Distribution Center with Eighteen-Foot
For Sale
$1,799,999
67 NW 166th St, Miami, FL 33169
COMMERCIAL - Other - Miami, FL
Property Size3,145 SF
Lot Size0.16 Acres
Price / SF$572.34
Days on Market86
Property Features for 67 NW 166th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6400
Subdivision
22
Standard status
Active
APN
30-21-13-007-3260
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
OLETA TERRACE PB 8-117 LOTS 37 & 38 BLK 14 LOT SIZE 50.000 X 135 OR 18186-4568 0598 4 COC 23318-0737 04 2005 1
Tax Annual Amount
5395
Legal Description
OLETA TERRACE PB 8-117 LOTS 37 & 38 BLK 14 LOT SIZE 50.000 X 135 OR 18186-4568 0598 4 COC 23318-0737 04 2005 1
Utilities
Water source
Public
Building Details
Year built
1973
Architectural style
Other
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Shevaun Gandy · License #3097141
(305) 244-2398
Added: May 21
Changed: Aug 4
Last Checked: Aug 14 at 5:06AM
MLS# A11571428
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.
Freestanding distribution center for sale in North Miami Beach’s industrial/retail corridor. The property includes 18 ft ceilings, a 3,145 SF distribution and storage area, and an 800 SF mezzanine. It also features updated electrical, 2 AC units, 2 bathrooms, a newer exterior fence, and 11 private parking spaces. With a 6,750 SF lot, the site provides room for fleet and delivery vehicles, and the building is positioned to accommodate a single-tenant or multi-tenant setup with the option to add a dividing wall.
The facility is described as having easy access to the Golden Glades Interchange, supporting day-to-day logistics operations and access for deliveries.
The seller notes the building can develop up to 5 stories office, offering flexibility for an owner-user, investment, or corporate headquarters use. Water is provided via public service. The property was built in 1973.
The facility is described as having easy access to the Golden Glades Interchange, supporting day-to-day logistics operations and access for deliveries.
The seller notes the building can develop up to 5 stories office, offering flexibility for an owner-user, investment, or corporate headquarters use. Water is provided via public service. The property was built in 1973.
Key Highlights
- Freestanding distribution center at 67 NW 166th St, Miami, FL 33169
- 3,145 SF distribution and storage area with 18 ft ceilings
- 800 SF mezzanine plus updated electrical and 2 AC units
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
$51,306
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
2.85%
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%
$1,026,120
$1.0M
Cap Rate 7%
$732,943
$732.9K
Cap Rate 9%
$570,067
$570.1K
Market Conditions
NOI Build-Up for 3,145 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
$63.4K $20.16/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$60.4K $19.19/SF
− OpEx
−$9.1K −$2.88/SF
NOI
$51.3K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,026,120
Cap Rate 7%
$732,943
Cap Rate 9%
$570,067
Alternative Uses
Best Use
Warehouse
$732.9K
$641.3K – $855.1K
NOI $51,306 @ 7.0% cap · market cap 2.85%
Second Best
Industrial
$603.6K
$528.2K – $704.2K
NOI $42,252 @ 7.0% cap · market cap 2.35%
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.48M
NOI $148,603 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Freestanding distribution center with eighteen-foot ceilings, a mezzanine, updated electrical, and public water service in North Miami Beach.
Where is this distribution center located?
The property is located at 67 NW 166th St Miami, FL.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Freestanding distribution center at 67 NW 166th St, Miami, FL 33169; 3,145 SF distribution and storage area with 18 ft ceilings; 800 SF mezzanine plus updated electrical and 2 AC units
