New Construction Versatile Warehouse
235 NE 67th St 3 Miami, FL 33138
For Sale
$4,385,000
New construction warehouse with office, full AC, and generator.
Property Size7,302 SF
Price / SF$600.52
Days on Market521
Property Features for 235 NE 67th St 3
General Information
Standard status
Active
Size
7,302 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2023
Listing Agency:
Metro 1
(305) 972-8860
Listed By:
Irene Dakota PA · License #3062153
(305) 972-8860
Source:
Exitrealty
Added: Feb 21, 2025
Changed: Jul 6
Last Checked: Jul 27 at 5:04AM
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 offers 7302 square feet of space with 30-foot ceilings, full air conditioning, and a backup generator. The property includes an 1800 square foot office, a mop sink area, a shower, and three bathrooms. An elevator provides access to the second floor, which also features a kitchenette. The versatile space is suitable for various uses, including storage, e-commerce, content creation, and car collections. The warehouse is part of a four-unit condominium campus.
Key Highlights
- New construction (2023) warehouse offering 7302 sq ft of space.
- Features a complete workspace solution including 1800 sq ft office, kitchenette, shower, and three bathrooms.
- Equipped with 30 ft ceilings and full AC.
Financial Insights For Office B
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 | $328.6k | $45.00 |
| − Vacancy | −$49.3k | −$6.75 |
| EGI | $279.3k | $38.25 |
| − OpEx | −$69.8k | −$9.56 |
| NOI | $209.5k | $28.69 |
7,302 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.99M
$2.62M – $3.49M
NOI $209,476 @ 7.0% cap · market cap 4.78%
Second Best
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,121 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$4.93M
$4.31M – $5.75M
NOI $345,023 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Göktürkler Lojistik — 5611 NW 12th Ave, Miami, FL 33136
- 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
Frequently Asked Questions
What type of property is this?
Warehouse - New construction warehouse with office, full AC, and generator.
Where is this warehouse located?
The property is located at 235 NE 67th St 3 Miami, FL.
What is the asking price?
The asking price for this property is $4,385,000.
What are key features of this property?
This property features: New construction (2023) warehouse offering 7302 sq ft of space.; Features a complete workspace solution including 1800 sq ft office, kitchenette, shower, and three bathrooms.; Equipped with **30 ft ceilings and full AC**.
