Mixed-Use Property with Private
New
For Sale
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7290 SW 40th St, Miami, FL 33155
A tenant-only restroom serves the commercial space near 72nd Avenue on SW 40th Street.
Property Size5,922 SF
Price / SF$0.51
Days on Market5
Property Features for 7290 SW 40th St
General Information
Standard status
Active
Size
5,922 SF
Property subtype
Mixed Use
Amenities
private restroom
Building Details
Building Size
5,922 SF
Year Built
1977
Listing Agency:
Azul Realty Group, LLC
Listed By:
Karla Hernandez · License #3352427
(305) 505-0121
Source:
Batrare
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 5:42AM
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 Azul Realty Group, 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 mixed-use commercial property includes approximately 700 square feet of space and a private restroom reserved for the tenant. The building dates to 1977. Retail, office, accounting, and other professional-service activities are identified as potential uses.
The property is on SW 40th Street, also known as Bird Road, near 72nd Avenue in Miami.
The property is on SW 40th Street, also known as Bird Road, near 72nd Avenue in Miami.
Key Highlights
- Approximately 700 SF of commercial space
- Private restroom reserved for the tenant
- On SW 40th Street (Bird Road), near 72nd Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,907
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,140
$2.8M
Cap Rate 7%
$1,998,671
$2.0M
Cap Rate 9%
$1,554,522
$1.6M
Market Conditions
NOI Build-Up for 5,922 SF
Gross rent
$248.7K $42.00/SF
− Vacancy
−$24.9K −$4.20/SF
EGI
$223.9K $37.80/SF
− OpEx
−$83.9K −$14.18/SF
NOI
$139.9K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,798,140
Cap Rate 7%
$1,998,671
Cap Rate 9%
$1,554,522
Alternative Uses
Best Use
Retail
$2.76M
$2.42M – $3.22M
NOI $193,209 @ 7.0% cap · market cap 6,440.30%
Second Best
Mixed Use
$2.00M
$1.75M – $2.33M
NOI $139,907 @ 7.0% cap · market cap 4,663.57%
Theoretical Best
Specialty Retail
$4.00M
$3.50M – $4.66M
NOI $279,817 @ 7.0% cap · market cap 9,327.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - A tenant-only restroom serves the commercial space near 72nd Avenue on SW 40th Street.
Where is this mixed-use property located?
The property is located at 7290 SW 40th St Miami, FL.
What are key features of this property?
This property features: Approximately 700 SF of commercial space; Private restroom reserved for the tenant; On SW 40th Street (Bird Road), near 72nd Avenue
