Four Flex
New
For Sale
Contact for pricing
221 NE 67th St, Miami, FL 33138
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 Market5
Property Features for 221 NE 67th St
General Information
Standard status
Active
Size
29,500 SF
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Building Details
Buildings
4
Listing Agency:
Metro 1 Commercial
(305) 972-8860
Listed By:
Irene Dakota · License #3062153
Source:
Moodyscre
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 5:00AM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $594.7k | $20.16 |
| − Vacancy | −$28.5k | −$0.97 |
| EGI | $566.2k | $19.19 |
| − OpEx | −$84.9k | −$2.88 |
| NOI | $481.2k | $16.31 |
29,500 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
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.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,519
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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
