Miami Distribution Warehouse Sublease
For Sale
Contact for pricing
1950 NW 70th Ave 1970, Miami, FL 33126
High-quality industrial space in Miami with excellent connectivity.
Property Size44,058 SF
Price / SF$0.00
Days on Market185
Property Features for 1950 NW 70th Ave 1970
General Information
Standard status
Active
Size
44,058 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$115,767
Building Details
Building Size
44,058 SF
Year Built
1969
Stories
1
Listed By:
David Olalde · License #3165708
(786) 246-1096
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 24 at 6:40PM
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 David Olalde
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Investment Insights
Based on property information with market context.
Located at 1950-1970 NW 70 Avenue in Miami, Florida, this distribution warehouse offers approximately 19,774 SF, 24,284 SF, or 44,058 SF of industrial space available for sublease through December 31, 2028. The facility features 2,500 square feet of office space and 20-foot clear ceiling heights. It is equipped with 3-phase heavy power, six dock-high doors, and one ramp, suitable for logistics and distribution operations. The space is divisible to as small as 19,774 square feet. Its strategic position in the Airport West submarket provides access to the Palmetto Expressway (SR 826), Florida's Turnpike, and Miami International Airport, facilitating regional and international connectivity. The location has a walk score of 37, indicating car-dependence, and a bike score of 38, indicating it is somewhat bikeable.
Key Highlights
- Below‑market sublease rate for high‑quality industrial space.
- Strategic location in the Airport West submarket with excellent access to major highways and Miami International Airport.
- Divisible space, offering flexibility from 19,774 SF up to 44,058 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$591,903
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,838,060
$11.8M
Cap Rate 7%
$8,455,757
$8.5M
Cap Rate 9%
$6,576,700
$6.6M
Market Conditions
NOI Build-Up for 44,058 SF
Gross rent
$888.2K $20.16/SF
− Vacancy
−$42.6K −$0.97/SF
EGI
$845.6K $19.19/SF
− OpEx
−$253.7K −$5.76/SF
NOI
$591.9K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,838,060
Cap Rate 7%
$8,455,757
Cap Rate 9%
$6,576,700
Alternative Uses
Best Use
Warehouse
$10.27M
$8.98M – $11.98M
NOI $718,739 @ 7.0% cap · market cap 4,227,876.47%
Second Best
Industrial
$8.46M
$7.40M – $9.87M
NOI $591,903 @ 7.0% cap · market cap 3,481,782.35%
Theoretical Best
Specialty Retail
$29.74M
$26.02M – $34.70M
NOI $2,081,760 @ 7.0% cap · market cap 12,245,647.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
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Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Distribution center - High-quality industrial space in Miami with excellent connectivity.
Where is this distribution center located?
The property is located at 1950 NW 70th Ave 1970 Miami, FL.
What are key features of this property?
This property features: Below‑market sublease rate for high‑quality industrial space.; Strategic location in the Airport West submarket with excellent access to major highways and Miami International Airport.; Divisible space, offering flexibility from 19,774 SF up to 44,058 SF.
