Retail Storefront with Parking
For Sale
Contact for pricing
717 NE 79th Street #717, Miami, FL 33138
Leasing retail units with storefront windows, exposed ceilings, and signage opportunities within a highly visible shopping center.
Property Size5,400 SF
Price / SF$0.01
Days on Market89
Property Features for 717 NE 79th Street #717
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
exposed ceiling
bathroom
storefront windows
prominent signage opportunities
Building Details
Year Built
1973
Listing Agency:
APEX Capital Realty LLC
Listed By:
Miguel Angel Pinto · License #3313310
(305) 570-2600
Source:
Lehmannflorida
Added: Jul 24
Changed: Oct 19
Last Checked: Oct 19 at 9:18AM
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 APEX Capital Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center offers retail spaces for lease designed for strong street-level presentation. Units include exposed ceilings, bathroom facilities, storefront windows, and prominent signage opportunities, supported by a large customer parking area.
The property is located on NE 79th Street, described as the main artery connecting to Biscayne Blvd and serving as the primary corridor between the 79th Street Causeway and the connection to I-95. The surrounding area includes easy access to major residential neighborhoods including North Bay Village, Little River, Morningside, MiMo, Shorecrest, Belle Meade, and the Upper East Side of Miami.
Unit 717 is listed at 717 NE 79th St Unit 717, Miami, FL 33138 and is positioned within this high-visibility retail environment with customer parking access.
The property is located on NE 79th Street, described as the main artery connecting to Biscayne Blvd and serving as the primary corridor between the 79th Street Causeway and the connection to I-95. The surrounding area includes easy access to major residential neighborhoods including North Bay Village, Little River, Morningside, MiMo, Shorecrest, Belle Meade, and the Upper East Side of Miami.
Unit 717 is listed at 717 NE 79th St Unit 717, Miami, FL 33138 and is positioned within this high-visibility retail environment with customer parking access.
Key Highlights
- Retail units for lease in a shopping center with prominent storefront windows and signage opportunities
- Units include an exposed ceiling and a private bathroom
- Expansive on‑site parking area for clients and customers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,179
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,523,580
$3.5M
Cap Rate 7%
$2,516,843
$2.5M
Cap Rate 9%
$1,957,544
$2.0M
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$280.6K $51.96/SF
− Vacancy
−$28.9K −$5.35/SF
EGI
$251.7K $46.61/SF
− OpEx
−$75.5K −$13.98/SF
NOI
$176.2K $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%
$3,523,580
Cap Rate 7%
$2,516,843
Cap Rate 9%
$1,957,544
Alternative Uses
Best Use
Retail
$2.52M
$2.20M – $2.94M
NOI $176,179 @ 7.0% cap · market cap 391,508.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.65M
$3.19M – $4.25M
NOI $255,152 @ 7.0% cap · market cap 567,004.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Rail 71 Plaza — 7205 NE 4th Ave, Miami, FL 33138
- Retail — 7111 Biscayne Blvd, Miami, FL 33138
- Chunk — 7255 NE 4th Ave #110-2, Miami, FL 33138
- Miami Ironside — 7580 NE 4th Ct, Miami, FL 33138
- Tropical supermarket — 8000 NE 5th Ave, Miami, FL 33138
Frequently Asked Questions
What type of property is this?
Shopping center - Leasing retail units with storefront windows, exposed ceilings, and signage opportunities within a highly visible shopping center.
Where is this shopping center located?
The property is located at 717 NE 79th Street #717 Miami, FL.
What are key features of this property?
This property features: Retail units for lease in a shopping center with prominent storefront windows and signage opportunities; Units include an exposed ceiling and a private bathroom; Expansive on‑site parking area for clients and customers
