Freestanding Industrial Flex
651 NW 106th St Miami, FL 33150
New
651 NW 106th St, Miami, FL, 33150
$2,400,000
For Sale
$2,400,000
Freestanding industrial flex building with fenced yard and on-site parking on an infill site.
Property Size4,861 SF
Lot Size0.23 Acres
Price / SF$493.73
Days on Market5
Property Features for 651 NW 106th St
General Information
- Standard status
- Active
- Size
- 4,861 SF
- Lot size
- 0.23 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing Agency
1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
(305) 343-9318
Listed by
Juan Pablo Casas · License #3375339
(305) 343-9318
Source
Elliman
Added: Jul 14 Checked: Jul 17 at 6:58 am
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 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
Investment Insights
Based on property information with market context.
Freestanding industrial/flex building totaling approximately 4,861 SF on a 10,053 SF infill site, offered for sale with a fenced yard and on-site parking. The property is currently occupied by the same local business for roughly 50 years; the owner-occupant will vacate at closing, delivering the building vacant for immediate owner-user occupancy or investor lease-up. The established business is also available for purchase separately as a turnkey option.
Located at 651 NW 106th St in Miami, the property is positioned on the NW 7th Avenue corridor with access to major regional routes including I-95, SR-112, and Miami International Airport, as well as the urban core for last-mile connectivity.
This offering is SBA-eligible for qualified owner-users, and the current configuration includes a substantial land component as part of the infill industrial opportunity.
Located at 651 NW 106th St in Miami, the property is positioned on the NW 7th Avenue corridor with access to major regional routes including I-95, SR-112, and Miami International Airport, as well as the urban core for last-mile connectivity.
This offering is SBA-eligible for qualified owner-users, and the current configuration includes a substantial land component as part of the infill industrial opportunity.
Key Highlights
- Free‑standing industrial/flex building built in 1964 offering 4,861 SF on a 10,053 SF infill site
- Fenced yard plus on‑site parking
- Owner‑occupant will vacate at closing, delivering the building free for immediate owner‑user occupancy or lease‑up
Local Financial Insights For Warehouse
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 | $98.0k | $20.16 |
| − Vacancy | −$4.7k | −$0.97 |
| EGI | $93.3k | $19.19 |
| − OpEx | −$14.0k | −$2.88 |
| NOI | $79.3k | $16.31 |
4,861 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.13M
$991.3K – $1.32M
NOI $79,300 @ 7.0% cap · market cap 3.30%
Second Best
Flex RnD
$1.02M
$891.0K – $1.19M
NOI $71,282 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,684 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Happy Endings of Miami, ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Meat The Veggies — Miami, FL 33147
- Cliff’s Restaurant & Catering — 10740 NW 7th Ave, Miami, FL 33168
FAQs
What type of property is this?
Flex space - Freestanding industrial flex building with fenced yard and on-site parking on an infill site.
Where is this flex space located?
The property is located at 651 NW 106th St Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Free‑standing industrial/flex building built in 1964 offering 4,861 SF on a 10,053 SF infill site; Fenced yard plus on‑site parking; Owner‑occupant will vacate at closing, delivering the building free for immediate owner‑user occupancy or lease‑up
