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753 NE 79Th St Miami, FL 33138

Outlet malls Google Maps
6,296 SF 0.33 ac lot Built 1951
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.98M
Range $1.78M – $2.17M (±10%)
Property ID US18-5106092

Property summary

AI-generated overview

This exceptional Little River retail property, located at 753 NE 79th St, offers a versatile space ideal for a variety of businesses. The single-story, 5,970 square foot building, constructed in 1990 and renovated in 2016, is classified as Class B and features a total of 21 parking spaces. Currently, the entire 5,970 square feet is available for lease, divisible into units ranging from a minimum of 700 square feet to a maximum contiguous space of 1,400 square feet. Each unit boasts its own private entrance and bathroom, providing convenient and independent operation. The property benefits from high visibility and traffic on NE 79th Street, a major thoroughfare leading to Miami Beach and I-95. With over 40,000 cars passing daily, this location offers unparalleled exposure. The area is experiencing significant growth, surrounded by numerous new residential developments adding thousands of units and boosting local business activity. The zoning is 6101. The property's convenient location, ample parking, and flexible lease terms make it an attractive opportunity for businesses seeking a thriving location in the Little River submarket of North Bay Village. The estimated CAM is $10 per month. The property is situated near Biscayne Boulevard. The APN is 01-32-07-017-0260.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1951
Construction CONCRETE
Total area 6,296 SF
Lot 0.33 ac (14,375 SF)
Zoning code 6101
APN 01-3207-017-0260
UPID US18-5106092

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
  • Loan Service Bank
  • Motorcycle Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.98M

Owner & transaction history

since 2023
Last sale
$1.7M
7 recorded transactions
2023
$1.7M
2022
$600
2018
Price N/A
2018
Price N/A
2016
Price N/A
2015
$1.2M
1969
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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