Allapattah Warehouse For
3141 NW 40th St Miami, FL
For Sale
Contact for pricing
14,000 SF warehouse in West Allapattah with high ceilings.
Property Size13,875 SF
Lot Size0.39 Acres
Price / SF$353.15
Days on Market496
Property Features for 3141 NW 40th St
General Information
Standard status
Active
Size
13,875 SF
Lot size
0.39 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Fausto Commercial Realty
(786) 970-0851
Listed By:
Rey Moya
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:39AM
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
Investment Insights
Based on property information with market context.
This 14,000 square foot free-standing warehouse is located in West Allapattah. Constructed with CBS, the building features 20 to 22-foot high ceilings, providing ample storage volume. The warehouse includes three oversized grade-level doors, facilitating easy loading and unloading. The property is in excellent condition, suggesting it has been well-maintained and is ready for immediate use without significant repairs or renovations. This property presents an opportunity for both owner-operators and investors.
Key Highlights
- 14,000sf free standing warehouse in West Allapattah
- 20‑22’ high ceilings for ample storage volume
- 3 oversized grade level doors for easy loading and unloading
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.7k | $20.16 |
| − Vacancy | −$13.4k | −$0.97 |
| EGI | $266.3k | $19.19 |
| − OpEx | −$39.9k | −$2.88 |
| NOI | $226.3k | $16.31 |
13,875 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.23M
$2.83M – $3.77M
NOI $226,349 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$2.66M
$2.33M – $3.11M
NOI $186,405 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$9.37M
$8.20M – $10.93M
NOI $655,600 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Self Storage — 3901 nw 29th ave, miami, fl 33142
- prime — 3901 nw 39th st, miami, fl 33142
- Self Storage Units - Miami FL — 2289 NW 36th St, Miami, FL 33142
- Near2Me Self Storage Units — 3601 NW 27th Ave, Miami, FL 33142
- Self-Storage at U-Haul — 2460 NW 36th St, Miami, FL 33142
Frequently Asked Questions
What type of property is this?
Warehouse - 14,000 SF warehouse in West Allapattah with high ceilings.
Where is this warehouse located?
The property is located at 3141 NW 40th St Miami, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 14,000sf free standing warehouse in West Allapattah; 20‑22’ high ceilings for ample storage volume; 3 oversized grade level doors for easy loading and unloading
