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

    72 NW 79Th St Miami, FL 33150

    • Retail properties
    • 4,115 SF
    • 0.20 lot acres
    For Sale
    View listing
    $3,200,000
    Last Sale
    Jul 13, 2021
    $2,475,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4483682
    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

    • Delishe / Food Market / Restaurant

    Property Details for 72 NW 79Th St

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.20 lot acres
    Property size
    4,115 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Retail properties
    APN
    01-3112-057-0010
    APU
    131120570010

    Description

    This exceptional Miami retail property, located at 72 NW 79th St, offers a unique opportunity for a discerning buyer. The single-story, 4,065 square foot building sits on an 8,640 square foot lot and was constructed in 1960. Ideal for food service or similar businesses, the property boasts a substantial industrial kitchen, complete with two large walk-in refrigerators and two freezers. Recent upgrades include brand new electrical and gas service, as well as a newly serviced 180-square-foot kitchen hood. The space also includes a presentation kitchen area, multiple administrative/office prep spaces, and high-end security features for peace of mind. Its strategic location provides easy access to major transportation arteries, being just three minutes from I-95 and within minutes of a significant portion of the Miami-Dade MSA population. The asking price for this turnkey operation is $3,200,000. This is a rare opportunity to acquire a well-equipped, conveniently located retail space in a thriving Miami market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,225,000
      ML approach
      $3,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,029,000
      Market price range: $813k - $2.03M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,805,000
      AUTO REPAIR, GARAGE
      $2,730,000
      RETAIL STORES
      $2,355,000
      MEDICAL BUILDING
      $1,805,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1983
    Latitude
    25.8471
    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
    $42,735
    $864,000
    $1,214,900
    $2,078,900
    -
    $864,000
    $1,214,900
    $2,078,900

    Comparable in this City

    • Value Estimation
      $570,000
      11,060 SF

      9100 7th Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,060 SF
      9100 7th Ave, Miami, FL 33150-2002
      View Details
    • Value Estimation
      $730,000
      2,280 SF

      6912 7th Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,280 SF
      6912 7th Ave, Miami, FL 33150
      View Details
    • Value Estimation by Request
      4,074 SF

      10396 7th Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,074 SF
      10396 7th Ave, Miami, FL 33150-1002
      View Details
    • Value Estimation
      $2,250,000
      11,534 SF

      6921 7th Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,534 SF
      6921 7th Ave, Miami, FL 33150-3809
      View Details
    • Value Estimation by Request
      2,600 SF

      7526 7th Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,600 SF
      7526 7th Ave, Miami, FL 33150-3346
      View Details
    • Value Estimation
      $545,000
      2,368 SF

      82 79th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,368 SF
      82 79th St, Miami, FL 33150-3052
      View Details

    Similar Nearby for Sale

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      Little River Development Site

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    Similar Nearby for Lease

    • $25 SF/Yr
      15,485 SF

      7750 NW 7th Ave Retail Space

      Miami Retail & Office Opportunity
      7750 7Th Ave, Miami, FL 33150
      View Details
    • $24 SF/Yr
      5,000 SF

      Retail Space in Miami

      5,000 square feet retail space available for lease.
      80 NW 72Nd St, Miami, FL 33150
      View Details
    • New
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      North Miami Healthcare/Retail/Office/Flex Building

      Stand-alone building suitable for healthcare, retail, office, or flex use.
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    • Contact for pricing
      10,000 SF

      Retail Space Available For Rent

      Retail space available for rent in Miami, FL.
      551 NE 81St St, Miami, FL 33150
      View Details
    • Contact for pricing
      1,333 SF

      Retail Space Available for Rent

      Retail space available for rent in Miami, Florida.
      553-561 NE 79Th St, Miami, FL 33150
      View Details
    • $1,850 /Mo
      750 SF

      Retail Space Near I-95

      Retail space available now, conveniently located near I-95.
      8423-8429 NW 7Th Ave, Miami, FL 33150
      View Details
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    72 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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