Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    777 NW 72nd Ave 1109 Miami, FL 33126

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime retail space in a vibrant Miami commercial center.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:12 pm

    Property Features for 777 NW 72nd Ave 1109

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    Keily Berrios
    Keily Berrios

    Listing agent Keily Berrios License #3387752

    Listing office LUXE Properties LLC

    Listing date Apr 24, 2026

    Source Elliman

    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 LUXE Properties LLC

    Overview

    Retail Space in Miami Mart

    Located in the Miami Merchandise Mart, this retail space is situated minutes from Miami International Airport. The location attracts local shoppers, international travelers, and business professionals. The mall provides on-site restaurants, a hotel, and a variety of established stores, creating consistent foot traffic. The location has a walk score of 77, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 47, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Fashion District Miami Big Box & Wholesale Store Salt and Pepper Restaurant Sun Moon Star ... Clothing & Fashion Store Valeruz Inc (Bike/Boat/Book/etc) Store RANEES RESORT WEAR ... Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.312391
    Latitude
    25.777773

    Nearby Similar for Sale

    • $385,000

      Downtown Miami Class A Office

      Premier office space in the heart of Downtown Miami.
      150 SE 2nd Ave, Miami, FL 33131
      View Details
    • $445,000

      Miami Warehouse/Flex Industrial Unit

      Well-maintained warehouse/flex unit in Miami's Airport West submarket.
      7311 NW 12th St, Miami, FL 33126
      View Details
    • $967,725

      Brickell Office with Long-Term Lease

      Spacious office in Brickell with reception, kitchen, and six offices.
      1200 Brickell Ave, Miami, FL 33131
      View Details
    • $299,999

      Miami Retail/Office Space Available

      Retail or office space in a prime Miami location.
      1110 NW 1 ST, Miami, FL 33128
      View Details
    • $637,000

      Beacon Tower Aventura Office Investment

      Commercial unit with offices, conference room, and Biscayne Blvd views.
      20200 W Dixie Hwy, Miami, FL 33180
      View Details
    • $850,000

      Miami Retail Business Opportunity

      Established Miami retail business specializing in special-occasion dresses.
      14248 SW 8th St, Miami, FL 33184
      View Details
    • $883,200

      Brickell Office with Practical Layout

      Spacious office in Brickell with enclosed offices, conference room, kitchen.
      1200 Brickell Ave, Miami, FL 33131
      View Details
    • $9,999,999

      Thriving Supermarket Business & Real Estate

      Established supermarket, restaurant, bakery, and meat market in Little Havana.
      1305 SW 8th St, Miami, FL 33135
      View Details
    • $895,000

      Miami Mixed-Use Commercial Opportunity

      High-visibility mixed-use property on NW 27th Avenue in Miami.
      4699 NW 27th Ave, Miami, FL 33142
      View Details
    • $899,000

      Pool Supply Business Opportunity

      Established pool supply distributor in Miami, FL for sale.
      82 SW 8, Miami, FL 33144
      View Details
    • $750,000

      High Ceiling Office Space Miami

      Corner Brickell Avenue office with floor-to-ceiling windows.
      1200 Brickell Ave, Miami, FL 33131
      View Details
    • $500,000

      Operating Supermarket on Corner Lot

      Income-producing retail property in residential neighborhood with high visibility.
      1540 SW 22nd Ave, Miami, FL 33145
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail space in a vibrant Miami commercial center.
    Where is this retail space located?
    The property is located at 777 NW 72nd Ave 1109 Miami, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime retail location minutes from Miami International Airport; High foot traffic from on‑site restaurants, hotel, and established stores; Unmatched visibility and accessibility in a recognized commercial center
    (786) 308-5459
    We can help!
    Listing Contact
    Keily Berrios
    Keily Berrios
    Real Estate License ID: 3387752
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!