Warehouse with Roll-Up Loading
3035 NW 40th Street, Miami, FL 33142
For Sale
$3,290,000
Pending
Warehouse with roll-up loading doors and a large open floor plan, currently leased through March 2025.
Property Size10,500 SF
Days on Market312
Property Features for 3035 NW 40th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Warehouse Space
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Harbor Realty Inv. Corp
Listed By:
John R Olsen · License FL #0561992
(305) 438-4100
Source:
Silverleafrealtygroup
Added: Jan 5
Changed: Nov 1
Last Checked: Nov 12 at 2:16PM
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 warehouse offers approximately 10,000 SF of enclosed industrial space with high ceilings and a large open floor plan. Loading and unloading are supported by roll-up doors, with additional space designed for storage, distribution, or light manufacturing. The building was constructed in 1966.
The property is located in Miami’s industrial district and provides accessibility to major highways, Miami International Airport, and the Port of Miami. The site is currently leased through March 2025.
For tenants and operators seeking practical warehouse space in a connectivity-focused area, the combination of open interior layout, high ceilings, and roll-up loading access supports a range of industrial uses, including storage and distribution.
The property is located in Miami’s industrial district and provides accessibility to major highways, Miami International Airport, and the Port of Miami. The site is currently leased through March 2025.
For tenants and operators seeking practical warehouse space in a connectivity-focused area, the combination of open interior layout, high ceilings, and roll-up loading access supports a range of industrial uses, including storage and distribution.
Key Highlights
- Approximately 10,000 SF warehouse with a large open floor plan
- Roll‑up doors for loading and unloading
- High ceilings throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,135
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,262,700
$3.3M
Cap Rate 7%
$2,330,500
$2.3M
Cap Rate 9%
$1,812,611
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$201.6K $20.16/SF
− Vacancy
−$9.7K −$0.97/SF
EGI
$191.9K $19.19/SF
− OpEx
−$28.8K −$2.88/SF
NOI
$163.1K $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%
$3,262,700
Cap Rate 7%
$2,330,500
Cap Rate 9%
$1,812,611
Alternative Uses
Best Use
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,135 @ 7.0% cap · market cap 4.96%
Second Best
Industrial
$1.92M
$1.68M – $2.24M
NOI $134,346 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$6.75M
$5.91M – $7.88M
NOI $472,505 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Well-served
Demand for This Use
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
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with roll-up loading doors and a large open floor plan, currently leased through March 2025.
Where is this warehouse located?
The property is located at 3035 NW 40th Street 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: Approximately 10,000 SF warehouse with a large open floor plan; Roll‑up doors for loading and unloading; High ceilings throughout
