Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    807 37Th Ave Miami, FL 33125

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    807 37Th Ave Miami, FL 33125

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elegante Cut / Hair Salon

    Property Details for 807 37Th Ave

    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,100 square foot retail space, located at 807 NW 37th Ave, presents a unique investment opportunity. Currently occupied by a thriving, long-established hair care salon with a 35-year history of success, this single-tenant property offers immediate income potential. The salon boasts a sophisticated and welcoming atmosphere, equipped with eight salon chairs and a dedicated area for eyebrow tattooing. A comprehensive range of services is offered, including haircuts, styling, coloring, perms, highlights, and special occasion styling for both men and women. The business benefits from a loyal clientele built over decades of providing exceptional service and customized looks tailored to individual client needs and hair textures. The property is zoned 6100 and its APN is 01-31-32-019-0010. This turnkey operation provides a strong foundation for continued success, making it an attractive proposition for investors seeking a stable and established business. The property's location offers excellent visibility and accessibility, contributing to the salon's ongoing prosperity. This is a rare opportunity to acquire a profitable, established business in a desirable location.

    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
    -80.2556
    Latitude
    25.7802

    Comparable in this City

    • Value Estimation by Request

      308 27Th Ave

      Individual retail properties
      308 27Th Ave, Miami, FL 33125
      View Details
    • Value Estimation by Request
      2,500 SF

      3233 7th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,500 SF
      3233 7th St, Miami, FL 33125-4139
      View Details
    • Value Estimation by Request

      310 27Th Ave

      Retail properties & Spaces
      310 27Th Ave, Miami, FL 33125
      View Details
    • Value Estimation by Request

      Glass And Mirror

      Retail properties & Spaces
      0 Glass And Mirror, Miami, FL 33125
      View Details
    • Value Estimation by Request
      3,780 SF

      80 22nd Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,780 SF
      80 22nd Ave, Miami, FL 33125-5214
      View Details
    • Value Estimation by Request

      497 27Th Ave

      Retail properties & Spaces
      497 27Th Ave, Miami, FL 33125
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,779 SF

      Multifamily and Retail Mixed-Use Property

      Fully occupied multifamily and retail property in high-demand area.
      1730-1732 NW 7Th St, Miami, FL 33125
      View Details
    • $2,300,000
      0.32 Acres

      Miami Mixed-Use Redevelopment Opportunity

      Two lots ideal for redevelopment or rental income.
      1750 NW 7Th St, Miami, FL 33125
      View Details
    • $3,975,000
      Pending

      Miami Mixed-Use Assemblage Opportunity

      Four contiguous parcels near Miami River with redevelopment potential.
      1901 NW 7Th St, Miami, FL 33125
      View Details
    • $2,650,000
      11,324 SF

      Retail/Office Space Near Stadium

      Retail or office space near the new stadium.
      1710 NW 7Th St, Miami, FL 33125
      View Details
    • $1,500,000
      Pending

      Miami Commercial Building on Corner

      Freestanding 4,605 SF commercial building on a 5,900 SF lot.
      101 NW 27Th Ave, Miami, FL 33125
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      8,070 SF

      Prime Flagler Retail Space

      8,070 SF Retail Space - Excellent Location
      497 27Th Ave, Miami, FL 33125
      View Details
    • Contact for pricing

      Commercial Retail Space in Miami

      Retail spaces for lease in the heart of Little Havana.
      1879 NW 7Th St, Miami, FL 33125
      View Details
    • $14,500 /Mo

      Turnkey Restaurant Space in Miami

      Ready-to-operate restaurant space with partially equipped kitchen in high-traffic area.
      45 NW 22Nd Ave, Miami, FL 33125
      View Details
    • Contact for pricing
      37,737 SF

      Retail Space in Little Havana

      Retail space available in a Publix-anchored shopping center.
      121 SW 22Nd Ave, Miami, FL 33125
      View Details
    • Contact for pricing

      Retail Space in Thriving Miami

      Highly visible retail space available for lease in Miami.
      3251 NW 7Th St, Miami, FL 33125
      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.
    807 37Th Ave
    Miami, FL 33125
    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!