Entity Owned 
For Sale
1 / 6
$4,000,000
3701 Nw 79Th St, Miami, FL 33147
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Property summary
AI-generated overview
This 9,000 square foot lot in Hialeah, Florida, presents a compelling redevelopment opportunity. Currently zoned M1- TOD District, the property features a 3,000 square foot, single-story warehouse built in 1935 with a 20-foot ceiling height. The existing structure offers potential income during the redevelopment phase, with a current occupancy rate of 6%. The property's location within a Transit Oriented Development (TOD) district, coupled with its proximity to major highways, transportation hubs, and Miami International Airport, makes it ideal for a mixed-use development project. Significant redevelopment projects are underway in the surrounding area, further enhancing the property's value and potential. The asking price is $4,000,000, representing a 6.00% cap rate. This is a rare chance to capitalize on the growth of multifamily and commercial development in East Hialeah, with the potential to create high-end residential and commercial units. The property's 9,000 square foot lot provides ample space for a substantial project. This NNN net lease property presents a unique investment opportunity for those seeking a high-return redevelopment project in a rapidly growing area.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1935
Construction
CONCRETE
Total area
2,516 SF
Lot
0.21 ac (9,014 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3108-002-1301
UPID
US18-5310722
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Auto Repair Shop (Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$790k
Owner & transaction history
since 2015
4 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Top alternative use upside
Medical building
$1.1M
+170.8%
Neighborhood: shopping center
$715,000
+75.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 12 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$790k
Value range
$711k – $869k
±10% around blend
Estimated value / SF
$314 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$711k
blend $790k
$869k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,516 SF
Lot area
0.21 ac
Year built
1935
Stories
1
APN
04-3108-002-1301
Zoning
7100:INDUSTRIAL,LIGHT MFG
Assessed value
$770,708
Annual tax
$9,846
3
Income approach: direct capitalization
Partial preview
Income approach indication
$915k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$990k
@ 6.5% CAP return
$915k
@ 7% CAP return
$850k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,846
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$866k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.1 mi away · 2,132 SF
12.4 mi away · 2,496 SF
14.3 mi away · 3,075 SF
15.0 mi away · 1,800 SF
15.0 mi away · 1,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$790k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$162
+94%
Submarket 664 sales
$739
-58%
County 734 sales
$674
-53%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $314/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+171%
vs current-use indication
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.91%
Selected cap rate for this retail residential properties
Derived from the Miami market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.91%
9.0%
NOI (est.)
$236k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.00M
Move the market yield to see immediate price impact.
Value / SF
$1,589
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.41%5.91%6.41%
$213k
$3.93M
$3.60M
$3.32M
$236k
$4.37M
$4.00M
$3.69M
$260k
$4.80M
$4.40M
$4.05M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$699k
6.7 mi · Feb 2026 · $251/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,846
Tax year 2023
Assessed value
$770,708
Assessed 2023
Previous assessed
$352,694
+118.5% YoY
Effective rate
1.28%
On assessed value
Assessed land
$676,050
Assessed improvement
$94,658
Land market value
$676,050
Improvement market value
$94,658
Total market value
$770,708
Applied tax rate
400.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1935
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,516 SF
Lot
0.21 ac (9,014 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3108-002-1301
UPID
US18-5310722
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7100:INDUSTRIAL,LIGHT MFG
Jurisdiction
Miami, FL
Recorded code
7100:INDUSTRIAL,LIGHT MFG
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7100:INDUSTRIAL,LIGHT MFG in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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