Urban Core Commercial
For Sale
$1,000,000
5521 NW 7th Ave, Miami, FL 33127
Urban Core zoning supports commercial, mixed-use, and high-density residential development concepts subject to approvals.
Property Size1,050 SF
Price / SF$952.38
Days on Market99
Property Features for 5521 NW 7th Ave
General Information
Standard status
Active
Size
1,050 SF
Site & Location
Neighborhood
Orchard Villa
Building Details
Year Built
1949
Listing Agency:
Canvas Real Estate
Listed By:
Ernesto Vega · License #0648713
(954) 646-5977
Source:
Chenoregroup
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 7 at 3:45PM
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 Canvas Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering includes a 7,000-square-foot lot improved with a 1,050-square-foot single-story concrete block retail/storefront building constructed in 1949. The existing structure features office space, a main work and retail area, an open-air outdoor venue, two restrooms, commercial A/C, and a fenced lot. The property is designated Zone X for flood purposes.
T6-8-O Urban Core zoning supports a range of commercial, mixed-use, and high-density residential possibilities subject to municipal approvals. The zoning allows development up to 8 stories by right, with potential additional height through applicable public-benefit provisions. The existing building provides an immediate owner-user or investor configuration, while the lot and zoning support consideration of future redevelopment concepts.
T6-8-O Urban Core zoning supports a range of commercial, mixed-use, and high-density residential possibilities subject to municipal approvals. The zoning allows development up to 8 stories by right, with potential additional height through applicable public-benefit provisions. The existing building provides an immediate owner-user or investor configuration, while the lot and zoning support consideration of future redevelopment concepts.
Key Highlights
- 7,000 SF lot improved with a 1,050 SF concrete block retail/storefront building
- T6‑8‑O Urban Core zoning supports commercial, mixed‑use, and high‑density residential possibilities subject to approvals
- Zoning allows up to 8 stories by right, with potential additional height through applicable public‑benefit provisions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,257
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,140
$685.1K
Cap Rate 7%
$489,386
$489.4K
Cap Rate 9%
$380,633
$380.6K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$54.6K $51.96/SF
− Vacancy
−$5.6K −$5.35/SF
EGI
$48.9K $46.61/SF
− OpEx
−$14.7K −$13.98/SF
NOI
$34.3K $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%
$685,140
Cap Rate 7%
$489,386
Cap Rate 9%
$380,633
Alternative Uses
Best Use
Retail
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 3.43%
Second Best
Office B
$430.3K
$376.5K – $502.0K
NOI $30,122 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$708.8K
$620.2K – $826.9K
NOI $49,613 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,570
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Commercial land - Urban Core zoning supports commercial, mixed-use, and high-density residential development concepts subject to approvals.
Where is this commercial land located?
The property is located at 5521 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7,000 SF lot improved with a 1,050 SF concrete block retail/storefront building; T6‑8‑O Urban Core zoning supports commercial, mixed‑use, and high‑density residential possibilities subject to approvals; Zoning allows up to 8 stories by right, with potential additional height through applicable public‑benefit provisions
