Four-Unit Industrial Warehouse
New
For Sale
$2,000,000
18541 SW 104th Avenue, Miami, FL 33157
The deeded units offer flexible occupancy, with delivery anticipated in vacant condition at closing.
Property Size6,290 SF
Price / SF$317.97
Days on Market2
Property Features for 18541 SW 104th Avenue
General Information
Standard status
Active
Size
6,290 SF
Property subtype
Warehouse
Additional Details
Clear Height
18 ft
Amenities
Vacant Industrial Condo Portfolio: Four separately deeded units totaling 6,290 SF, offered at $2.0M and expected vacant at closing.
Flexible Owner User Opportunity: 18' clear height, street level loading and 10' x 9' roll up doors within an established South Miami Dade industrial park.
Vacant at Closing: Expected vacant delivery gives an owner user the ability to occupy the property without waiting on existing leases.
Building Details
Building Size
6,290 SF
Year Built
1990
Listing Agency:
Miami Office
Listed By:
Ben Brett · License #License(s): FL: SL3645515
(786) 522-7058
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 3:19PM
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 Miami Office
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Investment Insights
Based on property information with market context.
This 6,290-square-foot warehouse offering consists of four individually deeded condominium spaces, each measuring approximately 1,470 to 1,740 square feet. The units are expected to be vacant at closing, allowing the property to be occupied as a whole or divided among multiple spaces. Features include 18-foot clear height, street-level loading and 10-by-9-foot roll-up doors. The building dates to 1990.
The property is within Quail Roost Business Centre in South Miami-Dade, at 18531, 18537, 18539 and 18541 SW 104th Avenue in Miami. Its condominium structure allows the four spaces to be held under separate ownership.
The property is within Quail Roost Business Centre in South Miami-Dade, at 18531, 18537, 18539 and 18541 SW 104th Avenue in Miami. Its condominium structure allows the four spaces to be held under separate ownership.
Key Highlights
- Four deeded condominium units totaling 6,290 square feet
- Individual spaces range from approximately 1,470 to 1,740 square feet
- Expected vacant delivery at closing
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
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
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - The deeded units offer flexible occupancy, with delivery anticipated in vacant condition at closing.
Where is this warehouse located?
The property is located at 18541 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 deeded condominium units totaling 6,290 square feet; Individual spaces range from approximately 1,470 to 1,740 square feet; Expected vacant delivery at closing
