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    Freestanding Building on Bird Road Title is generated by Realmo AI

    7254 Bird Rd, Miami, FL 33155

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    2,190 SF retail building with high visibility and traffic.

    Type:Retail
    Property size:
    2,190 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $1,095/SF
    Added:
    May 29, 2024
    Days on Market:
    738
    Last Refresh:
    May 12 at 9:25 pm

    Property Features for 7254 Bird Rd

    General Information

    Standard status
    Active
    Size
    2,190 SF
    Lot size
    0.12 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Aida Nolan-Rodriguez

    Listing agent Aida Nolan-Rodriguez License #FL 627870

    Listing office Lee & Associates - Miami

    Listing date May 29, 2024

    Source Crexi

    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 Lee & Associates - Miami

    HighLights

    • High daily traffic count of 64,500 AADT ensures maximum visibility.
    • Prime retail location with 54 feet of frontage on 40th Street (Bird Road).
    • Excellent accessibility to major expressways: Palmetto (SR/826), Don Shula (SR/874), and US‑1.
    • Located in the thriving West Miami submarket with a Walk Score of 81.
    • Zoned BU‑1A, catering to various commercial uses.
    • Freestanding 2,190 SF building with a pylon sign and six dedicated parking spaces.

    Overview

    This 2,190 SF freestanding building is situated on a 0.12-acre lot in West Miami. The property is zoned BU-1A, offering flexibility for various commercial uses. It features a pylon sign, 54 feet of frontage on 40th Street (Bird Road), and six dedicated parking spaces. The location benefits from a Walk Score of 81 and proximity to major retailers such as Target, Best Buy, and Publix. Transportation routes are easily accessible, including a 3-minute drive to the Palmetto Expressway (SR/826), a 5-minute drive to the Don Shula Expressway (SR/874), and 3.8 miles to US-1. The property experiences a high daily traffic count of 64,500 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heaven Cycle Motorcycle Shop

    Suggested Use

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

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

    Similar Places Nearby

    • House of Design Events — 7028 SW 46th St, Miami, FL 33155
    • Vivian Colls Events — 7174 SW 47th St, Miami, FL 33155
    • Fleur Details — 4608 SW 75th Ave, Miami, FL 33155
    • Coral Flower Boutique — 4728 SW 72nd Ave, Miami, FL 33155
    • C S Orchids Inc — 4936 SW 75th Ave, Miami, FL 33155

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.312328
    Latitude
    25.732875

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    FAQs

    What type of property is this?
    Storefront property - 2,190 SF retail building with high visibility and traffic.
    Where is this storefront property located?
    The property is located at 7254 Bird Rd Miami, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: High daily traffic count of 64,500 AADT ensures maximum visibility.; Prime retail location with 54 feet of frontage on 40th Street (Bird Road).; Excellent accessibility to major expressways: Palmetto (SR/826), Don Shula (SR/874), and US‑1.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aida Nolan-Rodriguez
    Real Estate License ID: FL 627870
    Request Owner's contact information
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    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.

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