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    Miami Industrial Warehouse For Sale Title is generated by Realmo AI

    3480 NW 41st Street, Miami, FL 33142

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    For Sale
    $12,500,000

    Industrial - Miami, FL

    Type:Industrial
    Property size:
    62,664 SF
    Lot size:
    1.17 Acres
    Price / SF:
    $199/SF
    Added:
    Apr 3, 2025
    Days on Market:
    407
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 3480 NW 41st Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    7300
    Parking
    55
    Parking features
    Covered
    Security features
    Fire Sprinkler System
    Interior features
    Fire Sprinkler System
    Standard status
    Active
    APN
    30-31-21-050-0020
    Size
    62,664 SF
    Lot size
    1.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    73632

    Utilities

    Heating system
    Exhaust Fan (Heating)

    Building Details

    Year built
    1968
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Concrete
    Architectural style
    Other

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    Listing Contact
    Jessica Elfakih

    Listing agent Jessica Elfakih

    Listing office The Keyes Company 1400 Alton Rd Ste 201, Miami, FL

    Listing date Apr 3, 2025

    MLS# A11579539 Listing URL

    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.

    HighLights

    • Superb frontage on the #112 / Airport Expressway (190,000+ daily vehicles) for advertising.
    • Strategically located within a mile of Miami International Airport and 2 miles from the Port of Miami/Miami Beach.
    • 62,664 SF Heavy Industrial Warehouse.
    • True two‑story warehouse with +/- 30,000 SF on each floor.
    • Located in an Opportunity Zone (potential tax advantages).
    • Fully sprinklered with twin‑T construction on both roof and 2nd floors.

    Overview

    This 62,664 square foot heavy industrial warehouse is available for sale. The building is a two-story warehouse with approximately 30,000 square feet on each floor. It features frontage on the Airport Expressway, which has a high traffic volume. The warehouse is located approximately one mile from Miami International Airport and about two miles from the Port of Miami and Miami Beach. The building is fully sprinklered and of twin-T construction on both the roof and second floors. A freight elevator is fully functional, and a passenger elevator is present but temporarily out of service. The property is located in an Opportunity Zone, potentially offering tax advantages for investors. The lot size is 1.1713 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    True X Miami ... Car Rental Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self Storage — 3901 nw 29th ave, miami, fl 33142
    • prime — 3901 nw 39th st, miami, fl 33142
    • Stasher Luggage Storage — 4299 NW 36th St, Miami Springs, FL 33166
    • Bounce Luggage Storage - 24/7 Miami Airport — 4299 NW 36th St, Miami, FL 33166
    • Near2Me Self Storage Units — 3601 NW 27th Ave, Miami, FL 33142

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.253369
    Latitude
    25.81234

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    FAQs

    What type of property is this?
    Warehouse - 62,664 SF heavy industrial warehouse near Miami International Airport.
    Where is this warehouse located?
    The property is located at 3480 NW 41st Street Miami, FL.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: Superb frontage on the #112 / Airport Expressway (190,000+ daily vehicles) for advertising.; Strategically located within a mile of Miami International Airport and 2 miles from the Port of Miami/Miami Beach.; 62,664 SF Heavy Industrial Warehouse.
    (800) 438-3973
    We can help!
    Listing Contact
    Jessica Elfakih
    Learn More
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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.

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