Miami Industrial Building For
For Sale
$3,290,000
3035 NW 40th St, Miami, FL 33142
Industrial building available for purchase in Miami, Florida.
Property Size10,500 SF
Price / SF$313.33
Days on Market161
Property Features for 3035 NW 40th St
General Information
Standard status
Active
Size
10,500 SF
Building Details
Year Built
1966
Listing Agency:
Harbor Realty Inv. Corp
Listed By:
John Olsen · License #0561992
(305) 438-4100
Source:
Mymiahomes
Added: May 14
Changed: Oct 2
Last Checked: Oct 7 at 4:24PM
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 Harbor Realty Inv. Corp
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Investment Insights
Based on property information with market context.
This industrial building, known as The Parts House (TPH), is available for purchase. The property is located in Miami, Florida, and has a size of 10500 square feet. The property is being offered as a NNN (triple net lease) investment.
Key Highlights
- NNN industrial building now just listed!
- Located in Miami, FL.
- Tenant is The Parts House (TPH).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,064
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,280
$2.8M
Cap Rate 7%
$2,015,200
$2.0M
Cap Rate 9%
$1,567,378
$1.6M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$211.7K $20.16/SF
− Vacancy
−$10.2K −$0.97/SF
EGI
$201.5K $19.19/SF
− OpEx
−$60.5K −$5.76/SF
NOI
$141.1K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,280
Cap Rate 7%
$2,015,200
Cap Rate 9%
$1,567,378
Alternative Uses
Best Use
Industrial
$2.02M
$1.76M – $2.35M
NOI $141,064 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.09M
$6.20M – $8.27M
NOI $496,130 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building available for purchase in Miami, Florida.
Where is this industrial property located?
The property is located at 3035 NW 40th St Miami, FL.
What is the asking price?
The asking price for this property is $3,290,000.
What are key features of this property?
This property features: NNN industrial building now just listed!; Located in Miami, FL.; Tenant is The Parts House (TPH).
