Freestanding Mixed-Use
New
For Sale
$795,000
4875 NW 7th Ave, Miami, FL 33127
T5-0 zoning supports redevelopment for mixed-use or residential use.
Property Size856 SF
Days on Market5
Property Features for 4875 NW 7th Ave
General Information
Standard status
Active
Size
856 SF
Property subtype
Commercial
Zoning
T5-0
Building Details
Building Size
856 SF
Year Built
1948
Buildings
1
Stories
1
Listing Agency:
Keller Williams Capital Realty
Listed By:
Reginald Brooks · License #3447330
(305) 978-7588
Source:
Elliman
Added: Sep 19
Last Checked: Sep 21 at 6:41AM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
Built in 1948, this freestanding property is positioned for redevelopment under T5-0 zoning. The permitted framework supports a mixed-use concept or a primary residence, providing flexibility for future planning.
The property is located at 4875 NW 7th Ave in Miami, near Midtown and Wynwood. Walk Score is 98, reflecting a highly walkable setting, while Bike Score is 84 and Transit Score is 50.
The property is located at 4875 NW 7th Ave in Miami, near Midtown and Wynwood. Walk Score is 98, reflecting a highly walkable setting, while Bike Score is 84 and Transit Score is 50.
Key Highlights
- T5‑0 zoning supports mixed‑use or residential redevelopment
- Freestanding building constructed in 1948
- Located at 4875 NW 7th Ave, Miami, FL 33127
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,560
$558.6K
Cap Rate 7%
$398,971
$399.0K
Cap Rate 9%
$310,311
$310.3K
Market Conditions
NOI Build-Up for 856 SF
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.
Gross rent
$44.5K $51.96/SF
− Vacancy
−$4.6K −$5.35/SF
EGI
$39.9K $46.61/SF
− OpEx
−$12.0K −$13.98/SF
NOI
$27.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$558,560
Cap Rate 7%
$398,971
Cap Rate 9%
$310,311
Alternative Uses
Best Use
Retail
$399.0K
$349.1K – $465.5K
NOI $27,928 @ 7.0% cap · market cap 3.51%
Second Best
Mixed Use
$288.9K
$252.8K – $337.1K
NOI $20,223 @ 7.0% cap · market cap 2.54%
Theoretical Best
Specialty Retail
$577.8K
$505.6K – $674.1K
NOI $40,446 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - T5-0 zoning supports redevelopment for mixed-use or residential use.
Where is this mixed-use property located?
The property is located at 4875 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: T5‑0 zoning supports mixed‑use or residential redevelopment; Freestanding building constructed in 1948; Located at 4875 NW 7th Ave, Miami, FL 33127
