Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14th 79Th St Miami, FL 33147
    Back to Search
    Property profile & analytics

    14th 79Th St, Miami, FL 33147

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 14th 79Th St

    Property type
    Specialty properties

    Description

    This exceptional 17,840 square foot vacant lot sits at the highly visible corner of NW 14th Avenue and NW 79th Street in Miami. Currently zoned UC-MC (Urban Center-Mixed Use Corridor), this property offers unparalleled versatility for a range of commercial uses. Ideal for businesses needing ample outside storage space for trucks, equipment, or boats, the lot also presents a fantastic opportunity for seasonal sales operations. Its strategic location provides easy access to I-95, ensuring seamless transportation and connectivity for both employees and customers. The single-tenant property, identified by APN 30-31-11-044-0130, is a blank canvas for development, promising significant potential for growth and return on investment in a bustling commercial zone. The zoning allows for a wide array of commercial activities, making it an attractive proposition for entrepreneurs and investors alike. This is a rare opportunity to acquire a substantial lot in a prime Miami location with excellent visibility and convenient access to major transportation arteries. The property's size and zoning make it suitable for a variety of commercial ventures, offering a compelling investment opportunity in a thriving market. The high traffic area ensures maximum exposure for any business operating from this location. Don't miss this chance to secure a piece of Miami's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Broward
    State
    Florida
    Longitude
    -80.2213
    Latitude
    25.8467

    Comparable in this City

    • Value Estimation by Request

      3138 75Th St

      Specialty properties
      3138 75Th St, Miami, FL 33147
      View Details
    • Value Estimation by Request
      28,650 SF

      2647 87Th St

      Specialty properties
      2647 87Th St, Miami, FL 33147
      View Details
    • Value Estimation by Request
      2,800 SF

      6508 18Th Ave

      Specialty properties
      6508 18Th Ave, Miami, FL 33147
      View Details
    • Value Estimation by Request
      1,920 SF

      6965 15th Ave

      CHARITABLE ORGANIZATION
      6965 15th Ave, Miami, FL 33147-7166
      View Details
    • Value Estimation by Request

      6600 15Th Ave

      Churches & religious facilities
      6600 15Th Ave, Miami, FL 33147
      View Details
    • Value Estimation by Request

      6928 17Th Ave

      Specialty properties
      6928 17Th Ave, Miami, FL 33147
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Auto Dealership Portfolio

      Two established Miami-Dade auto dealerships with strong revenue and profit.
      10301 NW 27Th Ave, Miami, FL 33147
      View Details
    • $1,500,000

      Miami Church Property For Sale

      Move-in ready church near upcoming mixed-use development.
      6891 NW 13Th Ave, Miami, FL 33147
      View Details
    • Contact for pricing
      1,529 SF

      Miami NNN Investment Opportunity

      NNN property in Miami, long-term corporate tenant, near I-95.
      1155 NW 54Th St, Miami, FL 33147
      View Details
    • $1,500,000
      6,750 SF

      Miami Church Property For Sale

      Two-story church property in Miami, ready for immediate occupancy.
      6891 NW 13Th Ave, Miami, FL 33147
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Warehouse in Airport East

      14,356 SF warehouse in Miami's Airport East Industrial corridor.
      7070 NW 35Th Ave, Miami, FL 33147
      View Details
    • Contact for pricing
      59,161 SF

      Warehouse with Air-Conditioned Office

      Warehouse with air-conditioned office space and convenient airport access.
      6721 Northwest 36Th Ave, Miami, FL 33147
      View Details
    • $2,250 /Mo
      17,106 SF

      Store Front in Newer Building

      Store front available with parking in a newer building.
      9150 NW 22Nd Ave, Miami, FL 33147
      View Details
    • Contact for pricing
      11,118 SF

      Miami Warehouse Space Available

      Warehouse space available for lease in Miami, Florida.
      6831 NW 37Th Ave, Miami, FL 33147
      View Details
    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.
    14th 79Th St
    Miami, FL 33147
    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

    Thank You for Inquiry
    14th 79Th St, Miami, FL, 33147
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!