Flex Space with
For Sale
$3,900,000
1748 NW 36th St, Miami, FL 33142
Commercial Sale, Miami, FL
Property Size16,250 SF
Lot Size0.37 Acres
Price / SF$240
Days on Market52
Property Features for 1748 NW 36th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6100
Subdivision
31
Standard status
Active
APN
01-31-27-009-0050
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
27 53 41 COLONNAS SUB PB 11-69 LOTS 5 - 6 & W1/2 LOT 7 LOT SIZE 125.000 X 130 OR 19845-0275 0701 4
Legal Description
27 53 41 COLONNAS SUB PB 11-69 LOTS 5 - 6 & W1/2 LOT 7 LOT SIZE 125.000 X 130 OR 19845-0275 0701 4
Building Details
Year built
1969
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Phillip Delgado PA · License #3058962
(305) 989-3200
Added: Aug 17
Changed: Sep 2
Last Checked: Oct 7 at 11:06AM
MLS# A12072397
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 16,250-square-foot flex property combines retail and warehouse functionality with more than 3,000 square feet of mezzanine area. The building is currently used for storage by the owner and dates to 1969. Renovation work is needed, providing a clear opportunity to reposition the existing improvements.
The property is situated in Miami’s Buena Vista Corridor and is within an Opportunity Zone. Its existing retail and warehouse configuration supports a range of commercial layouts, subject to applicable requirements and approvals.
The property is situated in Miami’s Buena Vista Corridor and is within an Opportunity Zone. Its existing retail and warehouse configuration supports a range of commercial layouts, subject to applicable requirements and approvals.
Key Highlights
- 16,250 SF flex property with over 3,000 sq ft of mezzanine
- Retail and warehouse configuration
- Currently used for storage by the owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,094
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,301,880
$5.3M
Cap Rate 7%
$3,787,057
$3.8M
Cap Rate 9%
$2,945,489
$2.9M
Market Conditions
NOI Build-Up for 16,250 SF
Gross rent
$327.6K $20.16/SF
− Vacancy
−$15.7K −$0.97/SF
EGI
$311.9K $19.19/SF
− OpEx
−$46.8K −$2.88/SF
NOI
$265.1K $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%
$5,301,880
Cap Rate 7%
$3,787,057
Cap Rate 9%
$2,945,489
Alternative Uses
Best Use
Retail
$7.57M
$6.63M – $8.84M
NOI $530,167 @ 7.0% cap · market cap 13.59%
Second Best
Warehouse
$3.79M
$3.31M – $4.42M
NOI $265,094 @ 7.0% cap · market cap 6.80%
Theoretical Best
Specialty Retail
$10.97M
$9.60M – $12.80M
NOI $767,820 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,610
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Owner-operated storage use occupies a retail and warehouse building in an Opportunity Zone.
Where is this flex space located?
The property is located at 1748 NW 36th St Miami, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 16,250 SF flex property with over 3,000 sq ft of mezzanine; Retail and warehouse configuration; Currently used for storage by the owner
