First-Floor Retail
New
For Sale
Contact for pricing
777 NW 72nd Ave # 1109, Miami, FL 33126
Ground-level space fronts an escalator and includes one assigned parking space.
Property Size507 SF
Price / SF$3.55
Days on Market2
Property Features for 777 NW 72nd Ave # 1109
General Information
Standard status
Active
Size
507 SF
Total Parking Spaces
1
Property subtype
Retail
Building Details
Building Size
507 SF
Year Built
1976
Listing Agency:
Goshen Real Estate LLC
Listed By:
Tien-i Ho · License #3431045
(954) 471-2483
Source:
Batrare
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:13AM
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 Goshen Real Estate LLC
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Investment Insights
Based on property information with market context.
This 507-square-foot retail space is on the first floor and positioned in front of an escalator. The property was built in 1976.
Located at 777 NW 72nd Ave in Miami, the space is described as being near Miami International Airport. One assigned parking space is included; a monthly fee is associated with the space.
Located at 777 NW 72nd Ave in Miami, the space is described as being near Miami International Airport. One assigned parking space is included; a monthly fee is associated with the space.
Key Highlights
- 507‑square‑foot first‑floor retail space
- Positioned in front of an escalator
- One assigned parking space; monthly fee applies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,541
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,820
$330.8K
Cap Rate 7%
$236,300
$236.3K
Cap Rate 9%
$183,789
$183.8K
Market Conditions
NOI Build-Up for 507 SF
Gross rent
$26.3K $51.96/SF
− Vacancy
−$2.7K −$5.35/SF
EGI
$23.6K $46.61/SF
− OpEx
−$7.1K −$13.98/SF
NOI
$16.5K $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%
$330,820
Cap Rate 7%
$236,300
Cap Rate 9%
$183,789
Alternative Uses
Best Use
Retail
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 918.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$342.2K
$299.5K – $399.3K
NOI $23,956 @ 7.0% cap · market cap 1,330.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Ground-level space fronts an escalator and includes one assigned parking space.
Where is this retail space located?
The property is located at 777 NW 72nd Ave # 1109 Miami, FL.
What are key features of this property?
This property features: 507‑square‑foot first‑floor retail space; Positioned in front of an escalator; One assigned parking space; monthly fee applies
