Urban Flex Space with Roll-Up
For Sale
Contact for pricing
Pending
2320 NW 7th Ct # 2326 Unit #2326, Miami, FL 33127
Open-plan commercial space with updated electrical and plumbing, roll-up access, and grandfathered-in parking.
Property Size9,000 SF
Days on Market50
Property Features for 2320 NW 7th Ct # 2326 Unit #2326
General Information
Standard status
Pending
Size
9,000 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
South Sewell Park
Building Details
Building Size
9,000 SF
Year Built
1961
Listing Agency:
Luxe Properties
Listed By:
Bianca Guevara · License #3300298
(305) 401-4384
Source:
Batrare
Added: Sep 6
Changed: Oct 24
Last Checked: Oct 25 at 12:38AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit #2326 is a small-bay flex space within a 9,000-square-foot property built in 1961. The approximately +-1,683 SF unit features an open flex and warehouse configuration, an approximate 14-foot clear ceiling, updated electrical and plumbing, roll-up door access, and grandfathered-in parking. The layout supports a range of commercial applications, including medical support services, wellness and healthcare-adjacent operations, showroom or flex use, light industrial work, creative studio activity, contracting, e-commerce, storage, and distribution, subject to permitted-use verification.
The property is located at 2320 NW 7th Ct in Miami’s Allapattah and Miami Health District corridor. It is positioned less than half a block from the Miami Center for Mental Health & Recovery and near Jackson Memorial Hospital, the Miami River, Downtown Miami, SR-836, and I-95.
The property is located at 2320 NW 7th Ct in Miami’s Allapattah and Miami Health District corridor. It is positioned less than half a block from the Miami Center for Mental Health & Recovery and near Jackson Memorial Hospital, the Miami River, Downtown Miami, SR-836, and I-95.
Key Highlights
- +-1,683 SF flex/warehouse unit
- Approx. 14' clear ceiling height
- Open flex and warehouse layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,912
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,418,240
$2.4M
Cap Rate 7%
$1,727,314
$1.7M
Cap Rate 9%
$1,343,467
$1.3M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$181.4K $20.16/SF
− Vacancy
−$8.7K −$0.97/SF
EGI
$172.7K $19.19/SF
− OpEx
−$51.8K −$5.76/SF
NOI
$120.9K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,418,240
Cap Rate 7%
$1,727,314
Cap Rate 9%
$1,343,467
Alternative Uses
Best Use
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,821 @ 7.0% cap · market cap 3,090.97%
Second Best
Flex RnD
$1.89M
$1.65M – $2.20M
NOI $131,976 @ 7.0% cap · market cap 2,778.44%
Theoretical Best
Specialty Retail
$6.08M
$5.32M – $7.09M
NOI $425,254 @ 7.0% cap · market cap 8,952.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,237
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
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- Salsa Grill Catering
Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial space with updated electrical and plumbing, roll-up access, and grandfathered-in parking.
Where is this flex space located?
The property is located at 2320 NW 7th Ct # 2326 Unit #2326 Miami, FL.
What are key features of this property?
This property features: +-1,683 SF flex/warehouse unit; Approx. 14' clear ceiling height; Open flex and warehouse layout
