New Construction Versatile Warehouse
221 NE 67th St 2 Miami, FL 33138
For Sale
$4,690,800
New construction warehouse with office, full AC, and backup generator.
Property Size7,845 SF
Price / SF$597.93
Days on Market519
Property Features for 221 NE 67th St 2
General Information
Standard status
Active
Size
7,845 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 23, 2025
Changed: Jul 6
Last Checked: Jul 22 at 6:42AM
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 7845 square feet of space with 30-foot ceilings, full air conditioning, and a backup generator. In addition to storage, the property includes an 1800 square foot office, a mop sink area, a shower, three bathrooms, an elevator to the second floor, and a kitchenette. The warehouse is suitable for various uses, including storage, e-commerce, content creation, and car collections. This warehouse is part of a four-unit condominium campus.
Key Highlights
- 7845 sq ft New Construction Warehouse (Built in 2023)
- Features 1800 sq ft of Included Office Space
- Benefit from impressive 30 ft Ceilings
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 | $353.0k | $45.00 |
| − Vacancy | −$53.0k | −$6.75 |
| EGI | $300.1k | $38.25 |
| − OpEx | −$75.0k | −$9.56 |
| NOI | $225.1k | $28.69 |
7,845 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.22M
$2.81M – $3.75M
NOI $225,053 @ 7.0% cap · market cap 4.80%
Second Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,979 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$5.30M
$4.63M – $6.18M
NOI $370,680 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Public Storage — 5609 NE 2nd Ave, Miami, FL 33137, United States
- 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 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 $4,690,800.
What are key features of this property?
This property features: 7845 sq ft New Construction Warehouse (Built in 2023); Features 1800 sq ft of Included Office Space; Benefit from impressive 30 ft Ceilings
