Flex Space with Loading
New
For Sale
$2,995,000
401 NW 79th St, Miami, FL 33150
Renovated commercial space offers private work areas, gated parking, and infrastructure for showroom, studio, or office use.
Property Size4,041 SF
Price / SF$741.15
Days on Market3
Property Features for 401 NW 79th St
General Information
Standard status
Active
Size
4,041 SF
Property subtype
Flex Space
Additional Details
Highway Access
Yes
Property Use
Showroom, Studio, Office
Amenities
soaring ceilings
private workspaces
smart security
loading access
gated parking
0.24105 acres
Parcel Number: 01-31-12-023-1890, Public Survey Range: 31, Public Survey Section: 12, Public Survey Township: 31, Annual Amount: $24,839, Legal Description: BELLCAMP MANOR PB 11-33 LOTS 19 & 20 BLK 12 LOT SIZE 100.000 X 105 OR 16747-0057 0395 4, Zoning: 6100
Listing ID: A12117396, Standard Status: Active, MLS Status: Active, Property Subtype: Flex Space, On market as of 2026-11-03, 1 day on market, Special Conditions: Sale
Built in 1991, Living area: 4041, Living area units: Square Feet
County/Parish: Miami-Dade County
Leasable area units: Square Feet
Building Details
Year Built
1991
Listing Agency:
The Alpha Commercial Advisors LLC
(305) 697-7011
Listed By:
Steffanie Jacobson · License #3344319
(609) 226-6390
Source:
Riserealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:11PM
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 The Alpha Commercial Advisors LLC
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Investment Insights
Based on property information with market context.
This 4,041 SF flex property was built in 1991 and has undergone a comprehensive interior renovation. Improvements include new mechanical, electrical, and plumbing systems, a new roof, and updated interiors. Soaring ceilings, private work areas, smart security, loading access, and gated parking are part of the current configuration. The space is vacant and can accommodate showroom, studio, or office use.
The property is on Miami’s NW 79th Street corridor, with direct access to I-95. Its location is identified with the gateway to Little River’s creative business district.
The property is on Miami’s NW 79th Street corridor, with direct access to I-95. Its location is identified with the gateway to Little River’s creative business district.
Key Highlights
- 4,041 SF flex property
- Built in 1991
- New mechanical, electrical, and plumbing systems and a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,840
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,636,800
$2.6M
Cap Rate 7%
$1,883,429
$1.9M
Cap Rate 9%
$1,464,889
$1.5M
Market Conditions
NOI Build-Up for 4,041 SF
Gross rent
$210.0K $51.96/SF
− Vacancy
−$21.6K −$5.35/SF
EGI
$188.3K $46.61/SF
− OpEx
−$56.5K −$13.98/SF
NOI
$131.8K $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%
$2,636,800
Cap Rate 7%
$1,883,429
Cap Rate 9%
$1,464,889
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,840 @ 7.0% cap · market cap 4.40%
Second Best
Flex RnD
$846.5K
$740.7K – $987.6K
NOI $59,257 @ 7.0% cap · market cap 1.98%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $190,939 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space offers private work areas, gated parking, and infrastructure for showroom, studio, or office use.
Where is this flex space located?
The property is located at 401 NW 79th St Miami, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 4,041 SF flex property; Built in 1991; New mechanical, electrical, and plumbing systems and a new roof
