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    Updated 1BR Apartment in Gated Building Title is generated by Realmo AI

    540 NW 7th St 28, Miami, FL 33136

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    New
    For Lease
    $1,650 /Mo

    Second-floor, pet-friendly 1BR with central A/C, impact windows, on-site laundry, and included WiFi.

    Type:Multi Family
    Added:
    Jun 4, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:01 am

    Property Features for 540 NW 7th St 28

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Gabriela Romero

    Listing agent Gabriela Romero

    Listing office

    Listing date Jun 4, 2026

    Source Elliman

    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 Gabriela Romero

    HighLights

    • Updated second‑floor 1BR apartment in a secure gated boutique building
    • Central A/C and impact windows
    • Modern flooring plus complimentary WiFi included
    • On‑site laundry on the first floor
    • Pet‑friendly building; no HOA and fast approval
    • WalkScore 96 and transitScore 99, with quick access to Brickell, Downtown, Wynwood, and major transit/roadways

    Overview

    This updated one-bedroom apartment is located on the second floor of a secure, gated boutique building. The unit features central A/C, impact windows, and modern flooring. Complimentary WiFi is included, and the building offers on-site laundry on the first floor. Fast approval is available, with no HOA, and the space is ready for immediate move-in.

    The property is positioned in central Miami, just minutes from Brickell, Downtown, Wynwood, Brightline, Jackson Memorial Hospital, Miami International Airport, I-95, and the Dolphin Expressway. Parking outside the property is first come, first served. Assigned gated parking is also available for $125 per month.

    This apartment is a practical fit for tenants looking for a move-in ready 1BR in a secure, pet-friendly setting with central climate control, impact windows, and convenient in-building laundry. The availability of assigned gated parking can help streamline day-to-day access, while the no-HOA structure supports a quicker leasing process.
    Location Intelligence

    Current Use by Public Records

    Urbannic RiverTown Apartment Building Testosterone, PRP, Peptide ... Medical Clinic Testosterone, Peptide and HGH ... Medical Clinic Real Black ( Dark ... Spiritual Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.20354
    Latitude
    25.76679

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    FAQs

    What type of property is this?
    Multifamily property - Second-floor, pet-friendly 1BR with central A/C, impact windows, on-site laundry, and included WiFi.
    Where is this multifamily property located?
    The property is located at 540 NW 7th St 28 Miami, FL.
    What is the lease rate?
    The lease rate is $1,650 /Mo.
    What are key features of this property?
    This property features: Updated second‑floor 1BR apartment in a secure gated boutique building; Central A/C and impact windows; Modern flooring plus complimentary WiFi included
    (786) 715-4419
    We can help!
    Listing Contact
    Gabriela Romero
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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