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

    2695 7th Ave Miami, FL 33127-4003

    • Automotive properties
    • 1,656 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Sep 08, 2021
    $1,550,000
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0634057
    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

    • Wyn Art Collision & Auto Body Shop Miami / Auto Repair Shop

    Property Details for 2695 7th Ave

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    1,656 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Automotive properties
    APN
    01-3125-047-0300
    APU
    131250470300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,365,000
      ML approach
      $1,525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,221,000
      Market price range: $463k - $3.16M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,340,000
      Current use
      RETAIL STORES
      $1,970,000
      Change: +47% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,840,000
      Change: +37% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,735,000
      Change: +29% Conversion: Moderate
      OFFICE BUILDING
      $1,130,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.207
    Latitude
    25.8017
    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
    $9,797
    $420,800
    $80,215
    $501,015
    -
    $420,800
    $80,215
    $501,015

    Comparable in this City

    • Value Estimation
      $750,000
      12,212 SF

      1140 36th St

      VEHICLE SALES, RENTALS • 12,212 SF
      1140 36th St, Miami, FL 33127-3040
      View Details
    • Value Estimation
      $1,625,000
      6,180 SF

      60 20th St

      VEHICLE SALES, RENTALS • 6,180 SF
      60 20th St, Miami, FL 33127-4930
      View Details
    • Value Estimation
      $14,860,000
      3,549 SF

      753 28th St

      VEHICLE SALES, RENTALS • 3,549 SF
      753 28th St, Miami, FL 33127-4043
      View Details
    • Value Estimation by Request
      288 SF

      346 36th St

      VEHICLE SALES, RENTALS • 288 SF
      346 36th St, Miami, FL 33127-3132
      View Details
    • Value Estimation by Request
      2,025 SF

      3828 2nd Ave

      VEHICLE SALES, RENTALS • 2,025 SF
      3828 2nd Ave, Miami, FL 33127-2920
      View Details
    • Value Estimation by Request
      2,141 SF

      2000 7th Ave

      VEHICLE SALES, RENTALS • 2,141 SF
      2000 7th Ave, Miami, FL 33127-4606
      View Details

    Similar Nearby for Sale

    • $110,000

      Established Restaurant in Downtown Miami

      Operating restaurant in prime location near gas station and expressway.
      1 NW 54Th St, Miami, FL 33127
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    • $8,500,000

      Wynwood Development Site For Sale

      Prime 14,500 SF Wynwood development site with mixed-use potential.
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    • $447,000

      Established Auto Repair Business Opportunity

      Thriving auto repair business for sale in Miami's Wynwood area.
      669 NW 26Th St, Miami, FL 33127
      View Details
    • $5,750,000
      13,028 SF

      Wynwood Flex Space - $5.75M

      13,028 SF Flex Space, Wynwood, Vacant
      2824 5Th Ave, Miami, FL 33127
      View Details
    • $69,000

      Miami Retail Business for Sale

      Established Spa, Motivated Seller
      4304 7Th Ave, Miami, FL 33127
      View Details
    • $15,000,000
      14,500 SF

      Wynwood Retail Property For Sale

      Four-bay retail property anchored by The Dirty Rabbit.
      151 Nw 24Th St, Miami, FL 33127
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    Similar Nearby for Lease

    • $0.22 SF/Yr
      3,000 SF

      Miami Restaurant - 3000 SF

      Prime Miami restaurant space, single tenant, 3000 sq ft.
      791 20Th St, Miami, FL 33127
      View Details
    • $37 SF/Yr
      4,700 SF

      Miami Retail Shops on NW 2nd Ave

      High-visibility retail space, Miami, FL
      5901 2Nd Ave, Miami, FL 33127
      View Details
    • $75 SF/Yr
      5,000 SF

      Wynwood Retail Space Available

      Prime Wynwood location, flexible space, high foot traffic.
      300 29Th St, Miami, FL 33127
      View Details
    • Contact for pricing
      9,000 SF

      Prime Miami Retail Space Available

      9,000 SF Retail/Restaurant Space in Miami
      1451 Miami Ave, Miami, FL 33127
      View Details
    • Contact for pricing
      4,500 SF

      NW 7th Ave Retail Space

      Prime Retail Location, Fully Renovated
      4770 7Th Ave, Miami, FL 33127
      View Details
    • $19 SF/Yr
      12,600 SF

      Allapattah Showroom/Workshop

      12,600 SF Industrial Space, Wynwood Access
      667 29Th St, Miami, FL 33127
      View Details
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    2695 7th Ave
    Miami, FL 33127-4003
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    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
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