Single-Tenant Industrial Property in
For Sale
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2355 NW 35th Ave, Miami, FL
Single-tenant industrial property with 14,225 SF rentable area.
Property Size14,225 SF
Lot Size0.88 Acres
Price / SF$456.94
Days on Market386
Property Features for 2355 NW 35th Ave
General Information
Standard status
Active
Size
14,225 SF
Lot size
0.88 Acres
Property subtype
RETAIL
Listing Agency:
Marcus & Millichap | Fort Lauderdale
(954) 245-3495
Listed By:
Joseph P. Thomas · License #SL3174354
(954) 245-3492
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Sep 4
Last Checked: Sep 9 at 5:20AM
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 Marcus & Millichap | Fort Lauderdale
Investment Insights
Based on property information with market context.
This single-tenant industrial property offers 14,225 square feet of rentable building area on a 38,420-square-foot lot. The property is located in Miami, FL. Currently, the property is leased to Elite Collision Specialist.
Key Highlights
- Single‑tenant industrial property
- Leased to Elite Collision Specialist
- 14,225 square feet** of rentable building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$464,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,282,000
$9.3M
Cap Rate 7%
$6,630,000
$6.6M
Cap Rate 9%
$5,156,667
$5.2M
Market Conditions
NOI Build-Up for 14,225 SF
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.
Gross rent
$739.1K $51.96/SF
− Vacancy
−$76.1K −$5.35/SF
EGI
$663.0K $46.61/SF
− OpEx
−$198.9K −$13.98/SF
NOI
$464.1K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,282,000
Cap Rate 7%
$6,630,000
Cap Rate 9%
$5,156,667
Alternative Uses
Best Use
Retail
$6.63M
$5.80M – $7.74M
NOI $464,100 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$2.73M
$2.39M – $3.19M
NOI $191,108 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$9.60M
$8.40M – $11.20M
NOI $672,138 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant industrial property with 14,225 SF rentable area.
Where is this auto shop located?
The property is located at 2355 NW 35th Ave Miami, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Single‑tenant industrial property; Leased to **Elite Collision Specialist**; 14,225 square feet** of rentable building area
