Office/Warehouse Showroom
For Sale
Contact for pricing
1800 North Miami Avenue, Miami, FL 33136
Highly visible building with flexible layout for office, showroom, retail, or hospitality concepts under D1 zoning.
Property Size7,999 SF
Price / SF$1,093
Days on Market73
Property Features for 1800 North Miami Avenue
General Information
Standard status
Active
Size
7,999 SF
Class
C
Property subtype
Office, Industrial, Mixed Use
Zoning
D1
Occupancy
100%
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1920
Buildings
1
Tenancy
Single
Listing Agency:
Gridline Properties
(786) 325-5647
Listed By:
Alfredo Riascos · License #FL 3210686
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Jun 6 at 2:06AM
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.
1800 N Miami Avenue is an office/warehouse-style asset with a flexible configuration designed to support multiple commercial uses. The property is suited to a wide range of concepts, including office, showroom, gallery, retail, hospitality, restaurant, and experiential uses, with approximately 7,999 SF available for occupancy and operations. For buyers seeking a building that can pivot between office and production/showroom needs, the layout is positioned to accommodate evolving tenant requirements.
The property offers prominent frontage along North Miami Avenue, supporting on-site branding and public-facing visibility. It is also described as benefiting from access to key regional destinations, including Downtown Miami, Wynwood, and Miami Beach, along with connectivity to I-95.
From a tenant and operator standpoint, the practical value here is the combination of visibility and adaptability within a single building. In addition, the property is identified as having D1 zoning designation, which supports a broad spectrum of high-intensity commercial uses. This makes the site worth reviewing for users who want an identifiable urban location with a versatile footprint and the ability to align operations to multiple retail and service-driven formats.
The property offers prominent frontage along North Miami Avenue, supporting on-site branding and public-facing visibility. It is also described as benefiting from access to key regional destinations, including Downtown Miami, Wynwood, and Miami Beach, along with connectivity to I-95.
From a tenant and operator standpoint, the practical value here is the combination of visibility and adaptability within a single building. In addition, the property is identified as having D1 zoning designation, which supports a broad spectrum of high-intensity commercial uses. This makes the site worth reviewing for users who want an identifiable urban location with a versatile footprint and the ability to align operations to multiple retail and service-driven formats.
Key Highlights
- Year built 1920 office/warehouse building with prominent frontage along North Miami Avenue.
- Flexible configuration suited for office, showroom, gallery, retail, hospitality, restaurant, and experiential uses.
- D1 zoning designation permitting a broad spectrum of high‑intensity commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$260,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,491 @ 7.0% cap · market cap 1.49%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway 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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Highly visible building with flexible layout for office, showroom, retail, or hospitality concepts under D1 zoning.
Where is this flex space located?
The property is located at 1800 North Miami Avenue 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: Year built 1920 office/warehouse building with prominent frontage along North Miami Avenue.; Flexible configuration suited for office, showroom, gallery, retail, hospitality, restaurant, and experiential uses.; D1 zoning designation permitting a broad spectrum of high‑intensity commercial uses.
