Allapattah Warehouse Building For
For Sale
$5,150,000
1401 NW 23rd St, Miami, FL 33142
14,560 SF warehouse in Miami's Allapattah neighborhood.
Property Size14,560 SF
Price / SF$353.71
Days on Market154
Property Features for 1401 NW 23rd St
General Information
Standard status
Active
Size
14,560 SF
Property subtype
Industrial
Building Details
Year Built
1982
Listing Agency:
Central Commercial Real Estate
(786) 556-8998
Listed By:
Ari Dispenza
(786) 556-8998
Source:
Centralcommercial
Added: Mar 5
Changed: Jul 6
Last Checked: Aug 6 at 4:12AM
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 Central Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 1401 NW 23 Street is a 14,560 square foot building located in Miami's Allapattah neighborhood. The building features 4 bays, 18' ceilings, 3 phase power, twin t construction, and 11'x14' roll-up doors. Each bay has separate meters for both power and water. The property is centrally located in Miami's Allapattah Industrial District, a vibrant produce and last mile industrial district experiencing adaptive reuse. It is located 2 blocks from the Rubell Museum & Hometown BBQ and 7 minutes from the Jackson/UM Health District.
Key Highlights
- 14,560 sq ft building in Miami's emerging Allapattah neighborhood.
- Features 4 bays, each separately metered for power and water.
- 18' ceilings and 11'x14' roll‑up doors.
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 | $293.5k | $20.16 |
| − Vacancy | −$14.1k | −$0.97 |
| EGI | $279.4k | $19.19 |
| − OpEx | −$41.9k | −$2.88 |
| NOI | $237.5k | $16.31 |
14,560 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,524 @ 7.0% cap · market cap 4.61%
Second Best
Industrial
$2.79M
$2.45M – $3.26M
NOI $195,608 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$9.83M
$8.60M – $11.47M
NOI $687,967 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,176
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 14,560 SF warehouse in Miami's Allapattah neighborhood.
Where is this warehouse located?
The property is located at 1401 NW 23rd St Miami, FL.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 14,560 sq ft building in Miami's emerging Allapattah neighborhood.; Features 4 bays, each separately metered for power and water.; 18' ceilings and 11'x14' roll‑up doors.
