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

    797 70Th St Miami, FL 33150

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0732729
    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

    • Commercial real estate

    Property Details for 797 70Th St

    Property type
    Commercial real estate

    Description

    This exceptional 11,327 square foot commercial land parcel presents a unique investment opportunity in Miami's vibrant Little River neighborhood. Located at 797 NW 70th St, Miami, FL 33150, this property is zoned T4-L, offering significant development potential. The site's efficient layout is perfectly suited for a variety of general commercial uses. Prospective developers will find this location particularly attractive for multifamily projects. Under the Live Local Act, the site could accommodate up to 40 residential units

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.210652
    Latitude
    25.838984

    Comparable in this City

    • $649,000
      0.11 Acres

      Miami Development Opportunity: Two Folios

      Two adjacent lots totaling 10,000 sqft, ideal for development.
      759 NW 73Rd St, Miami, FL 33150
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      Industrial Land Near I-95

      1.258 acres of industrial land, fully gated, near I-95.
      8400 NW 7Th Ave, Miami, FL 33150
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    • $1,365,000

      Vacant Land in Little Haiti

      Development opportunity in Little Haiti near Magic City and Wynwood.
      7030 NW 2Nd Ct, Miami, FL 33150
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      40,500 SF

      Land in Little River Opportunity

      40,500 SF lot suitable for residential, commercial, self-storage.
      8028 NW 6Th Ct, Miami, FL 33150
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    • $3,600,000

      Miami Development Land Opportunity

      Prime 20,906 sq ft lot, mixed-use potential
      174 79Th St, Miami, FL 33150
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    • $695,000
      0.16 Acres

      Miami Development Opportunity Zone Site

      Permit-ready development site in Miami Opportunity Zone.
      Miami, FL 33150
      View Details

    Similar Nearby for Sale

    • $649,000
      0.11 Acres

      Miami Development Opportunity: Two Folios

      Two adjacent lots totaling 10,000 sqft, ideal for development.
      759 NW 73Rd St, Miami, FL 33150
      View Details
    • Contact for pricing

      Industrial Land Near I-95

      1.258 acres of industrial land, fully gated, near I-95.
      8400 NW 7Th Ave, Miami, FL 33150
      View Details
    • $1,365,000

      Vacant Land in Little Haiti

      Development opportunity in Little Haiti near Magic City and Wynwood.
      7030 NW 2Nd Ct, Miami, FL 33150
      View Details
    • Contact for pricing
      40,500 SF

      Land in Little River Opportunity

      40,500 SF lot suitable for residential, commercial, self-storage.
      8028 NW 6Th Ct, Miami, FL 33150
      View Details
    • $3,600,000

      Miami Development Land Opportunity

      Prime 20,906 sq ft lot, mixed-use potential
      174 79Th St, Miami, FL 33150
      View Details
    • $695,000
      0.16 Acres

      Miami Development Opportunity Zone Site

      Permit-ready development site in Miami Opportunity Zone.
      Miami, FL 33150
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Remodeled Two-Bedroom Unit in Miami

      Fully remodeled two-bedroom unit with in-unit laundry and parking.
      7003 NW 6Th Ave, Miami, FL 33150
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    • $1,900 /Mo

      Three Bedroom Duplex For Rent

      Three-bedroom, one-bath duplex with included water and washer/dryer hookup.
      580 NW 95Th St, Miami, FL 33150
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    • $0.09 SF/Yr
      4,827 SF

      NW 6th Ct Warehouse Space

      Modern Industrial Warehouse, Single Tenant
      7744 6Th Ct, Miami, FL 33150
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    • $0.05 SF/Yr
      7,850 SF

      Miami Office Space: 7771 NW 7th Ave

      Modern Miami Office, 7,850 SF
      7771 7Th Ave, Miami, FL 33150
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    • $16 SF/Yr
      2,156 SF

      197 NW 79th St

      Flex space
      197 79Th St, Miami, FL 33150
      View Details
    • $1,805 /Mo

      Cozy Apartment in Little River

      Charming 1-bedroom apartment in a connected Miami neighborhood.
      7638 N Miami Ave, Miami, FL 33150
      View Details
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    797 70Th 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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