2059 NW 24th Ave, Miami, FL 33142

Listing Agency: Gridline Properties Show Phone

Listed By: Jonathan Eismann · License FL #3243175 Show Phone

Source: Moodyscre

Added: Mar 21, 2025 Changed: Nov 9 Last Checked: Nov 12 at 4:25AM

Report an Issue

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 Gridline Properties

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This industrial warehouse building is offered for sale and includes a 20' ceiling height. The property is listed as 9,500 square feet of warehouse space on a 14,600 square foot lot, with zoning designated as D2 - Light Industrial.

The site is located in Central Allapattah at 2059 NW 24th Ave, Miami, FL 33142, making it suited for light industrial uses consistent with the D2 zoning designation.

The offering includes a warehouse configuration within a dedicated light industrial zoning framework.

Key Highlights

• Industrial warehouse for sale in Central Allapattah
• 9,500 SF building with D2 light industrial zoning
• 20' ceiling height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$154,978

Cap Rate

4.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,099,560 $3.1M

Cap Rate 7%

$2,213,971 $2.2M

Cap Rate 9%

$1,721,978 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,500 SF

Gross rent

$191.5K $20.16/SF

− Vacancy

−$9.2K −$0.97/SF

EGI

$182.3K $19.19/SF

− OpEx

−$27.3K −$2.88/SF

NOI

$155.0K $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 Rate 5%

$3,099,560

Cap Rate 7%

$2,213,971

Cap Rate 9%

$1,721,978

Alternative Uses

Best Use

Warehouse

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $154,978 @ 7.0% cap · market cap 4.70%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$6.41M

$5.61M – $7.48M (±1% cap)

NOI $448,879 @ 7.0% cap · market cap 13.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Traffic Shoes Department Store Women's Wholesale Shoes ... Big Box & Wholesale Store Maker's Shoes Big Box & Wholesale Store CI FASHION NOW ... Logistics Company

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Daycare Center Acupuncture Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,317

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33142, FL

55,425

Population

22,275

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

69%

High-School Grad

10.9 sq mi

ZIP Area

5,085

Density / Sq Mi

$37,900

Median Household Income

$29,109

Median Earnings

$1,289

Median Rent

$298,000

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Miami, FL

$316 Jul

$325 Aug

$300 Sep

$306 Oct

Properties on Market for Warehouses in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

Similar For Sale Nearby

See more

Freestanding Warehouse with Yard

2655 NE 188th St, Miami, FL 33180

$4,200,000

9,860 SF

View details

Four-Bay Warehouse

3787 Nw 38th St, Miami, FL 33142

$2,400,000

9,000 SF

View details

Industrial Warehouse with Loading Doors

3904 NW 32nd Ave, Miami, FL 33142

$2,460,000

10,925 SF

View details

Air-Conditioned Flex Space

7620 NW 25th St # 4, Miami, FL 33122

$3,100,000

7,247 SF

View details

Flex Space with Dock Loading

Miami, FL 33172

$2,950,000

7,160 SF

View details

New Construction Versatile Warehouse Space

221 NE 67th St 2, Miami, FL 33138

$4,415,400

7,845 SF

View details

Warehouse with Office & Mezzanine

6700 NE 2nd Ct 4, Miami, FL 33138

$3,532,650

6,225 SF

View details

Freestanding Office-Showroom Building

9465 SW 56th St, Miami, FL 33165

$3,150,000

5,140 SF

View details

Modernized Creative Flex Property

261 NW 71st St, Miami, FL 33150

$6,200,000

12,500 SF

View details

Two-Story Flex Condo

20157 NE 16th Pl 20157, Miami, FL 33179

$1,700,000

7,244 SF

View details

Allapattah Warehouse Building For Sale

1401 NW 23rd St, Miami, FL 33142

$5,150,000

14,560 SF

View details

Freestanding Warehouse with Roll-Up Access

2134 NW Miami Court, Miami, FL 33127

$5,400,000

6,327 SF

View details

Similar Off Market Nearby

• Hurricane Cove Marina & Boatyard — 1884 NW N River Dr, Miami, FL 33125
• Austral Marina — 2190 NW N River Dr, Miami, FL 33125
• Premier Car Storage — 1851 Delaware Pkwy, Miami, FL 33125
• A+ Storage — 1851 Delaware Pkwy, Miami, FL 33125
• CubeSmart Self Storage — 2545 NW 20th St, Miami, FL 33142

Frequently Asked Questions

What type of property is this?

Warehouse - Industrial warehouse for sale featuring a 20' ceiling height and D2 light industrial zoning.

Where is this warehouse located?

The property is located at 2059 NW 24th Ave Miami, FL.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Industrial warehouse for sale in Central Allapattah; 9,500 SF building with D2 light industrial zoning; 20' ceiling height