Versatile Commercial Building Near Bird
7200 SW 39th Ter Miami, FL 33155
7200 SW 39th Ter, Miami, FL, 33155
Contact for pricing
For Sale
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2,248 SF building on 11,259 SF lot, BU2 zoning.
Property Size2,248 SF
Lot Size0.26 Acres
Price / SF$611.65
Days on Market542
Property Features for 7200 SW 39th Ter
General Information
- Standard status
- Active
- Size
- 2,248 SF
- Lot size
- 0.26 Acres
- Property subtype
- Mixed Use, Retail, Office
Building Details
- Year Built
- 1949
Listing Agency
RE/MAX 360 Real Estate
(305) 778-8944
Listed by
Cynthia Lamaa · License #3266189
Source
Crexi
Added: Jan 23, 2025 Checked: Jul 17 at 1:04 pm
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 RE/MAX 360 Real Estate
Investment Insights
Based on property information with market context.
Located just behind Bird Road and at the corner of SW 72nd Avenue, this property features a 2,248 square foot freestanding building with air conditioning, situated on an 11,259 square foot lot. The BU2 zoning allows for a wide range of commercial uses, making it suitable for office, retailers, development, or other mixed-use business opportunities. Ample parking is available.
Key Highlights
- Prime location just behind Bird Road and corner of SW 72nd Avenue.
- BU2 zoning allows for a wide range of commercial uses.
- Large 11,259 sq. ft. lot.
Local 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 | $116.8k | $51.96 |
| − Vacancy | −$12.0k | −$5.35 |
| EGI | $104.8k | $46.61 |
| − OpEx | −$31.4k | −$13.98 |
| NOI | $73.3k | $32.63 |
2,248 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$916.8K – $1.22M
NOI $73,343 @ 7.0% cap · market cap 5.33%
Second Best
Mixed Use
$758.7K
$663.9K – $885.2K
NOI $53,109 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,219 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 2,248 SF building on 11,259 SF lot, BU2 zoning.
Where is this mixed-use property located?
The property is located at 7200 SW 39th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Prime location just behind Bird Road and corner of SW 72nd Avenue.; BU2 zoning allows for a wide range of commercial uses.; Large 11,259 sq. ft. lot.
