New Construction Versatile Warehouse
235 NE 67th St, Miami, FL 33138
For Sale
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New construction warehouse with office, full AC, and generator.
Property Size7,302 SF
Lot Size0.23 Acres
Price / SF$3.63
Days on Market248
Property Features for 235 NE 67th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Metro 1
Listed By:
Irene Dakota · License FL #3062153
(305) 972-8860
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 25 at 4:16AM
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
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Investment Insights
Based on property information with market context.
This new construction warehouse at 235 NE 67 St, Miami, FL 33138 offers 7302 square feet of space. The warehouse features 30 ft ceilings and is fully air-conditioned. A backup generator is included. In addition to storage, the property provides a complete workspace solution with an 1800 sq ft office. It also includes a mop sink area, a shower, and three bathrooms. An elevator provides access to the second floor, where a kitchenette is located. This versatile space is suitable for various purposes, including storage, e-commerce, content creation, and car collections.
Key Highlights
- 7302 sq ft new construction warehouse space
- Includes 1800 sq ft office space
- Impressive 30 ft ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,100
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,962,000
$2.0M
Cap Rate 7%
$1,401,429
$1.4M
Cap Rate 9%
$1,090,000
$1.1M
Market Conditions
NOI Build-Up for 7,302 SF
Gross rent
$147.2K $20.16/SF
− Vacancy
−$7.1K −$0.97/SF
EGI
$140.1K $19.19/SF
− OpEx
−$42.0K −$5.76/SF
NOI
$98.1K $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%
$1,962,000
Cap Rate 7%
$1,401,429
Cap Rate 9%
$1,090,000
Alternative Uses
Best Use
Office B
$2.99M
$2.62M – $3.49M
NOI $209,476 @ 7.0% cap
Second Best
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,121 @ 7.0% cap
Theoretical Best
Specialty Retail
$4.93M
$4.31M – $5.75M
NOI $345,023 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Balanced
Demand for This Use
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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
$686,300
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Office in Miami, FL
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- New Horizon — 43 NE 54th St, Miami, FL 33137
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Frequently Asked Questions
What type of property is this?
Warehouse - New construction warehouse with office, full AC, and generator.
Where is this warehouse located?
The property is located at 235 NE 67th St Miami, FL.
What are key features of this property?
This property features: 7302 sq ft new construction warehouse space; Includes 1800 sq ft office space; Impressive 30 ft ceilings
