Warehouse/Office Building Near Magic
For Sale
$3,100,000
Pending
6130 NE 4th Ct, Miami, FL 33137
Warehouse/office building with gated parking and back patio.
Property Size7,454 SF
Lot Size0.22 Acres
Days on Market213
Property Features for 6130 NE 4th Ct
General Information
Standard status
Pending
Size
7,454 SF
Lot size
0.22 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$22,125
Building Details
Building Size
7,454 SF
Year Built
2010
Listing Agency:
Metro 1
Listed By:
Irene Dakota · License #3062153
(305) 972-8860
Source:
Elliman
Added: Mar 10
Changed: Sep 4
Last Checked: Aug 14 at 6:03AM
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 warehouse/office building, constructed in 2010, is located at the entrance to Magic City. The building has a total area of 7454 square feet, including 1800 square feet of office space. It features a 20-foot wide rolling door and a 1000 square foot back patio area. The property includes 6 to 9 gated parking spaces. Disclaimer: The referenced square footage is not consistent with municipality records.
Key Highlights
- Located at the Entrance to Magic City
- Built in 2010
- 7454 sq ft Warehouse/Office Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,601
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,020
$2.4M
Cap Rate 7%
$1,737,157
$1.7M
Cap Rate 9%
$1,351,122
$1.4M
Market Conditions
NOI Build-Up for 7,454 SF
Gross rent
$150.3K $20.16/SF
− Vacancy
−$7.2K −$0.97/SF
EGI
$143.1K $19.19/SF
− OpEx
−$21.5K −$2.88/SF
NOI
$121.6K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,432,020
Cap Rate 7%
$1,737,157
Cap Rate 9%
$1,351,122
Alternative Uses
Best Use
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,601 @ 7.0% cap · market cap 3.92%
Second Best
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,305 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$5.03M
$4.40M – $5.87M
NOI $352,205 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,052
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse/office building with gated parking and back patio.
Where is this flex space located?
The property is located at 6130 NE 4th Ct Miami, FL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Located at the Entrance to Magic City; Built in 2010; 7454 sq ft Warehouse/Office Building
