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    Corner Flex Warehouse Unit Title is generated by Realmo AI

    4796 NW 167th St, Miami Gardens, FL 33014

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    For Lease
    $4,000/Mo $23 SF/Yr (calc)

    Industrial - Miami Gardens, FL

    Type:Industrial
    Property size:
    2,011 SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 1:06 pm

    Property Features for 4796 NW 167th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Industrial
    Zoning
    6200
    Standard status
    Active
    APN
    34-21-18-033-0430

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1976
    Flooring type
    Carpet, Laminate
    Architectural style
    Other

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    Listing Contact
    Romina Arturi
    Romina Arturi

    Listing agent Romina Arturi License #3237110

    Listing office Luxe Properties 55 Merrick Way, Coral Gables, FL

    Listing date Jun 4, 2026

    MLS# A12030001 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

    • 2,011 SF corner commercial unit with high ceilings in Palmetto Expressway Business Park
    • Includes enclosed reception, large open flex space, plus 3 offices and a small room
    • Street‑level roll‑up door at the back for unloading inventory or supplies
    • 2 bathrooms and kitchenette space, plus a stage area
    • Central air cooling; flooring includes carpet and laminate
    • Built in 1976 and available for immediate occupancy; public water provided

    Overview

    This corner flex warehouse unit is move-in ready and includes an enclosed reception area, high ceilings, and a large open flex space. The layout also features three offices, a small room on one side, and a stage on the opposite side. Two bathrooms are included, along with space for a kitchenette. A street-level roll-up door at the rear supports convenient loading and unloading, and the unit also includes an enclosed reception area for customer-facing operations.

    The property is located in the Palmetto Expressway Business Park in Miami Gardens, conveniently positioned next to the Palmetto (826). The offering benefits from corner visibility and ample on-site parking for staff, visitors, and deliveries.

    Previously operated as a church, the space is described as suitable for a range of businesses that need a flexible open area combined with office support and rear loading access. The tenant is responsible for utilities, interior maintenance and repairs, insurance, and business-specific expenses such as permits and any required build-out. Immediate occupancy is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Que Rico ‘Ta — 16800 NW 47th Ave, Miami Gardens, FL 33055
    • Sergio's Catering — 4720 NW 167th St, Miami Gardens, FL 33014
    • CJs Catering — 5190 NW 167th St, Miami Gardens, FL 33014

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.276407
    Latitude
    25.924635

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    FAQs

    What type of property is this?
    Flex space - Move-in ready corner flex unit with offices, enclosed reception, and a street-level roll-up door for practical deliveries.
    Where is this flex space located?
    The property is located at 4796 NW 167th St Miami Gardens, FL.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: 2,011 SF corner commercial unit with high ceilings in Palmetto Expressway Business Park; Includes enclosed reception, large open flex space, plus 3 offices and a small room; Street‑level roll‑up door at the back for unloading inventory or supplies
    (786) 361-9152
    We can help!
    Listing Contact
    Romina Arturi
    Romina Arturi
    Real Estate License ID: 3237110
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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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    4796 NW 167th St, Miami Gardens, FL 33014
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