Building Details

Building Size 6,225 SF

Year Built 2023

Listing Agency: Metro 1

Listed By: Irene Dakota · License #3062153 Show Phone

Source: Elliman

Added: Mar 10 Changed: Aug 8 Last Checked: Aug 25 at 5:43AM

Report an Issue

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 Metro 1

Investment Insights

Based on property information with market context.

This brand-new 6,220 sq ft warehouse includes an upstairs office area featuring two private offices, a large open space, a kitchenette, and a bathroom. Impact windows surround the office area. The warehouse has 30 ft ceilings, full AC, and three large street-level overhead doors. A mezzanine provides additional space. The ground floor includes a bathroom and shower. A handicapped elevator is installed. The space is suitable for a showroom, car storage, e-commerce business, importer, exporter, or wine business. This warehouse is located in a four-unit condominium campus.

Key Highlights

• 6,220 sq ft brand‑new warehouse space suitable for various businesses
• Fully air‑conditioned warehouse with 30 ft ceilings and three large street‑level overhead doors
• Upstairs office area includes two private offices, a large open space, kitchenette, and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$178,436

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,568,720 $3.6M

Cap Rate 7%

$2,549,086 $2.5M

Cap Rate 9%

$1,982,622 $2.0M

Market Conditions

NOI Build-Up for 6,220 SF

Gross rent

$279.9K $45.00/SF

− Vacancy

−$42.0K −$6.75/SF

EGI

$237.9K $38.25/SF

− OpEx

−$59.5K −$9.56/SF

NOI

$178.4K $28.69/SF

Area

Miami, FL

Vacancy

15.00%

Lease Rate

$45.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,568,720

Cap Rate 7%

$2,549,086

Cap Rate 9%

$1,982,622

Alternative Uses

Best Use

Office B

$2.55M

$2.23M – $2.97M (±1% cap)

NOI $178,436 @ 7.0% cap · market cap 5.05%

Second Best

Warehouse

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,470 @ 7.0% cap · market cap 2.87%

Theoretical Best

Specialty Retail

$4.20M

$3.67M – $4.90M (±1% cap)

NOI $293,898 @ 7.0% cap · market cap 8.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Law Firm Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,137

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33138, FL

27,601

Population

14,310

Households

1.9

Avg Household Size

43

Median Age

47%

College-Educated

87%

High-School Grad

4.2 sq mi

ZIP Area

6,572

Density / Sq Mi

$71,518

Median Household Income

$52,853

Median Earnings

$1,647

Median Rent

$686,300

Median Home Value

Market

Vacancy Rate% for Office in Miami, FL

12.4% 2019

16.3% 2020

17% 2021

16.1% 2022

15% 2023

16.1% 2024

15.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Brickell Office Space Available

1200 Brickell Avenue, Unit 950-A, Miami, FL 33131

$3,599,000

5,873 SF

View details

Turnkey Corner Office Suite

1110 Brickell Ave 700a, Miami, FL 33131

$4,000,000

6,337 SF

View details

Corner Mixed-Use Commercial Property

3300 NW North River Dr, Miami, FL 33142

$3,500,000

5,458 SF

View details

Flex Space with Loading

7620 NW 25th St Unit 5, Miami, FL 33122

$2,550,000

6,194 SF

View details

Corner Mixed-Use Property

3300 NW South River Dr, Miami, FL 33142

$3,800,000

5,458 SF

View details

Flex Space with Dock Loading

Miami, FL 33172

$2,950,000

7,160 SF

View details

Freestanding Office-Showroom Building

9465 SW 56th St, Miami, FL 33165

$3,150,000

5,140 SF

View details

Two-Level Mixed-Use Center

516 NW 57th Ave, Miami, FL 33126

$2,199,000

5,788 SF

View details

Two-Story Retail Space

501 NE 31st St Cu-1, Miami, FL 33137

$5,400,000

7,108 SF

View details

New Construction Versatile Warehouse Space

221 NE 67th St 2, Miami, FL 33138

$4,415,400

7,845 SF

View details

Freestanding Warehouse with Clear Height

1835 NW 21st Terrace, Miami, FL 33142

$2,144,000

5,360 SF

View details

Renovated Industrial Building with Office

3241 NW 38th St, Miami, FL 33142

$2,375,000

8,060 SF

View details

Similar Off Market Nearby

• Public Storage — 5609 NE 2nd Ave, Miami, FL 33137, United States
• Jones Moving & Storage — 296 NE 62nd St, Miami, FL 33138
• Offshore Boat & Jet-ski Storage — 810 NW 72nd St, Miami, FL 33150
• Classic Motors — 90 nw 72nd st #102, miami, fl 33150
• Hagerty Garage + Social — 355 NE 71st St, Miami, FL 33138

Frequently Asked Questions

What type of property is this?

Warehouse - 6,220 sq ft warehouse with office, AC, and elevator.

Where is this warehouse located?

The property is located at 6700 NE 2nd Ct 4 Miami, FL.

What is the asking price?

The asking price for this property is $3,532,650.

What are key features of this property?

This property features: 6,220 sq ft brand‑new warehouse space suitable for various businesses; Fully air‑conditioned warehouse with 30 ft ceilings and three large street‑level overhead doors; Upstairs office area includes two private offices, a large open space, kitchenette, and bathroom