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Property profile & analytics
OFF-MARKET Estimated value $900,000
Outlet malls

633 79th St Miami, FL 33138-4709

2,400 SF 0.23 ac lot Built 1965
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US19-0612130
Property summary
AI-generated overview

This exceptional 0 sq. ft. lot at 633 NE 79th St in Miami offers unparalleled visibility and accessibility. Situated in a high-traffic area with over 40,000 cars passing daily, this property is perfect for a pop-up food truck hub or similar venture. Its location on the bustling 79th Street corridor, in the heart of Miami's Upper East Side, ensures high foot traffic and significant brand exposure. The lot benefits from its proximity to Biscayne Boulevard, enhancing its appeal and accessibility. Its strategic position provides easy connectivity, with eastward access to the ocean and westward access to Highway 95, ensuring convenient access for both customers and suppliers. The property is zoned 6101 and has an APN of 01-32-07-017-0310. The site includes 20 parking spaces, making it convenient for customers and staff. This single-tenant property presents a unique opportunity to capitalize on Miami's vibrant culinary scene and high-traffic location. The property is classified as Industrial, Special Purpose, and is a warehouse subtype. This is a truly exceptional opportunity for a dynamic business seeking high visibility and convenient access in a prime Miami location.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1965
Construction CONCRETE
Total area 2,400 SF
Lot 0.23 ac (9,990 SF)
Zoning code 6101
APN 01-3207-017-0310
UPID US19-0612130
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
  • Fusioncuisine food truck Argentinean food and cuban food Restaurant
  • Sabor a Mar miami Restaurant
  • Chapi Taco Take-out & Catering Catering Service
  • IYAYA Restaurant
  • Thaicubano Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.21M
Comparable Approach Comparable
by Request
Blend (final) Blend
$900k
Owner & transaction history
Florvest LLC · 8 yrs held
Florvest LLC
since 2017
6 recorded transactions
2017
$800,000
2017
Price N/A
2005
$450,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6101 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.2M +10.4%
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