Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11045 7th Ave Miami, FL 33168-2109
    Back to Search
    Property profile & analytics

    11045 7th Ave, Miami, FL 33168-2109

    View on Map
    • Turn key restaurants
    • 3,479 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Jan 20, 2023
    $1,165,000
    Property ID
    US18-1647412
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 11045 7th Ave

    Year built
    1968
    Construction
    CONCRETE
    Lot size
    0.44 lot acres
    Zone code
    6062
    Property type
    Turn key restaurants
    APN
    30-2136-000-0010
    APU
    3021360000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 2, 2023 — Miami 11045 7 Th Ave LLC — Deed · related $981k · Provide INC
    Jan 20, 2023 $1,165,000 Miami 11045 7th Ave LLC 11045 Nw 7th Avenue LLC Warranty Deed —
    Nov 1, 2016 $650,000 11045 Nw 7th Avenue LLC Michaels Diner Corp Warranty Deed —
    May 18, 2004 — Michaels Diner Corp Mielbriv Enterprises INC Quit Claim Deed · related —
    Aug 29, 2000 $429,300 Mielbriv Enterprises INC Alajarmeh,zyad G Grant Deed —
    Mar 17, 1999 $320,500 Zyad G Alajarmeh Amer J Corp Quit Claim Deed · related —
    — — Michaels Diner Corp — Deed Of Trust · related $50k · Mellon United National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $910,000
      ML approach
      $1,010,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,308,000
      Market price range: $1.26M - $4.59M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2099
    Latitude
    25.8762
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,377
    $677,950
    $272,650
    $950,600
    -
    $677,950
    $272,650
    $950,600

    Comparable in this City

    • Value Estimation by Request
      892 SF

      13495 7th Ave

      RESTAURANT
      13495 7th Ave, North Miami, FL 33168-2815
      View Details
    • Value Estimation by Request
      4,370 SF

      13420 7th Ave

      RESTAURANT
      13420 7th Ave, North Miami, FL 33168-2816
      View Details
    • Value Estimation by Request
      1,056 SF

      14301 7th Ave

      RESTAURANT
      14301 7th Ave, Miami, FL 33168-3011
      View Details
    • Value Estimation by Request
      2,166 SF

      10995 7th Ave

      RESTAURANT
      10995 7th Ave, Miami, FL 33168-2107
      View Details
    • Value Estimation
      $510,000
      3,686 SF

      12485 7th Ave

      RESTAURANT
      12485 7th Ave, North Miami, FL 33168-2605
      View Details
    • Value Estimation by Request
      1,136 SF

      1099 119th St

      RESTAURANT
      1099 119th St, North Miami, FL 33168-6240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,988 SF

      Renovated Restaurant with Patio Seating

      Move-in-ready restaurant with patio, meat market in stable neighborhood.
      990 NW 119Th St, Miami, FL 33168
      View Details
    • $1,990,000
      5,357 SF

      North Miami Retail/Office Opportunity

      Spacious building in North Miami, ideal for office or redevelopment.
      13242 NW 7Th Ave, North Miami, FL 33168
      View Details
    • Contact for pricing
      2,964 SF

      High-Traffic Retail Property For Sale

      Retail property with high visibility and excellent connectivity.
      13250 NW 7Th Ave, North Miami, FL 33168
      View Details
    • $3,300,000

      Fully Occupied Retail Storefront Center

      9,300 SF retail center with diverse tenants and high visibility.
      1057-1085 NW 119Th St, North Miami, FL 33168
      View Details
    • Contact for pricing
      1,430 SF

      New Take 5 Oil Change

      Recently constructed property leased to Take 5 Oil Change.
      15045 NW 7Th Ave, Miami, FL 33168
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,440 SF

      North Miami Retail Space Available

      Versatile retail space in a high-traffic North Miami neighborhood.
      12208 NW 7Th Ave, North Miami, FL 33168
      View Details
    • Contact for pricing
      742 SF

      Retail Space Near Major Roads

      Retail property with frontage on a major commuter road.
      835-865 NW 119Th St N, Miami, FL 33168
      View Details
    • Contact for pricing
      1,680 SF

      Retail Space in Miami Center

      Retail space available in a neighborhood shopping center.
      11000 Northwest 7Th Avenue Cir, Miami, FL 33168
      View Details
    • Contact for pricing
      11,500 SF

      Retail Space in High-Traffic Area

      Retail center with 13,000 SF rentable space on US-441.
      13490 NW 7Th Ave, North Miami, FL 33168
      View Details
    • Contact for pricing
      1,770 SF

      Retail Space Near Major Roadways

      Retail space with frontage on a major commuter road.
      805-839 NW 119Th St, Miami, FL 33168
      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.
    11045 7th Ave
    Miami, FL 33168-2109
    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
    11045 7th Ave, Miami, FL, 33168
    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!