Freestanding Warehouse with
For Sale
$4,200,000
2655 NE 188th St, Miami, FL 33180
Freestanding warehouse with gated yard, 16' clear height, and office buildout with private offices and conference room.
Property Size9,860 SF
Price / SF$425.96
Days on Market95
Property Features for 2655 NE 188th St
General Information
Standard status
Active
Size
9,860 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
3
Heavy Power
Yes
Building Details
Building Size
9,860 SF
Year Built
1969
Year Renovated
2024
Listing Agency:
SVN - Commercial Realty | Miami
Listed By:
Joel A. Kattan, SIOR · License #674519
(954) 448-8531
Source:
Svn
Added: Jul 23
Changed: Oct 23
Last Checked: Oct 24 at 3:24PM
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 SVN - Commercial Realty | Miami
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Investment Insights
Based on property information with market context.
Freestanding warehouse offering approximately 9,860 SF with a tenant-ready office configuration and supportive warehouse improvements. The office area includes two private offices, a conference room, bull pen open area, and one restroom, while the warehouse features three restrooms. Warehouse clear height is approximately 16 feet with a twin T roof (2024). The property includes column-free space and two operational built-in exhaust fans, with 3-phase 240V service and 600 amp power. There are three 3 grade level doors (10' W x 14' H) with electric openers.
The site includes a fully gated, secured yard with ample parking and additional on-site storage space. There is a 1,200 SF mezzanine (not included in the stated SF) and an additional approximately 900 SF of mezzanine storage above the office (not included in the stated SF). The property is on sewer and has completed 40/50-year recertification.
Access is provided via three grade level doors suitable for loading and staging within the secured yard and parking areas.
The site includes a fully gated, secured yard with ample parking and additional on-site storage space. There is a 1,200 SF mezzanine (not included in the stated SF) and an additional approximately 900 SF of mezzanine storage above the office (not included in the stated SF). The property is on sewer and has completed 40/50-year recertification.
Access is provided via three grade level doors suitable for loading and staging within the secured yard and parking areas.
Key Highlights
- ±9,860 SF freestanding warehouse with yard in Aventura; on sewer and in excellent condition after renovations/paint.
- 16' clear height with twin T roof (2024) and column‑free warehouse layout.
- Built‑in operational exhaust fans plus 3‑phase 240V/600 amp power.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,851
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,217,020
$3.2M
Cap Rate 7%
$2,297,871
$2.3M
Cap Rate 9%
$1,787,233
$1.8M
Market Conditions
NOI Build-Up for 9,860 SF
Gross rent
$198.8K $20.16/SF
− Vacancy
−$9.5K −$0.97/SF
EGI
$189.2K $19.19/SF
− OpEx
−$28.4K −$2.88/SF
NOI
$160.9K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,217,020
Cap Rate 7%
$2,297,871
Cap Rate 9%
$1,787,233
Alternative Uses
Best Use
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,851 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.66M
$5.82M – $7.76M
NOI $465,889 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,995
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Public Storage — 2641 NE 186th Terrace, Miami, FL 33180
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- Public Storage — 2940 NE 188th St, Aventura, FL 33180
- Carefree Boat Club — 2890 NE 187th St, Aventura, FL 33180
- Storage King USA — 19301 W Dixie Hwy, Miami, FL 33180
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with gated yard, 16' clear height, and office buildout with private offices and conference room.
Where is this warehouse located?
The property is located at 2655 NE 188th St Miami, FL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: ±9,860 SF freestanding warehouse with yard in Aventura; on sewer and in excellent condition after renovations/paint.; 16' clear height with twin T roof (2024) and column‑free warehouse layout.; Built‑in operational exhaust fans plus 3‑phase 240V/600 amp power.
