7-Unit Flex Warehouse
20200 NW 2nd Ave, Miami Gardens, FL 33169
For Sale
New
$3,500,000
All seven units are leased to long-term tenants within a private industrial park.
Property Size10,756 SF
Price / SF$325.40
Days on Market1
Property Features for 20200 NW 2nd Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Anac Global Realty, LLC
(305) 721-2786
Listed By:
Sarkis Anac
(305) 216-3472
Source:
Grayprop
Added: Nov 7
Last Checked: Nov 7 at 2:18PM
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 Anac Global Realty, LLC
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 flex warehouse portfolio comprises seven units totaling 10,756 square feet. Individual units range from 1,215 to 1,784 square feet, and all are occupied by long-term tenants. The property was built in 2007 and is situated in a private industrial park in Miami Gardens.
The site provides access to I-95, the Florida Turnpike, and the Palmetto Expressway (826).
The site provides access to I-95, the Florida Turnpike, and the Palmetto Expressway (826).
Key Highlights
- Seven flex warehouse units totaling 10,756 square feet
- Unit sizes range from 1,215 to 1,784 square feet
- All units are leased to long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,626
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,172,520
$3.2M
Cap Rate 7%
$2,266,086
$2.3M
Cap Rate 9%
$1,762,511
$1.8M
Market Conditions
NOI Build-Up for 10,756 SF
Gross rent
$197.5K $18.36/SF
− Vacancy
−$10.9K −$1.01/SF
EGI
$186.6K $17.35/SF
− OpEx
−$28.0K −$2.60/SF
NOI
$158.6K $14.75/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,172,520
Cap Rate 7%
$2,266,086
Cap Rate 9%
$1,762,511
Alternative Uses
Best Use
Warehouse
$2.27M
$1.98M – $2.64M
NOI $158,626 @ 7.0% cap · market cap 4.53%
Second Best
Flex RnD
$2.03M
$1.77M – $2.37M
NOI $141,953 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,155 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
Market
Average Price Trend$/SF for Flex space in Miami-Dade County, FL
Properties on Market for Flex space in Miami-Dade County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- STF Events and Catering — 160 NW 176th St, Miami, FL 33169
- R.SMACKERZ — 99 NW 183rd St suite 128c, Miami Gardens, FL 33169
- Wise Girls LLC — 111 NW 183rd St, Miami, FL 33169
- Suzanne's Kitchens
- Max Productions Int'l Corp.
Frequently Asked Questions
What type of property is this?
Flex space - All seven units are leased to long-term tenants within a private industrial park.
Where is this flex space located?
The property is located at 20200 NW 2nd Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Seven flex warehouse units totaling 10,756 square feet; Unit sizes range from 1,215 to 1,784 square feet; All units are leased to long‑term tenants
