Auto Shop Automotive
For Sale
$2,500,000
7101 NW 7th Ave, Miami, FL 33150
BikeScore 54, WalkScore 65, and TransitScore 51 indicate moderate multimodal access to nearby destinations.
Property Size8,950 SF
Price / SF$279.33
Days on Market159
Property Features for 7101 NW 7th Ave
General Information
Standard status
Active
Size
8,950 SF
Building Details
Year Built
1946
Listing Agency:
CMV Realty LLC
Listed By:
Gus Martinez · License #3033300
(954) 394-7078
Source:
Mymiahomes
Added: Mar 31
Changed: Aug 23
Last Checked: Sep 4 at 9:34AM
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 CMV Realty LLC
Investment Insights
Based on property information with market context.
Offered for sale, this auto shop/automotive property is also categorized within retail properties and commercial real estate. The available information does not specify the internal layout, size, or improvements, so prospective buyers should confirm details during due diligence.
The property is located at 7101 NW 7th Ave in Miami, Florida. Public transit access is rated with a TransitScore of 51, while walkability and bikeability are reflected by WalkScore 65 and BikeScore 54.
Prospective investors and owner-users can evaluate the site as an automotive-focused asset with potential retail compatibility based on its property-type classification, with final fit depending on on-site confirmation of condition and configuration.
The property is located at 7101 NW 7th Ave in Miami, Florida. Public transit access is rated with a TransitScore of 51, while walkability and bikeability are reflected by WalkScore 65 and BikeScore 54.
Prospective investors and owner-users can evaluate the site as an automotive-focused asset with potential retail compatibility based on its property-type classification, with final fit depending on on-site confirmation of condition and configuration.
Key Highlights
- Year built: 1946
- BikeScore 54 (bikeable)
- WalkScore 65 (somewhat walkable)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,404,800
$2.4M
Cap Rate 7%
$1,717,714
$1.7M
Cap Rate 9%
$1,336,000
$1.3M
Market Conditions
NOI Build-Up for 8,950 SF
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.
Gross rent
$180.4K $20.16/SF
− Vacancy
−$8.7K −$0.97/SF
EGI
$171.8K $19.19/SF
− OpEx
−$51.5K −$5.76/SF
NOI
$120.2K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,404,800
Cap Rate 7%
$1,717,714
Cap Rate 9%
$1,336,000
Alternative Uses
Best Use
Retail
$4.17M
$3.65M – $4.87M
NOI $292,000 @ 7.0% cap · market cap 11.68%
Second Best
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,240 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$6.04M
$5.29M – $7.05M
NOI $422,892 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- RAPID TRANSIT AUTHORITY TOWING(fully Licensed and Insured)
- RyFab Garage — 6014 NW 6th Ave, Miami, FL 33127
- River Glass & Mirror, Inc. — Miami, FL 33127
- Deandre Towing Services — 6033 NW 6th Ct, Miami, FL 33127
- Ralph's Transmission Services — 639 NW 60th St, Miami, FL 33127
Frequently Asked Questions
What type of property is this?
Auto shop - BikeScore 54, WalkScore 65, and TransitScore 51 indicate moderate multimodal access to nearby destinations.
Where is this auto shop located?
The property is located at 7101 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Year built: 1946; BikeScore 54 (bikeable); WalkScore 65 (somewhat walkable)
