Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1755 79th St Cswy North Bay Village, FL 33141-4214
    Back to Search
    Property profile & analytics

    1755 79th St Cswy, North Bay Village, FL 33141-4214

    View on Map
    • Parking lots & garages
    • 1.40 lot acres
    Off-Market
    Last Sale Feb 21, 2023
    $35,000,000
    Property ID
    US18-8644966
    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
    $32,385,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1755 79th St Cswy

    Year built
    1945
    Lot size
    1.40 lot acres
    Zone code
    6300:COMMERCIAL,RESTRICT
    Property type
    Parking lots & garages
    APN
    23-3209-000-0110
    APU
    2332090000110

    Description

    This exceptional commercial opportunity presents 13,648 square feet of vacant retail and restaurant space within the prestigious Continuum North Bay Village development in Miami Beach, Florida. Located at 1755 79th Street Causeway, this three-story building offers multiple tenancy options, with spaces ranging from a minimum of 1,565 square feet to a maximum contiguous space of 12,083 square feet. The property is situated in Miami-Dade County, offering unparalleled access to the vibrant Miami Beach waterfront and its affluent residential community. This development boasts a sophisticated design and is part of a larger luxury condominium complex, providing a unique opportunity to establish a business within a high-end, amenity-rich environment. The building's prime location and association with the Continuum brand promise high visibility and significant foot traffic, making it ideal for a variety of retail and restaurant concepts. The expansive space allows for customization to suit individual business needs, offering a blank canvas for creating a truly exceptional commercial presence. This is a rare chance to secure a prominent location in one of Miami's most desirable areas. The address is 1755 79th Street Causeway, Miami Beach, FL 33141.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $27,155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Bay Village
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1492
    Latitude
    25.8492
    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
    $291,050
    $13,398,000
    $26,538
    $13,424,538
    -
    $13,398,000
    $26,538
    $13,424,538

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      7710 Dickens Ave

      PARKING LOT
      7710 Dickens Ave, Miami Beach, FL 33141
      View Details
    • Value Estimation
      $15,480,000
      0.17 Acres

      2095 Bay Dr

      PARKING LOT
      2095 Bay Dr, Miami Beach, FL 33141
      View Details
    • Value Estimation by Request
      0.27 Acres

      N

      PARKING LOT
      N, Bay Village, FL 33141
      View Details
    • Value Estimation by Request
      0.17 Acres

      7409 Harding Ave

      PARKING LOT
      7409 Harding Ave, Miami Beach, FL 33141
      View Details
    • Value Estimation by Request
      0.18 Acres

      7701 Tatum Waterway Dr

      PARKING LOT
      7701 Tatum Waterway Dr, Miami Beach, FL 33141
      View Details
    • Value Estimation by Request
      0.14 Acres

      7737 Tatum Waterway Dr

      PARKING LOT
      7737 Tatum Waterway Dr, Miami Beach, FL 33141
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Space on 71st

      6,129 SF retail space near the beach.
      730 71St St, Miami Beach, FL 33141
      View Details
    • Contact for pricing

      Established Supermarket Business Opportunity

      Commercial premises with established business since 1993.
      7601 E Treasure Dr, North Bay Village, FL 33141
      View Details
    • Contact for pricing

      Retail Space on Collins Avenue

      Retail property available for lease on Collins Avenue.
      7316 Collins Ave, Miami Beach, FL 33141
      View Details
    • Contact for pricing

      Waterfront Commercial Space in North Bay

      Prime commercial space with waterfront access and premium visibility.
      7601 E Treasure Dr, North Bay Village, FL 33141
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Collins Avenue Retail Leasing Opportunity

      Versatile 1,624 SF space on Collins Avenue, Miami Beach.
      6895 Collins Ave, Miami Beach, FL 33141
      View Details
    • Contact for pricing
      3,018 SF

      Miami Beach Retail/Restaurant Space

      Prime location with high visibility and foot traffic.
      1025 71St St, Miami Beach, FL 33141
      View Details
    • Contact for pricing
      1,624 SF

      Collins Avenue Retail Space Available

      Prime 1,624 SF retail space in Miami Beach.
      6899 Collins Ave, Miami Beach, FL 33141
      View Details
    • Contact for pricing

      Prime Storefront in Miami Beach

      Open space with natural light, ideal for retail or office.
      1016 71St St, Miami Beach, FL 33141
      View Details
    • $0.43 SF/Yr
      2,250 SF

      Collins Ave Retail Space For Lease

      Prime Miami Beach Retail, High Foot Traffic
      6942 Collins Ave, Miami Beach, FL 33141
      View Details
    • $37 SF/Yr
      4,596 SF

      Renovated Retail/Office Suite in Miami Beach

      Rare, renovated 800 SF retail/office suite in iconic building.
      1197 71St St, Miami Beach, FL 33141
      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.
    1755 79th St Cswy
    North Bay Village, FL 33141-4214
    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
    1755 79th St Cswy, North Bay Village, FL, 33141
    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!