Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    660 Miller Dr Miami Springs, FL 33166

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    2,849 SF office warehouse with ample parking.

    Lot size:
    0.22 Acres

    Property Features for 660 Miller Dr

    General Information

    Property type
    Industrial
    Standard status
    Active
    Lot size
    0.22 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Sonia Diaz
    Source: Elliman

    Listing Agency: the keyes company Listing Agent: Sonia Diaz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Warehouse Near Airport

    This 2,849 adjusted square foot office warehouse is situated on a 9,450 square foot lot. The structure includes 1,750 square feet of warehouse area and 1,100 square feet of office area. The property features three offices, three bathrooms, and a kitchen area. It is ADA compliant and equipped with full CCTV and access control. Ample front and rear parking is available. The warehouse has street and rear loading access. The property is located across from the airport and close to the SR 112 ramp, providing convenient access.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Miami Sandwich and Salad, Air Catering International, Mobile Bar Miami, Bar Solution Services

    Location Insight

    • Map
    • Local Demand
    City
    Miami Springs
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.27195
    Latitude
    25.809464

    Nearby Similar for Sale

    • $1,350,000
      2,849 SF

      Miami Springs Office Warehouse For Sale

      Office warehouse with ample parking, near the airport.
      660 Miller Dr, Miami Springs, FL 33166
      View Details
    • $8,150,000
      16,826 SF

      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
      200 Azure Way, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Downtown Miami Springs Retail/Office Space

      Renovated retail and office spaces in Miami Springs.
      10 S Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Miami Springs Office Space Available

      Office space for rent in the heart of Miami Springs.
      186 Westward Dr, Miami Springs, FL 33166
      View Details
    • $8,150,000

      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
      200 Azure Way, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Retail Space Near Airport

      Retail space in high-traffic area near Miami International Airport.
      5245 NW 36Th St, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Retail Space Near Airport

      Retail space in high-traffic area near Miami International Airport.
      5245 NW 36Th St, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Downtown Miami Springs Retail/Office Space

      Renovated retail and office spaces in downtown Miami Springs.
      10 S Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details
    • $8,150,000

      Historic Miami Springs Apartment Building

      Historic 23-unit apartment building in prime Miami Springs location.
      200 Azure Way, Miami Springs, FL 33166
      View Details
    • Contact for pricing
      26,947 SF

      Downtown Miami Springs Retail Center

      15-Tenant Retail Center, Fully Leased
      1 Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Miami Springs Office Space Available

      Office space for rent in the heart of Miami Springs.
      186 Westward Dr, Miami Springs, FL 33166
      View Details
    • $20,172,000

      Renovated Retail Investment Property

      Fully stabilized retail property with national and local tenants.
      1 S Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,849 SF office warehouse with ample parking.
    Where is this flex space located?
    The property is located at 660 Miller Dr Miami Springs, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 2,849 SF Office Warehouse featuring 1,750 SF Warehouse and 1,100 SF Office.; - Ample front and rear parking available.; - Great location across from the airport and close to SR 112 ramp.
    (305) 785-2687
    Request Owner's contact information
    660 Miller Dr Miami Springs, FL 33166
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    660 Miller Dr
    Miami Springs, FL 33166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    660 Miller Dr Miami Springs, FL 33166
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sonia Diaz
    Real Estate License ID: 3245875
    (305) 785-2687 (305) 371-3592 (386) 428-5723
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!