Operate
Maintain and manage commercial leases while monitoring income, occupancy and operating costs.
Development Concept
Investment & Development Case Study
79 Little River
199 NW 79th Street · Miami, Florida · Existing income today. Transformation tomorrow.
- Land Area
- 28,000 SF
- Leasable Area
- 5,350 SF
- Current Tenants
- 4
- Planned Homes
- 73*
*Proposed concept, subject to approvals.
By the Numbers
28,000Land area (SF)
5,350Leasable area (SF)
4Current tenants
73*Planned homes (concept)
- Property Type
- Commercial, with residential potential
- Strategy
- Income today, development tomorrow
- Status
- Predevelopment concept
- Location
- Little River, Miami
Executive Overview
An asset with two value drivers.
79 Little River is a strategically located commercial property at 199 NW 79th Street, Miami, Florida. The existing warehouse facilities accommodate four tenants and generate rental income while the ownership group advances a proposed 73-unit multifamily development.
The investment thesis. The strategy is to preserve income from the operating property during the predevelopment period, while evaluating the entitlement, design, financing and construction pathway for a residential project. This creates an opportunity to combine current cash flow with a longer-term development strategy.
Income-Producing PropertyDevelopment PlanningLong-Term Value
Project Profile
The project, at a glance.
- Address
- 199 NW 79th Street, Miami, Florida
- Property Type
- Commercial property with residential development potential
- Land Area
- 28,000 SF
- Leasable Area
- 5,350 SF
- Current Use
- Existing warehouse facilities with four tenants
- Proposed Development
- 73-unit multifamily rental concept
- Concept Amenities
- Pool, fitness facility, tenant storage and parking
- Status
- Predevelopment, concept stage
- Regulatory Framework
- Live Local Act pathway, subject to confirmation
Existing Asset
Operating property & rental income.
The property currently supports four commercial tenants, including uses described as an art studio and motorcycle-related operations. The existing warehouse configuration and paved site support interim rental operations while development planning progresses.
The Warehouses
Producing rent while the project moves forward.
Located at a prime corner intersection in the heart of the vibrant and evolving Little River neighborhood, this property is part of an area quickly becoming one of the most sought-after destinations for young professionals in Miami.
Spanning 28,000 square feet of land, the property features 5,350 square feet of leasable area. Currently, it is home to four diverse tenants, including an art studio and a motorcycle team space for their operations.
This property reflects the creative energy and dynamic transformation of Little River, making it a cornerstone of the neighborhood’s exciting future.
Proposed Development
The residential vision.
The proposed project envisions a contemporary mid-rise residential community with 73 rental apartments. Preliminary materials describe a pool, fitness facility, tenant storage and parking.
The design is presented as a concept, not as a representation of approved permits or completed construction.
Live Local Act · Regulatory framework
City of Miami guidance generally requires at least 40% qualifying affordable rental units for up to 120% AMI, maintained for at least 30 years. Project-specific eligibility, unit mix and entitlements require confirmation.
Location & Growth
Positioned for urban transformation.
The conceptual illustration highlights the existing parcel and communicates the potential scale of urban reinvestment around Little River.
Surrounding towers are conceptual illustrations and must not be interpreted as verified, permitted or completed neighboring projects.
Housing Market Context
Why new housing matters.
217,000Households earning below 50% of area median income in Miami-Dade, compared with fewer than 70,000 units affordable at that level
~200,000Additional rental units estimated as needed to address current renter needs (countywide estimate)
The planned 73 homes could add housing supply to the neighborhood, subject to execution and regulatory approval. Countywide shortage estimates support the broader market context; they do not by themselves quantify a Little River-specific shortage or guarantee occupancy, rent growth or investment returns.
Strategy & Next Steps
The value creation roadmap.
Advance
Validate surveys, zoning, Live Local eligibility, site plans, permits and project design.
Structure
Complete development budget, financing, rental assumptions and feasibility analysis.
Execute
Pursue a disciplined construction and stabilization strategy, subject to approvals and capital availability.
79 Little River
Existing income. Future housing. Strategic value.
79 Little River combines an operating commercial asset with the potential for new residential supply in Miami. The investment case is compelling as a strategy, while financial performance and development outcomes remain subject to underwriting, approvals and execution.
No projected profit, IRR, appreciation or development completion date is represented as established.
Approximate location
Location
Little River, Miami.
199 NW 79th Street is in the Little River area of Miami, in Miami-Dade County.
- County
- Miami-Dade
- Coordinates
- 25.848° N · 80.201° W
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A VALSAM development concept.
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