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

    401 NW 79Th St Miami, FL 33150

    • Automotive properties
    • 4,041 SF
    • 0.24 lot acres
    For Sale
    View listing
    $3,195,000
    Last Sale
    May 02, 2022
    $1,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3827670
    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

    • Ventura Boats Miami / Boat Dealer
    • Pinnacle Auto Leasing / Car Leasing Service
    • Imagine Lifestyles / Car Leasing Service / Car Rental Agency
    • Brake Service Falken / Auto Repair Shop
    • Miami Beach / Apartment Complex

    Property Details for 401 NW 79Th St

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    4,041 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Automotive properties
    APN
    01-3112-023-1890
    APU
    131120231890

    Description

    This exceptional 4,791-square-foot industrial flex space at 401 NW 79th St, Miami, FL 33150, presents a unique investment or owner-user opportunity. Located in Little River, a thriving sub-market experiencing significant redevelopment and attracting substantial investment, this property benefits from its position within a Qualified Opportunity Zone and its designation as Flood Zone "X". The single-story building features recently renovated mechanical, electrical, and plumbing systems, along with a roof covered by a warranty, ensuring peace of mind. High ceilings, integrated smart security systems, and spacious offices provide a modern and functional workspace. Grade-height loading facilitates efficient operations, while on-site gated and secured private parking offers eight spaces for added convenience and security. The 205-foot frontage provides excellent visibility and accessibility. This freestanding building is ideally suited for a variety of uses, including a private car collection with accompanying office and recreational space. Its strategic location offers easy access to major roadways, enhancing its appeal to both investors and end-users. The property's APN is 01-31-12-023-1890 and is zoned 6100.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,775,000
      ML approach
      $1,830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,018,000
      Market price range: $1.59M - $3.99M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,680,000
      Current use
      OFFICE BUILDING
      $2,755,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $2,310,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2037
    Latitude
    25.8475
    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
    $25,422
    $1,050,000
    $186,709
    $1,236,709
    -
    $1,050,000
    $186,709
    $1,236,709

    Comparable in this City

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      9696 7th Ave

      VEHICLE SALES, RENTALS • 11,611 SF
      9696 7th Ave, Miami, FL 33150-1806
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    • Value Estimation
      $835,000
      120 SF

      490 79th St

      VEHICLE SALES, RENTALS • 120 SF
      490 79th St, Miami, FL 33150-2871
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    • Value Estimation
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      14,713 SF

      7122 2nd Ct

      VEHICLE SALES, RENTALS • 14,713 SF
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    • Value Estimation by Request
      2,698 SF

      590 71st St

      VEHICLE SALES, RENTALS • 2,698 SF
      590 71st St, Miami, FL 33150-3750
      View Details
    • Value Estimation
      $680,000
      963 SF

      524 71st St

      VEHICLE SALES, RENTALS • 963 SF
      524 71st St, Miami, FL 33150-3730
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Little River Industrial Land Assemblage

      9,245 SF industrial land in booming Little River.
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      Little River Bodyshop For Sale

      Bodyshop in Little River industrial corridor with 3-phase power.
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      Development Site in Opportunity Zone

      14,560 SF infill development site zoned T6-8-O.
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      Creative Space in Little River

      Creative space ideal for office, retail, gallery, and dry goods.
      7000 NW 2Nd Ave, Miami, FL 33150
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      Retail space with high visibility and strong transportation access.
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      Prime location with redevelopment potential in booming Miami corridor.
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    Similar Nearby for Lease

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      7750 NW 7th Ave Retail Space

      Miami Retail & Office Opportunity
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      View Details
    • $24 SF/Yr
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      View Details
    • New
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      10,000 SF

      Retail Space Available For Rent

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      1,333 SF

      Retail Space Available for Rent

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    • $1,850 /Mo
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      Retail Space Near I-95

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    401 NW 79Th St
    Miami, FL 33150
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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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