Studio Complex Showroom
For Sale
Contact for pricing
5600 NW 7th Ave, Miami, FL 33127
Showroom and retail space offered within a well-established studio complex with an all-inclusive rental structure.
Property Size8,200 SF
Price / SF$0.16
Days on Market94
Property Features for 5600 NW 7th Ave
General Information
Standard status
Active
Size
8,200 SF
Building Details
Year Built
1945
Listing Agency:
The Real Estate Lab, Inc.
Listed By:
Gil Terem · License #0690805
(646) 236-3702
Source:
Thepennteam
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 3:59PM
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 The Real Estate Lab, Inc.
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Investment Insights
Based on property information with market context.
Available showroom and retail space is offered within a well-established studio complex. The rental is described as all-inclusive, covering all expenses, so tenants can move in with their artwork or studio setup. The offering also notes that no key money is required.
The property is located at 5600 NW 7th Ave in Miami, along the 7th Avenue Corridor. The remarks position the area as close to Wynwood, Midtown, and the Design District.
For additional information, the listing directs prospective users to visit Arthood56.
The property is located at 5600 NW 7th Ave in Miami, along the 7th Avenue Corridor. The remarks position the area as close to Wynwood, Midtown, and the Design District.
For additional information, the listing directs prospective users to visit Arthood56.
Key Highlights
- Showroom and retail space available within a well‑established studio complex
- All‑inclusive rental structure covering all expenses
- Year built: 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$235,238
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,704,760
$4.7M
Cap Rate 7%
$3,360,543
$3.4M
Cap Rate 9%
$2,613,756
$2.6M
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$369.0K $45.00/SF
− Vacancy
−$55.4K −$6.75/SF
EGI
$313.7K $38.25/SF
− OpEx
−$78.4K −$9.56/SF
NOI
$235.2K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,704,760
Cap Rate 7%
$3,360,543
Cap Rate 9%
$2,613,756
Alternative Uses
Best Use
Retail
$3.82M
$3.34M – $4.46M
NOI $267,531 @ 7.0% cap · market cap 20,579.31%
Second Best
Office B
$3.36M
$2.94M – $3.92M
NOI $235,238 @ 7.0% cap · market cap 18,095.23%
Theoretical Best
Specialty Retail
$5.54M
$4.84M – $6.46M
NOI $387,454 @ 7.0% cap · market cap 29,804.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,467
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
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Creative space - Showroom and retail space offered within a well-established studio complex with an all-inclusive rental structure.
Where is this creative space located?
The property is located at 5600 NW 7th Ave Miami, FL.
What are key features of this property?
This property features: Showroom and retail space available within a well‑established studio complex; All‑inclusive rental structure covering all expenses; Year built: 1945
