Industrial Warehouse on Corner
2428 NW 7th Avenue Miami, FL 33127
For Sale
$3,500,000
Pending
Large industrial warehouse on a corner lot, zoned for heavy to light manufacturing and related uses.
Property Size13,529 SF
Days on Market45
Property Features for 2428 NW 7th Avenue
General Information
- Standard status
- Pending
- Size
- 13,529 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1926
Listing Agency:
KELLER WILLIAMS REALTY SW
(305) 283-0339
Listed By:
STEPHANY BUCHICCHIO · License #A12002232
Source:
Corcoran
Added: Jun 9
Changed: Jul 22
Last Checked: Jul 23 at 8:47AM
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 KELLER WILLIAMS REALTY SW
Investment Insights
Based on property information with market context.
This property is an existing industrial warehouse and business site on a large corner lot. The public remarks indicate the facility includes over 13,000 square feet and is described as having potential for multiple business uses.
The property is located in Dade County, with the public remarks noting it is blocks from Wynwood. The site is described as centrally located, and the zoning is stated as heavy to light manufacturing, food processing, and retail warehouse space, with the option to be used as residential as well.
Interested parties should contact the listing broker to schedule an appointment to view the property and confirm allowable uses under the applicable zoning regulations.
The property is located in Dade County, with the public remarks noting it is blocks from Wynwood. The site is described as centrally located, and the zoning is stated as heavy to light manufacturing, food processing, and retail warehouse space, with the option to be used as residential as well.
Interested parties should contact the listing broker to schedule an appointment to view the property and confirm allowable uses under the applicable zoning regulations.
Key Highlights
- 1926‑built industrial warehouse on a huge corner lot in Dade County
- Over 13,000 sq ft for warehouse and related uses
- Zoned for heavy to light manufacturing, food processing, and retail warehouse space
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $272.7k | $20.16 |
| − Vacancy | −$13.1k | −$0.97 |
| EGI | $259.7k | $19.19 |
| − OpEx | −$38.9k | −$2.88 |
| NOI | $220.7k | $16.31 |
13,529 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.15M
$2.76M – $3.68M
NOI $220,705 @ 7.0% cap · market cap 6.31%
Second Best
Industrial
$2.60M
$2.27M – $3.03M
NOI $181,757 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$9.13M
$7.99M – $10.65M
NOI $639,251 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Galapagos Divers
Vocational School
Similar Off Market Nearby
- Bounce Luggage Storage - Town Square — 1657 N Miami Ave unit d, Miami, FL 33136
- Rent By The Pallet Cold Storage — 1275 NW 21st St, Miami, FL 33142
- Bounce Luggage Storage - Central Wynwood — 220 NW 24th St, Miami, FL 33127
- Nearby Self Storage Units - Miami, Florida — 60 NW 20th St, Miami, FL 33127
- Bounce Luggage Storage (Reserve Online) — 2401 N Miami Ave, Miami, FL 33127
FAQs
What type of property is this?
Warehouse - Large industrial warehouse on a corner lot, zoned for heavy to light manufacturing and related uses.
Where is this warehouse located?
The property is located at 2428 NW 7th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 1926‑built industrial warehouse on a huge corner lot in Dade County; Over 13,000 sq ft for warehouse and related uses; Zoned for heavy to light manufacturing, food processing, and retail warehouse space
