Remodeled Flex Space with
For Sale
Contact for pricing
1835 NW 112th Ave, Miami, FL 33172
Remodeled flex space with showroom, warehouse, and office areas.
Property Size2,595 SF
Price / SF$499.04
Days on Market189
Property Features for 1835 NW 112th Ave
General Information
Standard status
Active
Size
2,595 SF
Class
A
Total Parking Spaces
6
Property subtype
Industrial
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$39,571
Building Details
Year Built
2008
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Avanti Way Realty
(305) 229-1146
Listed By:
Maurizio Oronzo · License #FL 3052654
Source:
Crexi
Added: Feb 5
Changed: Aug 12
Last Checked: Aug 11 at 6:28PM
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
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 = 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
$42,333
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
3.27%
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%
$846,660
$846.7K
Cap Rate 7%
$604,757
$604.8K
Cap Rate 9%
$470,367
$470.4K
Market Conditions
NOI Build-Up for 2,595 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
$52.3K $20.16/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$49.8K $19.19/SF
− OpEx
−$7.5K −$2.88/SF
NOI
$42.3K $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 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%
$846,660
Cap Rate 7%
$604,757
Cap Rate 9%
$470,367
Alternative Uses
Best Use
Warehouse
$604.8K
$529.2K – $705.6K
NOI $42,333 @ 7.0% cap · market cap 3.27%
Second Best
Flex RnD
$543.6K
$475.7K – $634.2K
NOI $38,053 @ 7.0% cap · market cap 2.94%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,452
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Paella VIP — 2103 SW 100th Ct, Miami, FL 33165
- Chef Brian Catering | Best Event Catering in Miami | Paella Catering | Tapas Catering | — 2404 SW 107th Ave, Miami, FL 33165
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.
