Listing Agency: Transwestern | Miami Show Phone

Listed By: Carlos Gaviria Show Phone

Source: Moodyscre

Added: Sep 5, 2023 Changed: Oct 25 Last Checked: Oct 24 at 5:25PM

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Investment Insights

Based on property information with market context.

This freestanding warehouse contains approximately 18,224 square feet, including approximately 2,500 square feet of office space. The building provides approximately 18 feet of clear ceiling height, 32-foot by 24.5-foot column spacing, one dock, and one ramp. Immediate availability supports near-term occupancy planning.

Located at 5575 NW 36th Ave in Miami, the property offers access to State Roads 836, 112, and 27, along with Interstate I-95. Its warehouse configuration combines substantial industrial space with dedicated office area and multiple loading options.

Key Highlights

• Approximately 18,224 SF total building area
• Approximately 2,500 SF of office space
• Approximately 18' clear ceiling height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$297,297

Cap Rate

5.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,945,940 $5.9M

Cap Rate 7%

$4,247,100 $4.2M

Cap Rate 9%

$3,303,300 $3.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,224 SF

Gross rent

$367.4K $20.16/SF

− Vacancy

−$17.6K −$0.97/SF

EGI

$349.8K $19.19/SF

− OpEx

−$52.5K −$2.88/SF

NOI

$297.3K $16.31/SF

Area

Miami, FL

Vacancy

4.80%

Lease Rate

$20.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,945,940

Cap Rate 7%

$4,247,100

Cap Rate 9%

$3,303,300

Alternative Uses

Best Use

Warehouse

$4.25M

$3.72M – $4.95M (±1% cap)

NOI $297,297 @ 7.0% cap · market cap 5.28%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$12.30M

$10.76M – $14.35M (±1% cap)

NOI $861,092 @ 7.0% cap · market cap 15.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Max Beauty (Bike/Boat/Book/etc) Store Rebuilt Car Rental Facility

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,489

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 33142, FL

55,425

Population

22,275

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

69%

High-School Grad

10.9 sq mi

ZIP Area

5,085

Density / Sq Mi

$37,900

Median Household Income

$29,109

Median Earnings

$1,289

Median Rent

$298,000

Median Home Value

Market

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

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Similar Off Market Nearby

• GRM Information Management — 4495 NW 37th Ave, Miami, FL 33142
• Hialeah Multi-Bay Warehouse Park — SE 10th Ave, Hialeah, FL 33010
• Prime Storage — 1000 Hialeah Dr, Hialeah, FL 33010
• Self Storage Near 33142, FL — 3621 NW 54th St, Miami, FL 33142
• Self Storage — 3621 nw 54th st, miami, fl 33142

Frequently Asked Questions

What type of property is this?

Warehouse - Industrial facility offers immediate availability, dock and ramp loading, and access to multiple state roads and I-95.

Where is this warehouse located?

The property is located at 5575 NW 36th Ave Miami, FL.

What is the asking price?

The asking price for this property is $5,630,000.

What are key features of this property?

This property features: Approximately 18,224 SF total building area; Approximately 2,500 SF of office space; Approximately 18' clear ceiling height