Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1792 79th St Miami, FL 33147-5640

    • Bars
    • 4,094 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0069170
    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.

    Current Use by Public Records

    • Hallapalah / Night Club
    • SEXXY LADY CABARET / Night Club / Bar

    Property Details for 1792 79th St

    Year built
    1949
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    4,094 SF
    Zone code
    6061
    Property type
    Bars
    APN
    30-3110-011-0410
    APU
    3031100110410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $257,000
      Market price range: $258k - $707k

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2272
    Latitude
    25.8462
    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
    $6,522
    $270,000
    $210,788
    $480,788
    -
    $270,000
    $210,788
    $480,788

    Comparable in this City

    • Value Estimation
      $270,000
      1,520 SF

      6209 18th Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 1,520 SF
      6209 18th Ave, Miami, FL 33147-7801
      View Details
    • Value Estimation
      $360,000
      4,016 SF

      7879 27th Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 4,016 SF
      7879 27th Ave, Miami, FL 33147-5552
      View Details
    • Value Estimation
      $310,000
      2,675 SF

      7723 27th Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,675 SF
      7723 27th Ave, Miami, FL 33147-5554
      View Details
    • Value Estimation
      $290,000
      2,842 SF

      9123 22nd Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,842 SF
      9123 22nd Ave, Miami, FL 33147-3555
      View Details
    • Value Estimation
      $355,000
      1,783 SF

      1795 79th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,783 SF
      1795 79th St, Miami, FL 33147-5639
      View Details
    • Value Estimation
      $270,000
      1,110 SF

      2101 79th St

      RESTAURANT • 1,110 SF
      2101 79th St, Miami, FL 33147-5647
      View Details

    Similar Nearby for Sale

    • $2,499,000
      1,529 SF

      Church's Chicken NNN, Miami

      High-Yield NNN Investment, Prime Location
      1155 54Th St, Miami, FL 33147
      View Details
    • $4,000,000
      8,667 SF

      Miami Storefront - $4M

      High-visibility retail space, ample parking.
      2173 62Nd St, Miami, FL 33147
      View Details
    • $2,900,000

      Miami Mixed-Use Retail Opportunity

      Mixed-use property with high traffic and development potential.
      3221 NW 79Th St, Miami, FL 33147
      View Details
    • $275,000

      Hialeah Auto Body Shop Opportunity

      Turnkey auto body shop for sale in prime Hialeah location.
      Turnkey Auto Body Shop For Sale In Prime Hialeah Location, Hialeah, FL 33147
      View Details
    • $1,750,000
      1,763 SF

      Corner Property on Main Thoroughfare

      Corner property suitable for redevelopment or used car sales.
      9333 NW 27Th Ave, Miami, FL 33147
      View Details
    • Contact for pricing

      Coral Way Retail Storefront Opportunity

      960 SQFT commercial storefront in prime Coral Way location.
      7435 SW 24Th St, Miami, FL 33147
      View Details

    Similar Nearby for Lease

    • $4,200 /Mo

      Versatile Retail/Office/Restaurant Space Available

      Adaptable space suitable for retail, office, or restaurant ventures.
      1798 NW 79Th St, Miami, FL 33147
      View Details
    • $17 SF/Yr
      8,667 SF

      Miami Retail Space: 8,667 SF

      Free-standing retail building, fully vacant, high traffic location.
      2173 62Nd St, Miami, FL 33147
      View Details
    • $5,000 /Mo

      Miami Commercial Rental Opportunity

      Excellent visibility and accessibility in a high-demand Miami area.
      1605 NW 95Th St, Miami, FL 33147
      View Details
    • Contact for pricing
      7,069 SF

      Retail Space at Transit Village

      Retail space available in mixed-use, transit-oriented development.
      3160 NW 79Th St, Miami, FL 33147
      View Details
    • Contact for pricing
      2,665 SF

      Retail Space in Liberty City

      Retail space available in anchored community shopping center.
      7900 Nw 27Th Ave, Miami, FL 33147
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space Near Transit Station

      Retail space available in mixed-use development near Northside Metrorail.
      3101 NW 77Th St, 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.
    1792 79th St
    Miami, FL 33147-5640
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.