Freestanding Mixed-Use
4875 NW 7th Ave, Miami, FL 33127
For Sale
$795,000
T5-0 zoning supports redevelopment for mixed-use or residential use.
Property Size856 SF
Days on Market50
Property Features for 4875 NW 7th Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Capital Realty
Listed By:
Reginald Brooks · License #3447330
(305) 978-7588
Source:
Elliman
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 6 at 9:37AM
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
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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 / Yr
$27,928
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
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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
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Miami, FL
Properties on Market for Mixed-use properties in Miami
Vacancy Rate% for Retail in Miami, FL
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
