Warehouse with 24-Foot
7142 NE 2nd Ave Miami, FL 33138
For Sale
$2,400,000
Pending
New warehouse with 24 ft ceilings, two-story office space, A/C, and 3-phase power, plus gated parking.
Property Size6,636 SF
Days on Market3309
Property Features for 7142 NE 2nd Ave
General Information
- Standard status
- Pending
- Size
- 6,636 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2016
Listing Agency:
Metro 1
(305) 972-8860
Listed By:
Irene Dakota · License #3062153
(305) 972-8860
Source:
Xome
Added: Jul 5, 2017
Changed: Jul 25
Last Checked: Jul 25 at 4:41PM
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.
Brand new construction warehouse featuring 24 ft ceilings and interior finished with drywall. The property includes a two-story office space with a dedicated office and warehouse bathroom, and A/C is provided in both areas. Power is supported by 3-phase service.
The building also includes impact windows and doors, with a roof membrane system that carries a 20-year warranty. Gated parking is on-site with six parking spaces plus one handicapped space.
Configured to combine warehouse operations with on-site office use, this facility is offered for sale and is referenced with NNN terms for lease.
The building also includes impact windows and doors, with a roof membrane system that carries a 20-year warranty. Gated parking is on-site with six parking spaces plus one handicapped space.
Configured to combine warehouse operations with on-site office use, this facility is offered for sale and is referenced with NNN terms for lease.
Key Highlights
- New warehouse built in 2016 with 24 ft ceilings
- Includes a 2‑story office space plus an office bathroom and an A/C system in the office and warehouse
- 3‑phase power available
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 | $298.6k | $45.00 |
| − Vacancy | −$44.8k | −$6.75 |
| EGI | $253.8k | $38.25 |
| − OpEx | −$63.5k | −$9.56 |
| NOI | $190.4k | $28.69 |
6,636 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,370 @ 7.0% cap · market cap 7.93%
Second Best
Warehouse
$1.55M
$1.35M – $1.80M
NOI $108,256 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$4.48M
$3.92M – $5.23M
NOI $313,554 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Estudio
(Bike/Boat/Book/etc) Store
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- Jerusalem Mama kosher — GARDEN INN, MIAMI BEACH, 148 NW 67th St STRILI, Miami, FL 33169
- MightyBSpots — 248 NW 69th St, Miami, FL 33150
FAQs
What type of property is this?
Flex space - New warehouse with 24 ft ceilings, two-story office space, A/C, and 3-phase power, plus gated parking.
Where is this flex space located?
The property is located at 7142 NE 2nd Ave 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: New warehouse built in 2016 with 24 ft ceilings; Includes a 2‑story office space plus an office bathroom and an A/C system in the office and warehouse; 3‑phase power available
