Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3014 7th Ave Miami, FL 33127

    • Retail residential properties
    • 552 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2521137
    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

    • Retail residential properties

    Property Details for 3014 7th Ave

    Year built
    1920
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.09 lot acres
    Property size
    552 SF
    Zone code
    4801:RESID-LIMITED RETAIL
    Property type
    Retail residential properties
    APN
    01-3126-005-0030
    APU
    131260050030

    Description

    This exceptional investment opportunity presents a thriving restaurant space in the heart of Miami's Allapattah neighborhood. Located at 3014 NW 7th Ave, this 3,504 square foot property sits on a substantial 15,500 square foot lot and is zoned T4-O. The property's strategic location offers high visibility and accessibility, making it ideal for a variety of restaurant concepts. The building's versatile layout is perfect for creating a unique and memorable dining experience. This offering actually encompasses four contiguous lots (3002 NW 7th Ave, 3010 NW 7th Ave, 3014 NW 7th Ave, and 725 NW 30th St), providing ample space for expansion or outdoor seating. The property's potential extends beyond traditional restaurant operations; its zoning and size make it suitable for an outdoor market, boutique retail, or a beer and wine establishment, catering to the vibrant local community and the increasing number of visitors to the area. This combined property presents a rare chance to establish a successful business in one of Miami's most dynamic and up-and-coming neighborhoods. The asking price for this exceptional property is $2,900,000. Don't miss this chance to own a piece of Miami's exciting future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2076
    Latitude
    25.8053
    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
    $5,052
    $223,200
    $49,001
    $272,201
    -
    $223,200
    $49,001
    $272,201

    Comparable in this City

    • Value Estimation
      $600,000
      1,848 SF

      3530 Miami Ave

      STORES & APARTMENTS • 1,848 SF
      3530 Miami Ave, Miami, FL 33127
      View Details
    • Value Estimation by Request
      1,464 SF

      3590 10th Ave

      STORES & APARTMENTS • 1,464 SF
      3590 10th Ave, Miami, FL 33127
      View Details
    • Value Estimation
      $995,000
      3,853 SF

      2007 7th Ave

      STORES & APARTMENTS • 3,853 SF
      2007 7th Ave, Miami, FL 33127-4605
      View Details
    • Value Estimation
      $530,000
      1,870 SF

      5246 7th Ave

      STORES & APARTMENTS • 1,870 SF
      5246 7th Ave, Miami, FL 33127-2047
      View Details
    • Value Estimation
      $500,000
      1,755 SF

      1021 21st St

      STORES & APARTMENTS • 1,755 SF
      1021 21st St, Miami, FL 33127-4537
      View Details
    • Value Estimation
      $1,310,000
      4,413 SF

      55 25th St

      STORES & APARTMENTS • 4,413 SF
      55 25th St, Miami, FL 33127-4415
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Retail Space in Allapattah

      Ground-floor retail space in a mixed-use building in a growing neighborhood.
      1120 Nw 29Th St, Miami, FL 33127
      View Details
    • $1,700,000
      Pending

      Mixed-Use Property in Miami

      Mixed-use property in a great Miami location.
      3811 NW 2Nd Ave, Miami, FL 33127
      View Details
    • Contact for pricing

      Modern Industrial Live-Work Loft

      Modern industrial loft in Miami's Creative District.
      250 NW 23 405, Miami, FL 33127
      View Details
    • $700,000

      Wynwood Loft Building - Miami, FL

      Prime Wynwood mixed-use investment opportunity.
      250 23Rd St, Miami, FL 33127
      View Details
    • $650,000
      0.13 Acres

      Wynwood Norte Development Opportunity

      Mixed-use development opportunity in Wynwood Norte with existing billboard income.
      321 NW 37Th St, Miami, FL 33127
      View Details
    • $1,350,000

      Wynwood Mixed-Use Investment Opportunity

      Dual-address corner lot with income potential in Wynwood North.
      203 NW 35Th St, Miami, FL 33127
      View Details

    Similar Nearby for Lease

    • $4,100 /Mo

      Remodeled Live/Work Space in Miami

      Fully remodeled live/work space near Miami Design District.
      181 NW 44Th St, Miami, FL 33127
      View Details
    • $2,200 /Mo

      Miami 3-Bedroom Unit For Rent

      Charming 3-bedroom unit near Miami Design District.
      182 NW 51St 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
    • $6,500 /Mo

      Freestanding Retail Building For Lease

      High-visibility corner retail building in Miami available for lease.
      4340 NW 7Th Ave, Miami, FL 33127
      View Details
    • $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
    • $1.18 SF/Yr
      40,068 SF

      Wynwood Loft Office Space For Lease

      Spacious Wynwood office, perfect live/work.
      250 23Rd St, Miami, FL 33127
      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.
    3014 7th Ave
    Miami, FL 33127
    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.
    Sign Up Successful!
    You now have access to more from Realmo!