Property profile

647 79th St Miami, FL 33138

OFF-MARKET
Retail residential properties
Property ID
US18-1470011
4,880 SF 0.19 ac lot Built 1936
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 500-square-foot Class A office space presents a unique opportunity for businesses seeking a prominent location. Situated in a freestanding building behind an established office complex on bustling NE 79th Street, this single-tenant property offers unparalleled visibility and accessibility. The building's strategic placement ensures high traffic flow and easy access for clients and employees. Ample parking is readily available, eliminating parking concerns for both staff and visitors. The interior layout is flexible, catering to a variety of commercial uses, allowing businesses to customize the space to perfectly fit their operational needs. The property is zoned 6101 and features a convenient single-suite configuration, simplifying management and operations. Its freestanding nature provides privacy and a distinct corporate identity, setting it apart from larger office complexes. This is an ideal location for businesses seeking a blend of prime visibility, convenient access, and the privacy of a standalone building. The property's APN is 01-32-07-017-0320. Don't miss this chance to establish your business in this highly desirable location.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1936
Construction CONCRETE
Total area 4,880 SF
Lot 0.19 ac (8,325 SF)
Zoning code 6101
APN 01-3207-017-0320
UPID US18-1470011

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
  • Clothing Store

Location

647 79th St Miami, FL 33138-4766
Miami metro Census 1301 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.78M
Comparable Approach Comparable
$974k
Blend (final) Blend
$1.34M

Owner & transaction history

since 2019
5 recorded transactions
2022
Price N/A
2020
Price N/A
2019
$1.2M
2012
$500,000
2012
Price N/A

Zoning & alternative use

6101 · Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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