Retail Space on 79th
New
For Sale
Contact for pricing
3060 NW 79th St, Miami, FL 33147
The storefront faces a corridor with a 264-unit rental development across the street.
Property Size800 SF
Price / SF$2.50
Days on Market3
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Property Features for 3060 NW 79th St
General Information
Standard status
Active
Size
800 SF
Property subtype
Retail
Amenities
Square Feet: 11600
Parcel Number: 30-31-09-019-0040, Tax Legal Description: SMITH PARK PB 22-25 LOTS 15 & 16 LOT SIZE 50 X 116 OR 11805-1056 0583 1
Business Type: Retail Space, Special Listing Conditions: Lease, Standard Status: Active
Year Built: 1946, Building Area Total: 2700
County Or Parish: Miami-Dade County
Current Use: Retail, Leasable Area Units: Square Feet, Leasable Area: 800
Building Details
Year Built
1946
Listing Agency:
Global Investments Realty
(305) 635-3005
Listed By:
Louis McMillian · License #3151122
(305) 496-8400
Source:
Riserealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:47AM
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 Global Investments Realty
Investment Insights
Based on property information with market context.
This 800-square-foot retail space is in a building constructed in 1946 and fronts NW 79th Street in Miami. The location places the storefront across from a 264-unit rental development.
Key Highlights
- 800 SF retail space
- Frontage on NW 79th Street
- Across from a 264‑unit rental development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,101
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,020
$522.0K
Cap Rate 7%
$372,871
$372.9K
Cap Rate 9%
$290,011
$290.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$41.6K $51.96/SF
− Vacancy
−$4.3K −$5.35/SF
EGI
$37.3K $46.61/SF
− OpEx
−$11.2K −$13.98/SF
NOI
$26.1K $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%
$522,020
Cap Rate 7%
$372,871
Cap Rate 9%
$290,011
Alternative Uses
Best Use
Retail
$372.9K
$326.3K – $435.0K
NOI $26,101 @ 7.0% cap · market cap 1,305.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 1,890.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
85k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - The storefront faces a corridor with a 264-unit rental development across the street.
Where is this retail space located?
The property is located at 3060 NW 79th St Miami, FL.
What are key features of this property?
This property features: 800 SF retail space; Frontage on NW 79th Street; Across from a 264‑unit rental development
