Mixed-Use Building with 40
7001 Northwest 15th Avenue Miami, FL 33147
For Sale
$5,595,000
Mixed-use building offering 40 total units, positioned near the Related Group Liberty Square project.
Property Size17,600 SF
Price / SF$317.90
Days on Market890
Property Features for 7001 Northwest 15th Avenue
General Information
- Standard status
- Active
- Size
- 17,600 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1958
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Vicente Rodriguez · License #3289280
(786) 748-7373
Source:
Compass
Added: Feb 14, 2024
Changed: Jul 22
Last Checked: Jul 23 at 10:33AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Liberty Square is a 40-unit mixed-use building offered for sale. The property is positioned on a developing main corridor.
Public remarks indicate the building is near the transforming $300M+ Liberty Square project by Related Group, with proximity described to I-95 and to destinations including Downtown Miami, Miami Beach, and the Port of Miami, as well as the Design District.
Additional property-specific details such as unit mix, building condition, and existing tenancy are not provided in the supplied information.
Public remarks indicate the building is near the transforming $300M+ Liberty Square project by Related Group, with proximity described to I-95 and to destinations including Downtown Miami, Miami Beach, and the Port of Miami, as well as the Design District.
Additional property-specific details such as unit mix, building condition, and existing tenancy are not provided in the supplied information.
Key Highlights
- Liberty Square 40‑unit mixed‑use building
- 40 total units in a mixed‑use property
- Built in 1958
Financial Insights For Mixed Use
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 | $739.2k | $42.00 |
| − Vacancy | −$73.9k | −$4.20 |
| EGI | $665.3k | $37.80 |
| − OpEx | −$249.5k | −$14.18 |
| NOI | $415.8k | $23.63 |
17,600 SF · lease $42.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$5.94M
$5.20M – $6.93M
NOI $415,800 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$4.64M
$4.06M – $5.42M
NOI $325,132 @ 7.0% cap · market cap 5.81%
Theoretical Best
Specialty Retail
$11.88M
$10.40M – $13.86M
NOI $831,608 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dey Vision Productions ...
Take-out & Catering
FAQs
What type of property is this?
Apartment building - Mixed-use building offering 40 total units, positioned near the Related Group Liberty Square project.
Where is this apartment building located?
The property is located at 7001 Northwest 15th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $5,595,000.
What are key features of this property?
This property features: Liberty Square 40‑unit mixed‑use building; 40 total units in a mixed‑use property; Built in 1958
