Miami Industrial Building For
3035 NW 40TH ST Miami, FL 33142
3035 NW 40TH ST, Miami, FL, 33142
Contact for pricing
For Sale
Contact for pricing
Industrial building available for purchase in Miami, Florida.
Property Size10,500 SF
Price / SF$295.24
Days on Market72
Property Features for 3035 NW 40TH ST
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1966
Listing agency
Marcus & Millichap
Listed by
Kirk D. Olson · License #FL 3113669
Source
Crexi
Added: May 11 Updated: Jul 10 at 1:35PM Checked: Jul 20 at 2:06AM
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 Marcus & Millichap
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).
Local Financial Insights For Industrial
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 | $211.7k | $20.16 |
| − Vacancy | −$10.2k | −$0.97 |
| EGI | $201.5k | $19.19 |
| − OpEx | −$60.5k | −$5.76 |
| NOI | $141.1k | $13.43 |
10,500 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.02M
$1.76M – $2.35M
NOI $141,064 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.09M
$6.20M – $8.27M
NOI $496,130 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cold Air Distributors
Auto Parts Store
Similar For Sale Nearby
FAQs
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 $3,100,000.
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).
