Former Ice Factory Flex
1395 NW 22nd Street Miami, FL 33142
Two-section warehouse and studio with renovation updates, dock-height and oversized street loading for practical truck access.
Type:Commercial
Property size:
14,813 SFLot size:
0.40 AcresPrice / SF:
$391/SF- Added:
- Jun 9, 2026
- Days on Market:
- 32
- Last Refresh:
- Jul 4 at 4:58 am
Property Features for 1395 NW 22nd Street
General Information
- Standard status
- Active
- Size
- 14,813 SF
- Lot size
- 0.40 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing office CAYHILL DUMOTT REALTY LLC
Listing date Jun 9, 2026
Source Corcoran
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 CAYHILL DUMOTT REALTY LLC
Investment Insights
Based on property information with market context.
This former ice factory includes two easily combinable sections, offering flexibility for multiple user types or a single larger operation. One section is an approximately 5,000 SF performing arts studio with soaring ceilings (about 27 feet), and it was renovated with new A/C, electric, bathrooms, floors, and lighting. The second section is approximately 10,000 SF with about 14-foot ceilings, consisting mostly of wide-open space plus two offices. Both sections support functional logistics, including a dock-height loading dock, along with an oversized street loading door designed to accommodate truck deliveries.
The property sits on a 17,493 SF corner lot on a wide one-way street. The location is described as being near Wynwood and the Medical Corridor, placing it within reach of established commercial and employment areas in Miami.
For buyers and operators, the combination of updated studio improvements and primarily open warehouse space can fit uses that need both presentation-oriented interior space and straightforward freight access. The two-section configuration also allows for potential separation or consolidation depending on the end-user’s layout needs, while the truck-friendly loading design supports regular delivery and move-in operations.
The property sits on a 17,493 SF corner lot on a wide one-way street. The location is described as being near Wynwood and the Medical Corridor, placing it within reach of established commercial and employment areas in Miami.
For buyers and operators, the combination of updated studio improvements and primarily open warehouse space can fit uses that need both presentation-oriented interior space and straightforward freight access. The two-section configuration also allows for potential separation or consolidation depending on the end-user’s layout needs, while the truck-friendly loading design supports regular delivery and move-in operations.
Key Highlights
- Former ice factory with two easily combinable sections totaling 15,000 SF +/- warehouse and studio space (Year built 1954).
- 5,000 SF +/- performing arts studio with soaring 27' +/- ceilings; completely renovated with new A/C, electric, bathrooms, floors, and lighting.
- 10,000 SF +/- mostly wide‑open space with 14' ceilings, plus 2 offices for flexible use.
Local 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 | $666.6k | $45.00 |
| − Vacancy | −$100.0k | −$6.75 |
| EGI | $566.6k | $38.25 |
| − OpEx | −$141.6k | −$9.56 |
| NOI | $424.9k | $28.69 |
14,813 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.07M
$5.31M – $7.08M
NOI $424,948 @ 7.0% cap · market cap 7.33%
Second Best
Warehouse
$3.45M
$3.02M – $4.03M
NOI $241,651 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$10.00M
$8.75M – $11.67M
NOI $699,921 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Miami Circus Arts ...
Charitable Organization
Kansay Tlisir Llc
Marketing & Advertising
Similar For Sale Nearby
Similar Off Market Nearby
- 11 Fye Flavors — 2412 NW 19th St, Miami, FL 33125
- Santos Sabores — 1569 NW 17th Ave, Miami, FL 33125
- Hospitality & Culinary Collective — 1406 NW 23rd St, Miami, FL 33142
- Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136
- Vinya Kitchen Catering — 2350 NW 23rd St, Miami, FL 33142
FAQs
What type of property is this?
Flex space - Two-section warehouse and studio with renovation updates, dock-height and oversized street loading for practical truck access.
Where is this flex space located?
The property is located at 1395 NW 22nd Street Miami, FL.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Former ice factory with two easily combinable sections totaling 15,000 SF +/- warehouse and studio space (Year built 1954).; 5,000 SF +/- performing arts studio with soaring 27' +/- ceilings; completely renovated with new A/C, electric, bathrooms, floors, and lighting.; 10,000 SF +/- mostly wide‑open space with 14' ceilings, plus 2 offices for flexible use.
