Mixed-Use Retail
For Sale
Contact for pricing
3930 NW 7th St Suite 2, Miami, FL 33126
Newly developed space features high ceilings, dedicated parking, and convenient access to Miami expressways.
Property Size199,410 SF
Price / SF$0.00
Days on Market50
Property Features for 3930 NW 7th St Suite 2
General Information
Standard status
Active
Size
199,410 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Amenities
high ceilings
ample parking
Building Details
Building Size
199,410 SF
Listing Agency:
Sea Grove Realty
Listed By:
Maurice Milton · License #3615378
(305) 812-4260
Source:
Allyandaj
Added: Sep 2
Changed: Oct 17
Last Checked: Oct 19 at 2:45PM
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.
This newly developed mixed-use property offers a 1,500-square-foot suite with high ceilings and a layout that can be divided into units of 620 or 876 square feet. Each unit includes 2-3 dedicated parking spaces, while the property benefits from pedestrian and vehicle traffic. The space may accommodate retail, specialty food, coffee, salon, or professional service uses.
The property is located at 3930 NW 7th St in Miami, near Magic City Casino and Coral Gables. Access to expressways 836 and 826 connects the site with the airport, Brickell, Downtown, and other Miami business areas. The location has a Walk Score of 76, a Bike Score of 59, and a Transit Score of 39.
The property is located at 3930 NW 7th St in Miami, near Magic City Casino and Coral Gables. Access to expressways 836 and 826 connects the site with the airport, Brickell, Downtown, and other Miami business areas. The location has a Walk Score of 76, a Bike Score of 59, and a Transit Score of 39.
Key Highlights
- 1,500 SF suite with potential division into 620 or 876 SF units
- 2‑3 dedicated parking spaces per unit
- High ceilings in a newly developed mixed‑use property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,711,061
Suggested Prices Based on Cap Rates
Cap Rate 5%
$94,221,220
$94.2M
Cap Rate 7%
$67,300,871
$67.3M
Cap Rate 9%
$52,345,122
$52.3M
Market Conditions
NOI Build-Up for 199,410 SF
Gross rent
$8.38M $42.00/SF
− Vacancy
−$837.5K −$4.20/SF
EGI
$7.54M $37.80/SF
− OpEx
−$2.83M −$14.18/SF
NOI
$4.71M $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%
$94,221,220
Cap Rate 7%
$67,300,871
Cap Rate 9%
$52,345,122
Alternative Uses
Best Use
Retail
$92.94M
$81.32M – $108.43M
NOI $6,505,888 @ 7.0% cap · market cap 16,681,764.10%
Second Best
Mixed Use
$67.30M
$58.89M – $78.52M
NOI $4,711,061 @ 7.0% cap · market cap 12,079,643.59%
Theoretical Best
Specialty Retail
$134.60M
$117.78M – $157.04M
NOI $9,422,212 @ 7.0% cap · market cap 24,159,517.95%
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
Check the figures for this property
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?
Mixed-use property - Newly developed space features high ceilings, dedicated parking, and convenient access to Miami expressways.
Where is this mixed-use property located?
The property is located at 3930 NW 7th St Suite 2 Miami, FL.
What are key features of this property?
This property features: 1,500 SF suite with potential division into 620 or 876 SF units; 2‑3 dedicated parking spaces per unit; High ceilings in a newly developed mixed‑use property
