Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3051 7th St Miami, FL 33125-4242
    Back to Search
    Property profile & analytics

    3051 7th St, Miami, FL 33125-4242

    View on Map
    • Outlet malls
    • 5,672 SF
    • 0.27 lot acres
    Off-Market
    Last Sale Apr 25, 2025
    $2,100,000
    Property ID
    US18-3109126
    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
    $2,100,000
    Show details
    Cap Rate Potential
    9.3%
    Outlet malls
    Location Intelligence

    Current Use by Public Records

    • Sobe Laundry Service / (Bike/Boat/Book/etc) Store
    • El Laundry 2 / (Bike/Boat/Book/etc) Store

    Property Details for 3051 7th St

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.27 lot acres
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    01-3133-018-0011
    APU
    131330180011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 25, 2025 — Caleopis Lllp Eduardo Passariello Deed · related —
    Apr 25, 2025 $2,100,000 Misan 3051 LLC Caleopis Lllp Warranty Deed $1.6M · Caleopis Lllp
    Jul 25, 2007 — E & M-2 Land Trust Passariello E & M Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,990,000
      ML approach
      $1,780,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,085,000
      6.5%
      $2,845,000
      7%
      $2,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,522,000
      Market price range: $1.60M - $6.63M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,245,000
      Current use
      COMMERCIAL (GENERAL)
      $2,895,000
      Change: -11% Conversion: Easy
      OFFICE BUILDING
      $2,645,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2453
    Latitude
    25.7797
    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
    $19,051
    $802,032
    $309,747
    $1,111,779
    -
    $802,032
    $309,747
    $1,111,779

    Comparable in this City

    • Value Estimation
      $670,000
      2,273 SF

      1801 17th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      1801 17th Ave, Miami, FL 33125-2330
      View Details
    • Value Estimation
      $2,665,000
      8,955 SF

      1808 17th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      1808 17th Ave, Miami, FL 33125
      View Details
    • Value Estimation
      $2,095,000
      6,461 SF

      3420 7th St

      WHOLESALE OUTLET, DISCOUNT STORE
      3420 7th St, Miami, FL 33125-4014
      View Details
    • Value Estimation
      $3,420,000
      9,033 SF

      2090 7th St

      WHOLESALE OUTLET, DISCOUNT STORE
      2090 7th St, Miami, FL 33125-3423
      View Details
    • Value Estimation
      $2,845,000
      9,446 SF

      701 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      701 27th Ave, Miami, FL 33125-3012
      View Details
    • Value Estimation
      $1,540,000
      4,403 SF

      1516 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      1516 27th Ave, Miami, FL 33125-2136
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flagami Area Retail Opportunity

      Retail property in Flagami area with diverse tenant mix.
      801 Northwest 37Th Ave, Miami, FL 33125
      View Details
    • Contact for pricing

      Ground Level Retail Space Available

      Ground level retail space suitable for restaurants, retail, and office.
      501 Marlins Way, Miami, FL 33125
      View Details
    • Contact for pricing
      11,324 SF

      Retail/Office Space Near Stadium

      Retail or office space near the new stadium.
      1710 NW 7Th St, Miami, FL 33125
      View Details
    • Contact for pricing

      Restaurant Bar Sublease Space

      Turnkey bar and dining setup in a busy shopping center, with outside maintenance included and CAM paid by the tenant.
      6935 Taft St, Hollywood, FL 33125
      View Details
    • Contact for pricing

      Versatile Freestanding Building For Sale

      10,000 SF building with warehouse and retail space.
      3420 NW 7Th St, Miami, FL 33125
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      8,070 SF

      Prime Flagler Retail Space

      8,070 SF Retail Space - Excellent Location
      497 27Th Ave, Miami, FL 33125
      View Details
    • New
      $2,800 /Mo
      165,615 SF

      Hollywood Retail Sublease Opportunity

      Retail space in busy Hollywood shopping center available for sublease.
      6935 Taft St, Hollywood, FL 33125
      View Details
    • $28 SF/Yr
      5,001 SF

      NW 7th Street Retail Space

      Rare retail/office space in Little Havana with high traffic.
      3100 NW 7Th St, Miami, FL 33125
      View Details
    • Contact for pricing

      Commercial Retail Space in Miami

      Retail spaces for lease in the heart of Little Havana.
      1879 NW 7Th St, Miami, FL 33125
      View Details
    • $10,000 /Mo
      8,999 SF

      Prime Flex Office Opportunity

      Standalone single-story office building with flexible spaces for lease.
      1888 NW 7Th St, Miami, FL 33125
      View Details
    • Contact for pricing

      Renovated Office/Retail Space Near 836

      Renovated office/retail space with excellent visibility and convenient parking.
      2217 NW 7Th St, Miami, FL 33125
      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.
    3051 7th St
    Miami, FL 33125-4242
    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
    3051 7th St, Miami, FL, 33125
    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!