Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $3,135,000
    Drive through restaurants

    1515 7th St, Miami, FL 33125-3603

    2,620 SF 0.56 ac lot Built 2001
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US18-5085104
    Property summary
    AI-generated overview

    This exceptional 2,620-square-foot former Wendy's quick-service restaurant building, situated on a 0.56-acre lot in Miami's Little Havana submarket, presents a unique investment opportunity. Vacant since Q2 2024, the single-tenant building boasts a prime location on NW 7th Street, a major commercial thoroughfare, offering excellent visibility and accessibility. The property benefits from 28 parking spaces and enjoys exceptional frontage along NW 7th Street, with multiple access points. Its strategic location across from Loan Depot Park, home of the Miami Marlins, ensures high traffic volume and exposure. Furthermore, its proximity to major roadways, sports venues, recreational areas, schools, and three major hospitals (within 1.5 miles) provides a strong customer base and significant potential for future development. The surrounding area is densely populated with residential neighborhoods, creating a built-in customer base for any new tenant. The property's zoning is T6 8 O, and the Miami-Dade County APN is 01-3135-080-0010. Built in 2001, this one-story building offers significant potential for a variety of quick-service restaurant or retail uses. The property's size and location make it an ideal investment for those seeking a high-traffic, high-visibility location in a thriving Miami neighborhood.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2001
    Construction CONCRETE
    Total area 2,620 SF
    Lot 0.56 ac (24,193 SF)
    Zoning code 6100:COMMERCIAL,NEIGHBRHD
    APN 01-3135-080-0010
    UPID US18-5085104
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • MUSIC MANAGEMENT Music Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.46M
    Blend (final) Blend
    $3.14M
    Owner & transaction history
    Ralgo On Nw 7 Street LLC · 1 yrs held
    Ralgo On Nw 7 Street LLC
    since 2024
    Last sale
    $3.0M
    4 recorded transactions
    2024
    $3.0M
    2014
    $7.1M
    2012
    1969
    Zoning & alternative use
    6100:COMMERCIAL,NEIGHBRHD · Miami, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1515 7th St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    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