Industrial Warehouse on Corner
For Sale
$3,500,000
Pending
2428 NW 7th Avenue, Miami, FL 33127
Large industrial warehouse on a corner lot, zoned for heavy to light manufacturing and related uses.
Property Size13,529 SF
Days on Market54
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: Aug 1 at 3:43AM
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,803
Businesses Nearby
Well-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
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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
