New Construction Versatile Warehouse
For Sale
$4,415,400
221 NE 67th St 2, Miami, FL 33138
New construction warehouse with office, full AC, and backup generator.
Property Size7,845 SF
Price / SF$562.83
Days on Market212
Property Features for 221 NE 67th St 2
General Information
Standard status
Active
Size
7,845 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$38,263
Building Details
Building Size
7,845 SF
Year Built
2023
Stories
2
Listing Agency:
Metro 1
Listed By:
Irene Dakota · License #3062153
(305) 972-8860
Source:
Elliman
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 7 at 5:24AM
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 new construction warehouse at 221 NE 67 St offers 7845 square feet of space with 30 ft ceilings, full AC, and a backup generator. In addition to storage, the warehouse provides a workspace solution, including an 1800 sq ft office, mop sink area, shower, three bathrooms, an elevator to the second floor, and a kitchenette. The property is suitable for various uses, from storage and e-commerce to content creation and car collections. This warehouse is located in a 4-unit condominium campus.
Key Highlights
- 7845 sq ft new construction warehouse space
- Benefit from 30 ft ceilings.
- 1800 sq ft office space included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,053
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,501,060
$4.5M
Cap Rate 7%
$3,215,043
$3.2M
Cap Rate 9%
$2,500,589
$2.5M
Market Conditions
NOI Build-Up for 7,845 SF
Gross rent
$353.0K $45.00/SF
− Vacancy
−$53.0K −$6.75/SF
EGI
$300.1K $38.25/SF
− OpEx
−$75.0K −$9.56/SF
NOI
$225.1K $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%
$4,501,060
Cap Rate 7%
$3,215,043
Cap Rate 9%
$2,500,589
Alternative Uses
Best Use
Office B
$3.22M
$2.81M – $3.75M
NOI $225,053 @ 7.0% cap · market cap 5.10%
Second Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,979 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$5.30M
$4.63M – $6.18M
NOI $370,680 @ 7.0% cap · market cap 8.40%
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
2,201
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- StonePeak Storage — 5341 Northwest 7th Avenue, Coral Wy, Miami, FL 33145
- Self-Storage at U-Haul — 5341 NW 7th Ave, Miami, FL 33127, United States
- Top Notch Movers & Delivery — 156 nw 54th st unit 123, miami, fl 33127
- New Horizon — 43 NE 54th St, Miami, FL 33137
- Public Storage — 5609 NE 2nd Ave, Miami, FL 33137, United States
Frequently Asked Questions
What type of property is this?
Warehouse - New construction warehouse with office, full AC, and backup generator.
Where is this warehouse located?
The property is located at 221 NE 67th St 2 Miami, FL.
What is the asking price?
The asking price for this property is $4,415,400.
What are key features of this property?
This property features: 7845 sq ft new construction warehouse space; Benefit from **30 ft ceilings.**; 1800 sq ft office space included.
