Property profile

7931 Biscayne Blvd Miami, FL 33138

OFF-MARKET
Turn key restaurants
Property ID
US18-4629941
1,144 SF 0.06 ac lot Built 1949
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional free-standing retail building is situated on a hard-corner lot at the high-traffic intersection of Biscayne Boulevard and NE 79th Street in Miami's Little River neighborhood. Boasting nearly 70,000 average daily vehicles passing by, this 1,115 square foot property offers unparalleled visibility and exposure for any business. The 0.06-acre lot provides ample space for customer parking and signage. Previously occupied by a national tenant, Metro by T-Mobile, the property is currently available for immediate occupancy by an end-user or presents a compelling investment opportunity for a new tenant. The flexible nature of the tenancy allows for a fresh start with a new lease at market rates, providing significant potential for rental income growth. This prime location in a rapidly developing area of Miami makes this a rare opportunity to acquire a high-visibility retail space in a thriving market. The building's strategic placement ensures maximum exposure to a large and diverse customer base, making it ideal for a wide range of retail businesses. This is a turnkey solution for an owner-occupier or a savvy investor seeking a strong return on investment in a high-demand location. The asking price is $1,295,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1949
Construction CONCRETE
Total area 1,144 SF
Lot 0.06 ac (2,500 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-3207-016-3410
UPID US18-4629941

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
  • Mobile Phone Store Electronics & Wireless Store

Location

7931 Biscayne Blvd Miami, FL 33138-4618
Miami metro Census 1301 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2011
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2017
Price N/A
2011
$450,000
2004
Price N/A

Zoning & alternative use

6100:COMMERCIAL,NEIGHBRHD · 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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