Showroom/Warehouse on Gated
For Sale
$12,200,000
8700 NW 7th Ave, Miami, FL 33150
28,782 SF showroom/warehouse on 1.81-acre lot, prime location.
Property Size26,568 SF
Lot Size1.81 Acres
Days on Market269
Property Features for 8700 NW 7th Ave
General Information
Standard status
Active
Size
26,568 SF
Lot size
1.81 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$59,600
Building Details
Building Size
26,568 SF
Year Built
1969
Listing Agency:
(786) 899-9253
Listed By:
Lukas Foiani
(786) 899-9253
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 19
Last Checked: Aug 23 at 8:48AM
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 Lukas Foiani
Investment Insights
Based on property information with market context.
This 28,782 SF showroom/warehouse is situated on a gated 1.81-acre lot. The property is zoned UC-MCS, permitting a wide range of uses including dealership, EV center, civic, or future mixed-use development. Currently configured as a luxury auto dealership, it includes a dealer license and approved plans for a state-of-the-art facility. The property features 18+ foot clear heights and multiple private offices. Gated parking is available. The property has undergone more than $2 million in recent capital improvements, including new HVAC, plumbing, electrical windows, doors, restrooms, and resurfaced parking. Positioned on a highly visible corner within the NW 7th Avenue CRA, the property benefits from proximity to multi-billion-dollar developments and eligibility for TIF and related growth incentives. The property will be delivered vacant at closing.
Key Highlights
- 28,782 SF showroom/warehouse on a 1.81‑acre gated lot.
- Zoned UC‑MCS, allowing for dealership, EV center, civic, or mixed‑use development.
- Includes a dealer license and approved plans for a state‑of‑the‑art facility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$866,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,335,980
$17.3M
Cap Rate 7%
$12,382,843
$12.4M
Cap Rate 9%
$9,631,100
$9.6M
Market Conditions
NOI Build-Up for 26,568 SF
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.
Gross rent
$1.38M $51.96/SF
− Vacancy
−$142.2K −$5.35/SF
EGI
$1.24M $46.61/SF
− OpEx
−$371.5K −$13.98/SF
NOI
$866.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,335,980
Cap Rate 7%
$12,382,843
Cap Rate 9%
$9,631,100
Alternative Uses
Best Use
Retail
$12.38M
$10.83M – $14.45M
NOI $866,799 @ 7.0% cap · market cap 7.10%
Second Best
Warehouse
$6.19M
$5.42M – $7.22M
NOI $433,416 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$17.93M
$15.69M – $20.92M
NOI $1,255,350 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CISCO Flooring Supplies — 755 NW 79th St, Miami, FL 33150
- Danito Concrete Corp — 1250 NW 79th St Apt 112, Miami, FL 33147
Frequently Asked Questions
What type of property is this?
Showroom - 28,782 SF showroom/warehouse on 1.81-acre lot, prime location.
Where is this showroom located?
The property is located at 8700 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $12,200,000.
What are key features of this property?
This property features: 28,782 SF showroom/warehouse on a 1.81‑acre gated lot.; Zoned UC‑MCS, allowing for dealership, EV center, civic, or mixed‑use development.; Includes a dealer license and approved plans for a state‑of‑the‑art facility.
