Renovated Flex Industrial
New
For Sale
$8,750,000
1800 N Miami Ave, Miami, FL 33136
The property combines ground-floor industrial and showroom space with office suites, an overhead door, and a private courtyard.
Property Size7,999 SF
Lot Size0.20 Acres
Price / SF$1,093
Days on Market4
Property Features for 1800 N Miami Ave
General Information
Standard status
Active
Size
7,999 SF
Lot size
0.20 Acres
Property subtype
Office
Zoning
D-1
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
private courtyard
Building Details
Building Size
7,999 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Gridline Properties
Listed By:
Alfredo Riascos · License #3210686
(786) 325-5647
Source:
Miamibrokersgroup
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:22PM
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
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Investment Insights
Based on property information with market context.
Built in 1920 and renovated, this flex property contains approximately 7,999 square feet on an 8,924-square-foot lot. The first floor combines industrial and showroom space with an attached creative office, while a separate office suite occupies the second floor. An overhead door and private courtyard are also part of the property.
The building fronts North Miami Avenue, with street parking available along the avenue and directly outside. It is near the Arts & Entertainment District, Wynwood, and Edgewater, with access to Downtown Miami, Midtown, the Design District, I-95, and Miami Beach. The property is zoned D-1.
The building fronts North Miami Avenue, with street parking available along the avenue and directly outside. It is near the Arts & Entertainment District, Wynwood, and Edgewater, with access to Downtown Miami, Midtown, the Design District, I-95, and Miami Beach. The property is zoned D-1.
Key Highlights
- Approximately 7,999 SF on an 8,924 SF lot
- First‑floor industrial and showroom area with attached creative office
- Renovated second‑floor office suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,973
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,219,460
$5.2M
Cap Rate 7%
$3,728,186
$3.7M
Cap Rate 9%
$2,899,700
$2.9M
Market Conditions
NOI Build-Up for 7,999 SF
Gross rent
$415.6K $51.96/SF
− Vacancy
−$42.8K −$5.35/SF
EGI
$372.8K $46.61/SF
− OpEx
−$111.8K −$13.98/SF
NOI
$261.0K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,219,460
Cap Rate 7%
$3,728,186
Cap Rate 9%
$2,899,700
Alternative Uses
Best Use
Retail
$3.73M
$3.26M – $4.35M
NOI $260,973 @ 7.0% cap · market cap 2.98%
Second Best
Flex RnD
$1.68M
$1.47M – $1.95M
NOI $117,297 @ 7.0% cap · market cap 1.34%
Theoretical Best
Specialty Retail
$5.40M
$4.72M – $6.30M
NOI $377,956 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,960
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33136, FL
15,439
Population
7,994
Households
1.9
Avg Household Size
36
Median Age
25%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
11,028
Density / Sq Mi
$43,481
Median Household Income
$34,130
Median Earnings
$1,337
Median Rent
$352,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Le Brownie Bae — 1034 NW 3rd Ave, Miami, FL 33136
- Cafe Los Gauchitos II — 1717 N Bayshore Dr # 111, Miami, FL 33132
- The Lobsta Guy — 1750 N Bayshore Dr, Miami, FL 33132
- Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136
- GROAK CATERING — 1900 NE Miami Ct, Miami, FL 33132
Frequently Asked Questions
What type of property is this?
Flex space - The property combines ground-floor industrial and showroom space with office suites, an overhead door, and a private courtyard.
Where is this flex space located?
The property is located at 1800 N Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: Approximately 7,999 SF on an 8,924 SF lot; First‑floor industrial and showroom area with attached creative office; Renovated second‑floor office suite
