Four Flex
221 NE 67th St, Miami, FL 33138
For Sale
Contact for pricing
Campus of four newly constructed flex warehouses totaling 29,500 SF, designed for end-users or investors.
Property Size29,500 SF
Price / SF$542.37
Days on Market108
Property Features for 221 NE 67th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Building Details
Buildings
Listing Agency:
Metro 1 Commercial
(305) 571-9991
Listed By:
Irene Dakota · License FL #3062153
(305) 972-8860
Source:
Moodyscre
Added: Jul 28
Changed: Nov 11
Last Checked: Nov 12 at 10:30AM
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 Metro 1 Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at the intersection of NE 2nd Avenue and 67th Street, this flex space campus includes four newly constructed flex warehouses. The buildings are described as state-of-the-art and developed with advanced construction quality and features.
The project is positioned as purpose-built for end-users or investors seeking durable industrial design. The warehouses are presented as “fully equipped,” supporting a range of practical flex-buyer needs within an industrial campus format.
With a total size of 29,500 SF, the property offers a modern, multi-building setup intended to provide both operational functionality and long-term durability as part of a purpose-designed industrial development.
The project is positioned as purpose-built for end-users or investors seeking durable industrial design. The warehouses are presented as “fully equipped,” supporting a range of practical flex-buyer needs within an industrial campus format.
With a total size of 29,500 SF, the property offers a modern, multi-building setup intended to provide both operational functionality and long-term durability as part of a purpose-designed industrial development.
Key Highlights
- Four newly constructed flex warehouses
- Total size 29,500 SF
- State‑of‑the‑art industrial project at NE 2nd Avenue and 67th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$481,247
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,624,940
$9.6M
Cap Rate 7%
$6,874,957
$6.9M
Cap Rate 9%
$5,347,189
$5.3M
Market Conditions
NOI Build-Up for 29,500 SF
Gross rent
$594.7K $20.16/SF
− Vacancy
−$28.5K −$0.97/SF
EGI
$566.2K $19.19/SF
− OpEx
−$84.9K −$2.88/SF
NOI
$481.2K $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%
$9,624,940
Cap Rate 7%
$6,874,957
Cap Rate 9%
$5,347,189
Alternative Uses
Best Use
Warehouse
$6.87M
$6.02M – $8.02M
NOI $481,247 @ 7.0% cap · market cap 3.01%
Second Best
Flex RnD
$6.18M
$5.41M – $7.21M
NOI $432,588 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$19.91M
$17.42M – $23.23M
NOI $1,393,888 @ 7.0% cap · market cap 8.71%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,201
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Campus of four newly constructed flex warehouses totaling 29,500 SF, designed for end-users or investors.
Where is this flex space located?
The property is located at 221 NE 67th St Miami, FL.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Four newly constructed flex warehouses; Total size 29,500 SF; State‑of‑the‑art industrial project at NE 2nd Avenue and 67th Street
