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    Allapattah Flex Unit Opportunity Title is generated by Realmo AI

    2320 NW 7th Ct #2326, Miami, FL 33127

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    Clean, small-bay industrial/flex unit in Miami Health District corridor.

    Type:Commercial
    Property size:
    1,683 SF
    Price / SF:
    $2/SF
    Added:
    May 19, 2026
    Days on Market:
    12
    Last Refresh:
    May 19 at 11:33 pm

    Property Features for 2320 NW 7th Ct #2326

    General Information

    Standard status
    Active
    Size
    1,683 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Bianca Guevara
    Bianca Guevara

    Listing agent Bianca Guevara License #3300298

    Listing office LUXE Properties LLC

    Listing date May 19, 2026

    Source Elliman

    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 LUXE Properties LLC

    HighLights

    • Prime location in the rapidly evolving Allapattah / Miami Health District corridor, near major medical facilities.
    • Excellent accessibility to Downtown Miami, the Miami River, SR‑836, and I‑95.
    • ±1,683 SF flex/warehouse unit with open layout and approx. 14’ clear ceiling height.
    • Updated electrical and plumbing, plus roll‑up door access.
    • Grandfathered‑in parking, a rare amenity for small‑bay industrial spaces in the urban core.
    • Suitable for a variety of uses including medical support, showroom/flex, light industrial, creative studio, e‑commerce, and storage/distribution.

    Overview

    This ±1,683 square foot flex unit is located in the Allapattah / Miami Health District corridor. The property is less than half a block from the Miami Center for Mental Health & Recovery and minutes from Jackson Memorial Hospital, the Miami River, Downtown Miami, SR-836, and I-95. The unit features an open flex/warehouse layout, approximately 14’ clear ceiling height, updated electrical and plumbing, and roll-up door access. Grandfathered-in parking is available. The property is suitable for medical support services, wellness or healthcare-adjacent users, showroom/flex, light industrial, creative studio, contractor, e-commerce, storage, or distribution uses. It has a bike score of 59, a walk score of 78, and a transit score of 57. The unit will be available starting June 1, 2026. Tenant to verify permitted use.
    Location Intelligence

    Current Use by Public Records

    Top Line Rent ... Car Rental Facility King Me Roofs ... Roofing Company Topline rent a car Car Rental Facility Both Barrels Wine ... Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Constellation Culinary Group — 2151 NW 1st Ct, Miami, FL 33127
    • GROAK CATERING — 1900 NE Miami Ct, Miami, FL 33132
    • Dadaillecatering — 428 NW 22nd St, Miami, FL 33127
    • Hospitality & Culinary Collective — 1406 NW 23rd St, Miami, FL 33142
    • Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.208044
    Latitude
    25.799376

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    FAQs

    What type of property is this?
    Flex space - Clean, small-bay industrial/flex unit in Miami Health District corridor.
    Where is this flex space located?
    The property is located at 2320 NW 7th Ct #2326 Miami, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location in the rapidly evolving Allapattah / Miami Health District corridor, near major medical facilities.; Excellent accessibility to Downtown Miami, the Miami River, SR‑836, and I‑95.; **±1,683 SF flex/warehouse unit with open layout and approx. 14’ clear ceiling height.**
    (786) 632-2640
    We can help!
    Listing Contact
    Bianca Guevara
    Bianca Guevara
    Real Estate License ID: 3300298
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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