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    Miami Warehouse with Turnpike Access Title is generated by Realmo AI

    10800 Northwest 106th Street, Miami, FL 33178

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    For Lease
    $16 SF/Yr $48,965/Mo (calc)

    35,611 SF warehouse with immediate Florida Turnpike access.

    Type:Industrial
    Property size:
    35,611 SF
    Added:
    Nov 22, 2025
    Days on Market:
    189
    Last Refresh:
    May 19 at 8:54 pm

    Property Features for 10800 Northwest 106th Street

    General Information

    Standard status
    Active
    Size
    35,611 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Devin White

    Listing agent Devin White

    Listing office

    Listing date Nov 22, 2025

    Source Cbre

    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 Devin White

    HighLights

    • Immediate access to Florida Turnpike via Flagler Station’s own interchange.
    • Located within Flagler Station, a 9 million square foot corporate campus.
    • Warehouse with 31,511 SF and 30’-32’ clear height.
    • 10 dock positions (6 edge of dock + 2 pit levelers) and 1 oversized ramp.
    • Easy access to SR 836, SR 826 & US‑27.
    • Proximity to transportation hubs: Miami International Airport (13 miles), PortMiami (18 miles) & Port Everglades (30 miles).

    Overview

    This 35,611 square foot warehouse space includes a 3,966 square foot primary office, a 134 square foot warehouse office, and 31,511 square feet of warehouse area. The warehouse features a clear height of 30 to 32 feet and is equipped with 10 dock positions, including one oversized ramp. Dock equipment includes 6 edge of dock levelers and 2 pit levelers. The column spacing is 52 feet in width, and the lighting is T5 high efficiency. The building is equipped with an ESFR sprinkler system. The property offers immediate access to the Florida Turnpike via Flagler Station’s interchange and provides easy access to SR 836 (Dolphin Expressway), SR 826 (Palmetto Expressway), and US-27 (Okeechobee Road). Located within 13 miles of Miami International Airport, 18 miles to PortMiami, and 30 miles to Port Everglades, the property is part of Flagler Station, a 9 million square foot corporate campus that includes office, retail, and industrial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    INDUTRANS Global Logistics ... Freight Service TVH Parts Co. Factory Emi Freight International ... Freight Service T-Y Group Industrial Manufacturer Thug Life Vodka Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Biostor Systems Inc — 10800 NW 106th St, Miami, FL 33178
    • Tss Logistics — Florida 33178
    • Frozen Spot Corp. — 11700 NW 102nd Rd SUITE 1 and 2, Medley, FL 33178
    • Hardtrod — 11411 NW 107th St, Miami, FL 33178
    • Vertical Cold Storage — 11801 NW 102nd Rd, Medley, FL 33178

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3587
    Latitude
    25.6696

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    FAQs

    What type of property is this?
    Warehouse - 35,611 SF warehouse with immediate Florida Turnpike access.
    Where is this warehouse located?
    The property is located at 10800 Northwest 106th Street Miami, FL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Immediate access to Florida Turnpike via Flagler Station’s own interchange.; Located within Flagler Station, a 9 million square foot corporate campus.; Warehouse with 31,511 SF and **30’-32’ clear height.**
    (305) 381-6409
    We can help!
    Listing Contact
    Devin White
    Request Owner's contact information
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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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