Stand-Alone Retail
For Sale
Contact for pricing
3401 NW 7th Ave, Miami, FL 33127
Stand-alone retail building for sale with a 6,000 sq ft lot included in the sale price.
Property Size3,260 SF
Lot Size0.14 Acres
Price / SF$812.88
Days on Market1408
Property Features for 3401 NW 7th Ave
General Information
Standard status
Active
Size
3,260 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
No
Listing Agency:
RE/MAX Realty Associates
(954) 383-2328
Listed By:
Marc Oram · License #0574688
(954) 383-2328
Source:
Moodyscre
Added: Sep 23, 2022
Changed: Jul 28
Last Checked: Jul 30 at 1:29PM
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 RE/MAX Realty Associates
Investment Insights
Based on property information with market context.
This stand-alone retail building totals 3,260 square feet and includes a 6,000 square foot lot in the sale price. The property is also available for lease.
Located on a corner lot in the Red Hot WOW (West of Wynwood) neighborhood, the site is described as one block west of I-95 on Hwy 441 (NW 7 Ave), just south of the Hwy 112, I-95 and I-195 interchange.
The offering is structured for tenants or buyers seeking a stand-alone retail asset with an included lot component, positioned for high visibility at a corner location in the WOW area.
Located on a corner lot in the Red Hot WOW (West of Wynwood) neighborhood, the site is described as one block west of I-95 on Hwy 441 (NW 7 Ave), just south of the Hwy 112, I-95 and I-195 interchange.
The offering is structured for tenants or buyers seeking a stand-alone retail asset with an included lot component, positioned for high visibility at a corner location in the WOW area.
Key Highlights
- 3260 sq ft stand‑alone building for sale
- 6,000 sq ft lot included in the sales price
- Corner lot in the Red Hot WOW (West of Wynwood) neighborhood
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.4k | $51.96 |
| − Vacancy | −$17.4k | −$5.35 |
| EGI | $151.9k | $46.61 |
| − OpEx | −$45.6k | −$13.98 |
| NOI | $106.4k | $32.63 |
3,260 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,360 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.20M
$1.93M – $2.57M
NOI $154,036 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,854
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Floral shop — 21 NE 22nd St, Miami, FL 33137
- Kpola Florist — 382 NW 24th St, Miami, FL 33127
- Mbi — 584 NW 26th St, Miami, FL 33127
- Flower Fairy Miami — 2214 n miami ave, miami, fl 33127
- Fiction Events — 1401 NW 22nd St Unit 1, Miami, FL 33142
Frequently Asked Questions
What type of property is this?
Storefront property - Stand-alone retail building for sale with a 6,000 sq ft lot included in the sale price.
Where is this storefront property located?
The property is located at 3401 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 3260 sq ft stand‑alone building for sale; 6,000 sq ft lot included in the sales price; Corner lot in the Red Hot WOW (West of Wynwood) neighborhood
