Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7379 Bird Rd Miami, FL 33155-6633

    • Drive through restaurants
    • 885 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2024
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6350137
    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

    • Drive through restaurants

    Property Details for 7379 Bird Rd

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.09 lot acres
    Property size
    885 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Drive through restaurants
    APN
    30-4014-008-4510
    APU
    3040140084510

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3145
    Latitude
    25.7333
    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
    $8,779
    $600,000
    $66,560
    $666,560
    -
    $600,000
    $66,560
    $666,560

    Comparable in this City

    • Value Estimation
      $530,000
      3,423 SF

      6898 Bird Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,423 SF
      6898 Bird Rd, Miami, FL 33155-3748
      View Details
    • Value Estimation
      $310,000
      939 SF

      7385 Bird Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 939 SF
      7385 Bird Rd, Miami, FL 33155-6633
      View Details
    • Value Estimation
      $480,000
      4,973 SF

      7901 Bird Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,973 SF
      7901 Bird Rd, Miami, FL 33155-6744
      View Details
    • Value Estimation
      $590,000
      4,744 SF

      7070 Bird Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,744 SF
      7070 Bird Rd, Miami, FL 33155-3716
      View Details
    • Value Estimation
      $365,000
      1,408 SF

      6785 Bird Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,408 SF
      6785 Bird Rd, Miami, FL 33155-3705
      View Details
    • Value Estimation
      $465,000
      2,324 SF

      8195 Bird Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,324 SF
      8195 Bird Rd, Miami, FL 33155-6746
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Air Conditioned Warehouse For Sale

      Air-conditioned warehouse suitable for commercial kitchen, distribution, or import/export.
      4310 SW 73Rd Ave, Miami, FL 33155
      View Details
    • $750,000

      Turnkey Kitchen Commissary For Sale

      Fully equipped commercial kitchen and commissary in central Miami-Dade.
      7188 SW 47Th St, Miami, FL 33155
      View Details
    • $140,000

      Miami Restaurant/Bar for Sale

      Turnkey Restaurant, Prime Miami Location
      0 47Th St, Miami, FL 33155
      View Details
    • $850,000

      Established Italian Restaurant Business Opportunity

      Profitable Miami restaurant for sale, remodeled, loyal clientele.
      40 SW 40Th St, Miami, FL 33155
      View Details
    • $250,000

      Miami Restaurant - Turnkey Opportunity

      Thriving Miami restaurant, ready for new owner.
      0 Flagler St, Miami, FL 33155
      View Details
    • $95,000

      Miami Cafeteria/Bar Business Opportunity

      Cafeteria/Bar with beer and wine license, gaming machines, and seating.
      Cafeteria / Bar For Sale By The Palmetto, Miami, FL 33155
      View Details

    Similar Nearby for Lease

    • $60 SF/Yr
      600 SF

      Bird Road Retail Space For Lease

      650 SF Retail, Miami, FL - Renovated
      8235 40Th St, Miami, FL 33155
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Renovated retail space with ample parking and high foot traffic.
      8672 Bird Rd, Miami, FL 33155
      View Details
    • $3,000 /Mo

      Renovated Retail Space on Bird Road

      Move-in ready retail space in a vibrant Miami location.
      8235 SW 40Th St, Miami, FL 33155
      View Details
    • $13 SF/Yr
      1,000 SF

      Bird Road Retail Space For Lease

      Free-standing retail building, high traffic location.
      6463 Bird Rd, Miami, FL 33155
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Strong Center

      Grocery-anchored neighborhood center in a densely populated market.
      9330-9360 Miller Dr, Miami, FL 33155
      View Details
    • $40 SF/Yr
      5,100 SF

      Retail Space with Open Layout

      Spacious retail space with high traffic and ample parking.
      6550-6578 Bird Rd, Miami, FL 33155
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7379 Bird Rd
    Miami, FL 33155-6633
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.