For Sale
$4,000,000
3701 Nw 79th St, Miami, FL 33147
Commercial land
Property Size10,000 SF
Lot Size9,000.00 Acres
Price / SF$400
Days on Market54
Property Features for 3701 Nw 79th St
General Information
Standard status
Active
Size
10,000 SF
Lot size
9,000.00 Acres
Listing Agency:
One Stop Realty
(786) 399-3374
Listed By:
Jose A Garrido · License #0577287
(786) 399-3374
Source:
Exprealty
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 31 at 2:08PM
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 One Stop Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Development opportunity site in the growing area of East Hialeah
- Existing building totaling 10,000 SF on a 9,000 SF site, with possibility of high‑density zoning redevelopment
- Transit‑oriented development (TOD) projections and transit stations within walking distance
Financial Insights For Mixed Use
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 | $420.0k | $42.00 |
| − Vacancy | −$42.0k | −$4.20 |
| EGI | $378.0k | $37.80 |
| − OpEx | −$141.8k | −$14.18 |
| NOI | $236.3k | $23.63 |
10,000 SF · lease $42.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.37M
$2.95M – $3.94M
NOI $236,250 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$2.64M
$2.31M – $3.08M
NOI $184,734 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$6.75M
$5.91M – $7.88M
NOI $472,505 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this commercial land located?
The property is located at 3701 Nw 79th St Miami, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Development opportunity site in the growing area of East Hialeah; Existing building totaling 10,000 SF on a 9,000 SF site, with possibility of high‑density zoning redevelopment; Transit‑oriented development (TOD) projections and transit stations within walking distance
