Mixed-Use Industrial
For Sale
$15,000,000
3300 & 3326 NW S River Dr, Miami, FL 33142
Commercial Sale, Miami, FL
Property Size17,864 SF
Lot Size0.97 Acres
Price / SF$839.68
Days on Market33
Property Features for 3300 & 3326 NW S River Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6118
Subdivision
31
Standard status
Active
APN
30-31-28-009-0370
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
STREAMLAND GARDENS PB 17-27 LOTS 5 & 6 LESS NE10FT FOR RD BLK 2 B LOT SIZE 32000 SQUARE FEET OR 20253-1572 0302 1
Legal Description
STREAMLAND GARDENS PB 17-27 LOTS 5 & 6 LESS NE10FT FOR RD BLK 2 B LOT SIZE 32000 SQUARE FEET OR 20253-1572 0302 1
Building Details
Year built
1966
Number of units
1
Architectural style
Other
Listing Agency:
Fortune Christie's Intl R.E.
(305) 856-2600
Listed By:
Monica Hurtado · License #3298858
(786) 380-5318
Added: Aug 19
Changed: Sep 14
Last Checked: Sep 20 at 2:06PM
MLS# A12002796
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Miami assemblage combines two properties with approximately +/-42,454 SF of land and approximately +/-17,864 SF of combined building area. The improvements include a corner property occupied by restaurant and logistics tenants, along with a second property associated with automotive collision, body shop, and paint spray booth operations. The existing buildings date to 1966 and provide an established base for commercial use.
Located at 3300 and 3326 NW South River Drive, the property sits within Miami’s River corridor and offers access to area transportation routes, airport logistics, and commercial infrastructure. The site’s documented operating history and existing tenant presence support a range of automotive, marine, warehouse, logistics, contractor storage, showroom, and flex industrial applications, subject to applicable approvals.
Located at 3300 and 3326 NW South River Drive, the property sits within Miami’s River corridor and offers access to area transportation routes, airport logistics, and commercial infrastructure. The site’s documented operating history and existing tenant presence support a range of automotive, marine, warehouse, logistics, contractor storage, showroom, and flex industrial applications, subject to applicable approvals.
Key Highlights
- Two‑property assemblage with approximately +/-42,454 SF of land
- Approximately +/-17,864 SF of combined building area
- 3300 NW South River Drive includes restaurant and logistics tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$582,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,656,500
$11.7M
Cap Rate 7%
$8,326,071
$8.3M
Cap Rate 9%
$6,475,833
$6.5M
Market Conditions
NOI Build-Up for 17,864 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$928.2K $51.96/SF
− Vacancy
−$95.6K −$5.35/SF
EGI
$832.6K $46.61/SF
− OpEx
−$249.8K −$13.98/SF
NOI
$582.8K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,656,500
Cap Rate 7%
$8,326,071
Cap Rate 9%
$6,475,833
Alternative Uses
Best Use
Retail
$8.33M
$7.29M – $9.71M
NOI $582,825 @ 7.0% cap · market cap 3.89%
Second Best
Mixed Use
$6.03M
$5.28M – $7.03M
NOI $422,037 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$12.06M
$10.55M – $14.07M
NOI $844,082 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-property commercial assemblage with occupied buildings, automotive operating history, and flexible industrial-use potential.
Where is this mixed-use property located?
The property is located at 3300 & 3326 NW S River Dr Miami, FL.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Two‑property assemblage with approximately +/-42,454 SF of land; Approximately +/-17,864 SF of combined building area; 3300 NW South River Drive includes restaurant and logistics tenants
