Versatile Retail and Office
4928 NW 7 AVE Miami, FL 33127
4928 NW 7 AVE, Miami, FL, 33127
Contact for pricing
For Sale
Contact for pricing
Pending
Vacant commercial building with substantial on-site parking, suitable for retail, office, medical, or food-service concepts.
Property Size2,450 SF
Days on Market56
Property Features for 4928 NW 7 AVE
General Information
- Standard status
- Pending
- Size
- 2,450 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1948
Listing agency
Porosoff Group
(305) 766-1864
Listed by
Javier Ubeda · License #BK3358462
Source
Crexi
Added: May 28 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 2:34PM
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 Porosoff Group
Investment Insights
Based on property information with market context.
4928 NW 7th Ave is a vacant, versatile commercial building totaling 2,450 square feet on a 9,500 square foot lot. The property is designed to support a range of uses and includes over 10 on-site parking spaces, which can help accommodate customer and staff needs. The available configuration makes it practical for an owner-user seeking a flexible footprint rather than a single-purpose tenancy.
Located in Miami, the building offers straightforward access for visitors arriving by car and the benefit of on-site parking to reduce turnover friction during peak hours. The property is presented as suitable for multiple commercial formats, including retail and service-oriented operations.
For tenants, buyers, or operators, the mix of a dedicated commercial building plus meaningful parking supports concepts such as retail, office, medical office use, or food-related operations, including a grocery/convenience concept or a ghost kitchen model. Because the property is currently vacant, it may be well-suited for a streamlined rollout of an intended business without reliance on existing tenant commitments.
Located in Miami, the building offers straightforward access for visitors arriving by car and the benefit of on-site parking to reduce turnover friction during peak hours. The property is presented as suitable for multiple commercial formats, including retail and service-oriented operations.
For tenants, buyers, or operators, the mix of a dedicated commercial building plus meaningful parking supports concepts such as retail, office, medical office use, or food-related operations, including a grocery/convenience concept or a ghost kitchen model. Because the property is currently vacant, it may be well-suited for a streamlined rollout of an intended business without reliance on existing tenant commitments.
Key Highlights
- Vacant 2,450 SF commercial building on a 9,500 SF lot
- Built in 1948
- Over 10 on‑site parking spaces
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.3k | $51.96 |
| − Vacancy | −$13.1k | −$5.35 |
| EGI | $114.2k | $46.61 |
| − OpEx | −$34.3k | −$13.98 |
| NOI | $79.9k | $32.63 |
2,450 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,764 @ 7.0% cap · market cap 10.92%
Second Best
Retail
$1.14M
$999.2K – $1.33M
NOI $79,933 @ 7.0% cap · market cap 7.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Marlie's Delights — 292 NW 54th St, Miami, FL 33127
- Total Supermarket — 5700 NW 2nd Ave, Miami, FL 33127
- Zubi Supermarket — 5700 NW 2nd Ave, Miami, FL 33127
- 46 St Super Market-Vape & Smoke Shop — 695 NW 46th St, Miami, FL 33127
FAQs
What type of property is this?
Grocery and convenience store - Vacant commercial building with substantial on-site parking, suitable for retail, office, medical, or food-service concepts.
Where is this grocery and convenience store located?
The property is located at 4928 NW 7 AVE Miami, FL.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Vacant 2,450 SF commercial building on a 9,500 SF lot; Built in 1948; Over 10 on‑site parking spaces
