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Property profile & analytics
OFF-MARKET Estimated value $2,095,000
Outlet malls

3420 7th St Miami, FL 33125-4014

6,461 SF 0.39 ac lot Built 1954
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US18-1599138
Property summary
AI-generated overview

This exceptional 10,000-square-foot freestanding retail building presents a remarkable opportunity in Miami-Dade County. Located on a prominent corner lot at 3420 NW 7th Street, this property offers unparalleled visibility and accessibility. The building features 5,000 square feet of warehouse space and 5,000 square feet of divisible retail space, perfect for a single large tenant or multiple smaller businesses. The versatile layout is suitable for a wide range of uses, including schools, gyms, medical supply companies, printing companies, cigar companies, art galleries, and more. The building boasts 11 private parking spaces, a twin tee concrete roof with 16-foot clear height, and 3-phase power. The air-conditioned retail and office area encompasses approximately 5,000 square feet of finished space. The property sits on a 16,988-square-foot lot, zoned C-1. Previously used as a cigar showroom and online distribution center, the building is well-maintained and ready for immediate occupancy, with availability starting November 1, 2024. This is an ideal location for businesses seeking high visibility and ample space in a thriving Miami-Dade County market. The APN is 01-41-04-023-4050.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1954
Construction CONCRETE
Total area 6,461 SF
Lot 0.39 ac (16,950 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-4104-023-4050
UPID US18-1599138
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Neptune Cigar SuperStore (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.10M
Owner & transaction history
Wjm Real Estate LLC · 25 yrs held
Wjm Real Estate LLC
since 2001
4 recorded transactions
2011
Price N/A
2001
$630,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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