,359

Median Rent

$301,300

Median Home Value

Market

Average Price Trend$/SF for Auto shops in Miami, FL

$497 Jul

$497 Aug

$483 Sep

$454 Oct

Properties on Market for Auto shops in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

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Similar Off Market Nearby

• Rublico Tires Corporation — 1090 E 15th St, Hialeah, FL 33010
• Mecanico claudio — 6700 NW 37th Ave, Miami, FL 33147
• A Excellent Paint Body Shp Inc — 6871 NW 37th Ct, Miami, FL 33147
• carautoservice — 6700 NW 37th Ave, Miami, FL 33147
• Sabinos' Auto Repair Service — 6703 NW 37th Ave, Miami, FL 33147

Frequently Asked Questions

What type of property is this?

Auto shop - The property combines an asphalt-paved site with space suited to automotive or related commercial activity.

Where is this auto shop located?

The property is located at 3030 NW 79th St Miami, FL.

What are key features of this property?

This property features: 5,915‑square‑foot building; 29,000‑square‑foot lot with asphalt paving; Located on NW 79th St, a major east‑west corridor