Industrial Warehouse with High
For Sale
Contact for pricing
Pending
1486 NW 23rd St, Miami, FL 33142
Rare industrial warehouse with 21' clearance and flexible zoning.
Property Size14,337 SF
Days on Market1442
Property Features for 1486 NW 23rd St
General Information
Standard status
Pending
Size
14,337 SF
Property subtype
Industrial
Building Details
Year Built
1979
Listing Agency:
Gridline Properties
(305) 507-7098
Listed By:
Jonathan Eismann · License #3243175
Source:
Crexi
Added: Aug 24, 2022
Changed: Jul 6
Last Checked: Aug 4 at 11:11AM
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 Gridline Properties
Investment Insights
Based on property information with market context.
This industrial warehouse, constructed in 1979, features a 21-foot clear height and Twin-T construction. It offers 14,337 square feet of space. The property is zoned D-1, making it suitable for investors or users seeking a headquarters location. It includes six loading docks, ramped grade-level loading, and multiple pedestrian entrances. The building is fully air-conditioned and can be demised. The current owner occupies the entire space and will need to relocate upon sale, requiring some accommodation in timing.
Key Highlights
- Rare 21’ clear height suitable for various industrial uses.
- Six loading docks plus ramped grade level loading.
- Flexible D‑1 zoning ideal for investors or owner‑users.
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 | $289.0k | $20.16 |
| − Vacancy | −$13.9k | −$0.97 |
| EGI | $275.2k | $19.19 |
| − OpEx | −$41.3k | −$2.88 |
| NOI | $233.9k | $16.31 |
14,337 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.34M
$2.92M – $3.90M
NOI $233,886 @ 7.0% cap · market cap 4.45%
Second Best
Industrial
$2.75M
$2.41M – $3.21M
NOI $192,612 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$9.68M
$8.47M – $11.29M
NOI $677,430 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,176
Businesses Nearby
Balanced
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
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Rare industrial warehouse with 21' clearance and flexible zoning.
Where is this warehouse located?
The property is located at 1486 NW 23rd St Miami, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Rare 21’ clear height suitable for various industrial uses.; Six loading docks plus ramped grade level loading.; Flexible D‑1 zoning ideal for investors or owner‑users.
