Freestanding Warehouse with
2655 NE 188th St Miami, FL 33180
New
For Sale
$4,200,000
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 Market2
Property Features for 2655 NE 188th St
General Information
- Standard status
- Active
- Size
- 9,860 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1969
Listing Agency:
SVN Commercial Realty
(954) 448-8531
Listed By:
Joel A. Kattan, SIOR · License #3245917
(954) 448-8531
Source:
Svn
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 7:53AM
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
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 For Office B
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 | $443.7k | $45.00 |
| − Vacancy | −$66.6k | −$6.75 |
| EGI | $377.1k | $38.25 |
| − OpEx | −$94.3k | −$9.56 |
| NOI | $282.9k | $28.69 |
9,860 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.04M
$3.54M – $4.71M
NOI $282,859 @ 7.0% cap · market cap 6.73%
Second Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $160,851 @ 7.0% cap · market cap 3.83%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
C & C Products
Electronics & Wireless Store
Similar Off Market Nearby
- Public Storage — 2641 NE 186th Terrace, Miami, FL 33180
- Storage King USA — 19301 W Dixie Hwy, Miami, FL 33180
- Adm — 18851 NE 29th Ave, Aventura, FL 33180
- Carefree Boat Club — 2890 NE 187th St, Aventura, FL 33180
- Public Storage — 2940 NE 188th St, Aventura, FL 33180
FAQs
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.
