Remodeled Flex Space with
1835 NW 112th Ave, Miami, FL 33172
For Sale
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Remodeled flex space with showroom, warehouse, and office areas.
Property Size2,595 SF
Price / SF$499.04
Days on Market281
Property Features for 1835 NW 112th Ave
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Avanti Way Realty
Listed By:
Maurizio Oronzo · License FL #3052654
(786) 470-9134
Source:
Crexi
Added: Feb 5
Changed: Oct 25
Last Checked: Nov 12 at 8:10AM
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 Avanti Way Realty
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Investment Insights
Based on property information with market context.
This remodeled flex space features a minimalist, high-end corporate aesthetic. The property includes a warehouse area with polished floors and an open-concept office area with a mezzanine. A brand-new break area features custom-made Italian cabinetry, and there is a private bathroom. High-impact windows provide ample natural light. Six assigned parking spots are located directly in front of the property. The property is suitable for an architect studio, engineers office, or wholesale and distribution of high-end goods requiring a showroom. The property is currently leased for two years, expiring on November 30, 2027. The location offers convenient access to hotels, restaurants, Miami International Airport, and the Dolphin Mall, with easy access to both 836 and Florida's Turnpike. The total property size is 2595 square feet.
Key Highlights
- Fully remodeled with a minimalist, high‑end corporate design.
- Six assigned parking spots located directly in front of the property.
- Excellent location near hotels, restaurants, MIA, and Dolphin Mall, with easy access to 836 and Florida's Turnpike.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,053
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,060
$761.1K
Cap Rate 7%
$543,614
$543.6K
Cap Rate 9%
$422,811
$422.8K
Market Conditions
NOI Build-Up for 2,595 SF
Gross rent
$62.3K $24.00/SF
− Vacancy
−$3.7K −$1.44/SF
EGI
$58.5K $22.56/SF
− OpEx
−$20.5K −$7.90/SF
NOI
$38.1K $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,060
Cap Rate 7%
$543,614
Cap Rate 9%
$422,811
Alternative Uses
Best Use
Flex RnD
$543.6K
$475.7K – $634.2K
NOI $38,053 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$498.0K
$435.8K – $581.1K
NOI $34,863 @ 7.0% cap · market cap 2.69%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,615 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33172, FL
43,911
Population
16,103
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
6,861
Density / Sq Mi
$61,733
Median Household Income
$35,061
Median Earnings
$1,926
Median Rent
$260,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Remodeled flex space with showroom, warehouse, and office areas.
Where is this flex space located?
The property is located at 1835 NW 112th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fully remodeled with a minimalist, high‑end corporate design.; Six assigned parking spots located directly in front of the property.; Excellent location near hotels, restaurants, MIA, and Dolphin Mall, with easy access to 836 and Florida's Turnpike.
