Cutler Bay Warehouse
For Sale
$349,900
10665 SW 190th St Unit 3102, Cutler Bay, FL 33157
Functional warehouse space in a strategically located industrial corridor.
Property Size1,156 SF
Price / SF$302.68
Days on Market179
Property Features for 10665 SW 190th St Unit 3102
General Information
Standard status
Active
Size
1,156 SF
Building Details
Year Built
2008
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Benjamin Kunzle · License #A12080999
(754) 204-8236
Source:
Chenoregroup
Added: Apr 24
Changed: Oct 2
Last Checked: Oct 16 at 11:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
Located in a strategically positioned industrial area of South Miami-Dade, the warehouse unit at 10665 SW 190th Street, Unit 3102, offers a functional and versatile space suitable for owner-users, small businesses, or investors. The unit features an efficient layout designed to accommodate storage, distribution, light manufacturing, or service-based operations. The clear interior space allows for flexible build-out to meet diverse business requirements. Convenient access facilitates daily operations, loading, and logistics. The property benefits from connectivity to US-1, Florida’s Turnpike, and surrounding South Miami-Dade submarkets, providing access to suppliers, clients, and workforce. The location is minutes from major roadways and commercial hubs. The property has a bike score of 66, making it bikeable, a walk score of 81, indicating it is very walkable, and a transit score of 29, suggesting some transit options are available.
Key Highlights
- Strategically located in a growing industrial corridor of South Miami‑Dade.
- Functional and versatile warehouse space suitable for various business needs.
- Excellent connectivity to major roadways (US‑1, Florida’s Turnpike) and surrounding submarkets.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,154
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,080
$303.1K
Cap Rate 7%
$216,486
$216.5K
Cap Rate 9%
$168,378
$168.4K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$18.9K $16.32/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$17.8K $15.42/SF
− OpEx
−$2.7K −$2.31/SF
NOI
$15.2K $13.11/SF
Area
ZIP 33157
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,080
Cap Rate 7%
$216,486
Cap Rate 9%
$168,378
Alternative Uses
Best Use
Warehouse
$216.5K
$189.4K – $252.6K
NOI $15,154 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$178.3K
$156.0K – $208.0K
NOI $12,480 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$586.5K
$513.2K – $684.2K
NOI $41,054 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse space in a strategically located industrial corridor.
Where is this warehouse located?
The property is located at 10665 SW 190th St Unit 3102 Cutler Bay, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Strategically located in a growing industrial corridor of South Miami‑Dade.; Functional and versatile warehouse space suitable for various business needs.; Excellent connectivity to major roadways (US‑1, Florida’s Turnpike) and surrounding submarkets.
