3939 7Th StMiami, FL 33126

Property Details for 3939 7Th St

Year built

1986

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

15,070 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Retail residential properties

APN

01-3132-013-1090

APU

131320131090

Description

This exceptional investment opportunity presents a two-story, 13,000-square-foot shopping center in Miami, Florida. Boasting 100% occupancy with 16 tenants, the property generates a substantial net operating income (NOI) of $320,608, resulting in a compelling 5.67% capitalization rate. Located on NW 7th Street, this prime location benefits from high visibility and traffic, exceeding 28,500 vehicles daily. The 1986-built structure sits on a 19,821-square-foot lot and offers 33 parking spaces. With a total building area of 13,465 square feet, the asking price is $5,650,000, translating to $419.61 per square foot. The property is zoned T6-8 O/Commercial/Mix Use, providing flexibility for future development. Its strategic location offers convenient access to Miami International Airport and the upcoming Inter Miami Soccer Stadium, ensuring strong long-term growth potential. This net-leased investment presents a rare opportunity to acquire a well-performing, multi-tenant retail center in a thriving Miami market. The property features excellent frontage of 146 feet on NW 7th Street.

• CAP approach

  CAP return

  Valuation

  6%

  $5,298,171

  6.5%

  $4,890,620

  7%

  $4,541,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,294,483

  Geo Method

  $3,294,483

• Alternative Use

  Use

  Valuation

  Residential

  $4,890,620

  Hospitality

  $4,479,782

  Educational

  $3,727,126

  Medical

  $3,855,307

  Retail

  $5,797,750

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7791

Longitude

-80.2606

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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