Vacant Strip
For Sale
Contact for pricing
4021 NW 7th St, Miami, FL 33126
The property was previously used as a convenience store and is currently vacant.
Property Size8,450 SF
Price / SF$0.44
Days on Market49
Property Features for 4021 NW 7th St
General Information
Standard status
Active
Size
8,450 SF
Property subtype
Mixed Use
Building Details
Building Size
8,450 SF
Year Built
1976
Listing Agency:
Active Community Realty
Listed By:
Jose Arrazcaeta · License #0466740
(786) 412-9321
Source:
Batrare
Added: Aug 31
Changed: Oct 17
Last Checked: Oct 16 at 5:52PM
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 Active Community Realty
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Investment Insights
Based on property information with market context.
This strip mall is currently vacant and was previously operated as a convenience store. Built in 1976, the property is located at 4021 NW 7th St in Miami, Florida, approximately 5 minutes from the airport.
Key Highlights
- Vacant strip mall available for a new tenant
- Previously used as a convenience store
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,687
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,513,740
$5.5M
Cap Rate 7%
$3,938,386
$3.9M
Cap Rate 9%
$3,063,189
$3.1M
Market Conditions
NOI Build-Up for 8,450 SF
Gross rent
$439.1K $51.96/SF
− Vacancy
−$45.2K −$5.35/SF
EGI
$393.8K $46.61/SF
− OpEx
−$118.2K −$13.98/SF
NOI
$275.7K $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%
$5,513,740
Cap Rate 7%
$3,938,386
Cap Rate 9%
$3,063,189
Alternative Uses
Best Use
Retail
$3.94M
$3.45M – $4.59M
NOI $275,687 @ 7.0% cap · market cap 7,351.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.70M
$4.99M – $6.65M
NOI $399,266 @ 7.0% cap · market cap 10,647.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,286
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?
Strip mall - The property was previously used as a convenience store and is currently vacant.
Where is this strip mall located?
The property is located at 4021 NW 7th St Miami, FL.
What are key features of this property?
This property features: Vacant strip mall available for a new tenant; Previously used as a convenience store; Built in 1976
