22700 SW 177th Ave, Miami, FL 33170

Building Details

Year Built 2015 More

Buildings 1 More

Stories 2 More

Listing Agency: Foresight Realty Group Corp.

Listed By: Nelson Gonzalez · License FL #3163413 Show Phone

Source: Crexi

Added: Sep 23, 2023 Changed: Nov 4 Last Checked: Nov 12 at 5:16AM

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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 Foresight Realty Group Corp.

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Investment Insights

Based on property information with market context.

Located on Krome Avenue in Miami, Florida, this property presents an opportunity for agricultural business-related commercial ventures. The property includes a 7,000-square-foot free-standing warehouse situated on 4.6946 acres, equivalent to 204,497 square feet. It features approximately 344 square feet of frontage on Krome Avenue, providing exposure to vehicular traffic. The warehouse incorporates a 2,500-square-foot office area with multiple offices, a 2,500-square-foot finished showroom, and a 2,500-square-foot warehouse area. Loading and unloading are facilitated by four loading bays and a loading ramp. The primary land use is designated for warehouse, terminal, or storage purposes.

Key Highlights

• 7,000 SQFT Free Standing Warehouse on 4.69 Acres
• High‑Traffic Location: Almost 344 SQFT of frontage on Krome Avenue
• Agricultural Business Related Commercial Potential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$114,194

Cap Rate

4.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,283,880 $2.3M

Cap Rate 7%

$1,631,343 $1.6M

Cap Rate 9%

$1,268,822 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$141.1K $20.16/SF

− Vacancy

−$6.8K −$0.97/SF

EGI

$134.3K $19.19/SF

− OpEx

−$20.2K −$2.88/SF

NOI

$114.2K $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%

$2,283,880

Cap Rate 7%

$1,631,343

Cap Rate 9%

$1,268,822

Alternative Uses

Best Use

Warehouse

$1.63M

$1.43M – $1.90M (±1% cap)

NOI $114,194 @ 7.0% cap · market cap 4.57%

Second Best

Industrial

$1.34M

$1.18M – $1.57M (±1% cap)

NOI $94,042 @ 7.0% cap · market cap 3.76%

Theoretical Best

Specialty Retail

$4.73M

$4.13M – $5.51M (±1% cap)

NOI $330,753 @ 7.0% cap · market cap 13.23%

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

Xtreme Farming - Indoor ... Factory

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store Building Supply

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

107

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33170, FL

14,908

Population

4,839

Households

3.1

Avg Household Size

37

Median Age

22%

College-Educated

79%

High-School Grad

12.4 sq mi

ZIP Area

1,202

Density / Sq Mi

$68,953

Median Household Income

$40,052

Median Earnings

$1,511

Median Rent

$426,200

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

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse with commercial potential on Krome Avenue in Miami.

Where is this warehouse located?

The property is located at 22700 SW 177th Ave Miami, FL.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 7,000 SQFT Free Standing Warehouse on 4.69 Acres; High‑Traffic Location: Almost 344 SQFT of frontage on Krome Avenue; Agricultural Business Related Commercial Potential