Warehouse with Office Two-Story
17890 NW 29th Ct Miami Gardens, FL 33056
For Sale
$1,975,000
Pending
Fully renovated concrete warehouse with office space, featuring 16' ceilings and three grade-level roll-up doors.
Property Size10,750 SF
Days on Market2162
Property Features for 17890 NW 29th Ct
General Information
Standard status
Pending
Size
10,750 SF
Property subtype
General Commercial
Building Details
Year Built
1954
Listing Agency:
Cases Realty Group, Inc.
(305) 815-0015
Listed By:
Michael Cases · License #3406586
(305) 815-0015
Source:
Xome
Added: Aug 28, 2020
Changed: Jul 27
Last Checked: Jul 27 at 2:16AM
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 Cases Realty Group, Inc.
Investment Insights
Based on property information with market context.
This fully renovated 10,750 SF, two-story concrete building blends warehouse and office space. The first floor includes 6,550 +/- SF of warehouse area plus 880 +/- SF of office space, with three bathrooms and a kitchen and seating area. The second floor offers 2,000 +/- SF of office space with two bathrooms, a kitchen, and two private offices. The property features 16' ceilings and three grade-level roll-up doors serving the warehouse.
The building includes a concrete frame with a flat roof supported by steel joists, exterior slab, and interior metal stairs. Electrical service includes 3-phase power (600 amps) with three 200A panels. A recertification was passed in March 2017. This property is listed for sale at 17890 NW 29th Ct, Miami Gardens, FL 33056.
The building includes a concrete frame with a flat roof supported by steel joists, exterior slab, and interior metal stairs. Electrical service includes 3-phase power (600 amps) with three 200A panels. A recertification was passed in March 2017. This property is listed for sale at 17890 NW 29th Ct, Miami Gardens, FL 33056.
Key Highlights
- Fully renovated 10,750 SF 2‑story concrete warehouse and office building (Year built 1954).
- 1st floor includes 6,550 +/- SF warehouse, 880 +/- SF office, kitchen and seating area, and 3 bathrooms.
- 2nd floor offers 2,000 +/- SF office with 2 bathrooms, kitchen, and 2 private offices.
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 | $277.4k | $25.80 |
| − Vacancy | −$59.9k | −$5.57 |
| EGI | $217.4k | $20.23 |
| − OpEx | −$54.4k | −$5.06 |
| NOI | $163.1k | $15.17 |
10,750 SF · lease $25.80/SF/yr · vacancy 21.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,082 @ 7.0% cap · market cap 8.26%
Second Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,537 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $224,030 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Spice Masters Catering — 3383 NW 193rd St, Miami Gardens, FL 33056
- Streeter's Catering — North Miami Beach, FL 33162
Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated concrete warehouse with office space, featuring 16' ceilings and three grade-level roll-up doors.
Where is this flex space located?
The property is located at 17890 NW 29th Ct Miami Gardens, FL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Fully renovated 10,750 SF 2‑story concrete warehouse and office building (Year built 1954).; 1st floor includes 6,550 +/- SF warehouse, 880 +/- SF office, kitchen and seating area, and 3 bathrooms.; 2nd floor offers 2,000 +/- SF office with 2 bathrooms, kitchen, and 2 private offices.
