High-Ceiling Retail
For Sale
Contact for pricing
3930 NW 7th St Unit Suite 1-2, Miami, FL 33126
New retail suite within a mixed-use development with dedicated parking and flexible configuration options.
Property Size1,500 SF
Price / SF$0.03
Days on Market49
Property Features for 3930 NW 7th St Unit Suite 1-2
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
3
Property subtype
Retail
Additional Details
Highway Access
Yes
Amenities
high ceilings
Square Feet: 39072, Features: Central Business District, Corner Unit, Near Airport, In Residential Area
Roof: Concrete
Sewer: Public Sanitation
Parcel Number: 01-41-05-008-0120, Tax Legal Description: DURHAM TERR PB 44-55 LOTS 1 THRU 6 BLK 2 LOT SIZE 39072 SQ FT M/L OR 20825-2427 1102 5 (3)
Flooring: Other
Cooling: Central Individual A/C
Heating: Central Individual A/C
Business Type: Apartments, Retail Space, Lease Considered, Lease Term: 1 To 3 Year Lease,4 To 6 Year Lease,7-10 Year Lease, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 3, Features: Assigned, Free Parking, Guest
Features: Complete Impact Glass
Construction Materials: CBS Construction, Stories: 9, Year Built Details: New Construction, Building Area Total: 199410, Building Features: Heavy Traffic, Manager On Premises, Pedestrian Traffic, Plumbed For Medical, Private Restrooms, Building Name: Montecassini, Structure Type: Commercial, Office/Retail, Other Building Type
County Or Parish: Miami-Dade County, Unit Number: Suite 1-2
Current Use: Commercial Lease, Leasable Area Units: Square Feet, Leasable Area: 1500, Property Condition: New Construction
Possession: Negotiable
Tenant Pays: Electricity, Other, Water
Water Source: Public
Road Frontage Type: Main Thoroughfare
Features: Other Fire Protection, Fire Sprinkler System, Curr Owner Wind Mitig Cert Avail, Security Gate, Security Guard
Listing Agency:
Sea Grove Realty
(305) 726-5818
Listed By:
Maurice Milton · License #A12082256
(305) 812-4260
Source:
Riserealty
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 19 at 11:12AM
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 Sea Grove Realty
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Investment Insights
Based on property information with market context.
New retail space is available within a mixed-use development at 3930 NW 7th St in Miami. The current configuration provides 1,500 square feet with high ceilings, and the suite can be divided into 620-square-foot or 876-square-foot options. Each suite includes 2-3 dedicated parking spaces.
The property is near Magic City Casino and Coral Gables, with access to the 836 and 826 expressways. The location connects with Miami International Airport, Brickell, and Downtown Miami. Walk Score is 76, Bike Score is 59, and Transit Score is 39.
The property is near Magic City Casino and Coral Gables, with access to the 836 and 826 expressways. The location connects with Miami International Airport, Brickell, and Downtown Miami. Walk Score is 76, Bike Score is 59, and Transit Score is 39.
Key Highlights
- 1,500‑square‑foot retail suite with high ceilings
- Suite can be divided into 620‑square‑foot or 876‑square‑foot configurations
- 2‑3 dedicated parking spaces per suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,438
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
$708.8K
Cap Rate 7%
$506,257
$506.3K
Cap Rate 9%
$393,756
$393.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$63.0K $42.00/SF
− Vacancy
−$6.3K −$4.20/SF
EGI
$56.7K $37.80/SF
− OpEx
−$21.3K −$14.18/SF
NOI
$35.4K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
Cap Rate 7%
$506,257
Cap Rate 9%
$393,756
Alternative Uses
Best Use
Retail
$699.1K
$611.7K – $815.7K
NOI $48,939 @ 7.0% cap · market cap 125,484.62%
Second Best
Mixed Use
$506.3K
$443.0K – $590.6K
NOI $35,438 @ 7.0% cap · market cap 90,866.67%
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 181,733.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - New retail suite within a mixed-use development with dedicated parking and flexible configuration options.
Where is this retail space located?
The property is located at 3930 NW 7th St Unit Suite 1-2 Miami, FL.
What are key features of this property?
This property features: 1,500‑square‑foot retail suite with high ceilings; Suite can be divided into 620‑square‑foot or 876‑square‑foot configurations; 2‑3 dedicated parking spaces per suite
