4-Unit Warehouse
18531 SW 104th Avenue, Miami, FL 33157
For Sale
Contact for pricing
Four warehouse-style units are expected to be delivered vacant at closing within the same business center.
Property Size6,290 SF
Price / SF$317.97
Days on Market38
Property Features for 18531 SW 104th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Road Access
Clear Height
Property Use
Building Details
Year Built
Listing Agency:
Marcus & Millichap - The Zylberglait Group
Listed By:
Alex Zylberglait · License FL BK3015211
(786) 522-7056
Source:
Crexi
Added: Oct 6
Changed: Nov 11
Last Checked: Nov 12 at 6:00AM
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 Marcus & Millichap - The Zylberglait Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse condominium offering brings together four units totaling approximately 6,290 square feet at 18531 SW 104th Avenue. The warehouse-style spaces have 18-foot clear heights, direct street-level access, and 10' x 9' grade-level roll-up doors. The business center was built in 1990, and the units are expected to be vacant at closing. Unit sizes are based on Miami-Dade Property Appraiser records.
The property sits in South Miami-Dade’s South Dixie Highway industrial area, with access to US-1 / South Dixie Highway, Quail Roost Drive, Florida's Turnpike, and the South Dade Busway. Dadeland South Metrorail Station is about 13 minutes away, while Miami International Airport is about 30 minutes away. CoStar reports approximately 51,859 vehicles per day on Quail Roost Drive and approximately 27,564 vehicles per day on Homestead Avenue.
The property sits in South Miami-Dade’s South Dixie Highway industrial area, with access to US-1 / South Dixie Highway, Quail Roost Drive, Florida's Turnpike, and the South Dade Busway. Dadeland South Metrorail Station is about 13 minutes away, while Miami International Airport is about 30 minutes away. CoStar reports approximately 51,859 vehicles per day on Quail Roost Drive and approximately 27,564 vehicles per day on Homestead Avenue.
Key Highlights
- Four warehouse condominium units totaling approximately 6,290 square feet
- 18‑foot clear height and direct street‑level access
- 10' x 9' grade‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,456
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,120
$1.6M
Cap Rate 7%
$1,177,943
$1.2M
Cap Rate 9%
$916,178
$916.2K
Market Conditions
NOI Build-Up for 6,290 SF
Gross rent
$102.7K $16.32/SF
− Vacancy
−$5.6K −$0.90/SF
EGI
$97.0K $15.42/SF
− OpEx
−$14.6K −$2.31/SF
NOI
$82.5K $13.11/SF
Area
ZIP 33157
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,120
Cap Rate 7%
$1,177,943
Cap Rate 9%
$916,178
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,456 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,383 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,382
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Four warehouse-style units are expected to be delivered vacant at closing within the same business center.
Where is this warehouse located?
The property is located at 18531 SW 104th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Four warehouse condominium units totaling approximately 6,290 square feet; 18‑foot clear height and direct street‑level access; 10' x 9' grade‑level roll‑up doors
