Retail Storefront Redevelopment
5521 NW 7th Ave Miami, FL 33127
New
For Sale
$1,000,000
SINGLE_FAMILY - Miami, FL
Property Size1,050 SF
Lot Size0.16 Acres
Price / SF$952.38
Days on Market3
Property Features for 5521 NW 7th Ave
General Information
Property type
Residential
Property subtype
Office
Parking
50
Parking features
On Street
Security features
Security Lighting, Security
Exterior features
Storm/Security Shutters
Standard status
Active
APN
01-31-13-046-0070
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RESUB OF REV PL OF EASTMORELAND PB 41-18 LOT 8 BLK 1 LOT SIZE 50.000 X 140 OR 20739-1478 0902 1
Tax Annual Amount
13085
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Flooring type
Tile, Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Desiree Faulkner · License #3286433
(786) 351-3100
Added: Jul 28
Last Checked: Jul 30 at 5:06AM
MLS# A12058277
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Concrete block retail/storefront building offering approximately 1,050 SF of interior space plus an open-air outdoor venue. The layout includes office space, a main work/retail area, and two restrooms, supported by commercial A/C. The property sits on an approximately 7,000 SF lot and is fully fenced. Flood designation is Zone X.
The site is positioned in a highly visible urban corridor and is served by T6-8-O Urban Core zoning. Subject to municipal approvals, the zoning allows a range of commercial, mixed-use, and high-density residential possibilities.
The property supports immediate owner-user use while also offering redevelopment flexibility under the existing entitlement framework, including up to 8 stories by right with potential for additional height through applicable public-benefit provisions.
The site is positioned in a highly visible urban corridor and is served by T6-8-O Urban Core zoning. Subject to municipal approvals, the zoning allows a range of commercial, mixed-use, and high-density residential possibilities.
The property supports immediate owner-user use while also offering redevelopment flexibility under the existing entitlement framework, including up to 8 stories by right with potential for additional height through applicable public-benefit provisions.
Key Highlights
- 1,050 SF concrete block retail/storefront building on a 7,000 SF lot
- T6‑8‑O Urban Core zoning allowing a range of commercial, mixed‑use, and high‑density residential options (subject to approvals)
- Zoning supports up to 8 stories by right, with potential additional height through applicable public‑benefit provisions
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 | $54.6k | $51.96 |
| − Vacancy | −$5.6k | −$5.35 |
| EGI | $48.9k | $46.61 |
| − OpEx | −$14.7k | −$13.98 |
| NOI | $34.3k | $32.63 |
1,050 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- PERRY'S FLORIST MIAMI — 4340 nw 7th ave, miami, fl 33127
- Perry's Florist — 4340 NW 7th Ave, Miami, FL 33127
Frequently Asked Questions
What type of property is this?
Storefront property - Concrete block retail storefront includes office space, outdoor area, and zoning that supports urban mixed-use redevelopment options.
Where is this storefront property 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: 1,050 SF concrete block retail/storefront building on a 7,000 SF lot; T6‑8‑O Urban Core zoning allowing a range of commercial, mixed‑use, and high‑density residential options (subject to approvals); Zoning supports up to 8 stories by right, with potential additional height through applicable public‑benefit provisions
