Flex Space with Office and
For Sale
$780,000
3100 Milam Dairy Rd 112, Miami, FL 33122
Flexible commercial unit combining conditioned office areas, workshop space, and street-level warehouse loading.
Property Size2,472 SF
Price / SF$315.53
Days on Market48
Property Features for 3100 Milam Dairy Rd 112
General Information
Standard status
Active
Size
2,472 SF
Total Parking Spaces
3
Warehouse & Industrial
Clear Height
18 ft
Three-Phase Power
Yes
Building Details
Year Built
1982
Listing Agency:
Oquendo Level Realty LLC
Listed By:
Daniel Oquendo · License #A11972182
(786) 985-4959
Source:
Mymiahomes
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 5:39PM
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 Oquendo Level Realty LLC
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Investment Insights
Based on property information with market context.
Unit 112 at 3100 Milam Dairy Rd combines office, workshop, and warehouse functions within a 2,472-square-foot commercial layout. Approximately half of the space is configured as air-conditioned offices with a full kitchen, two bathrooms, and additional work areas. The balance provides warehouse storage with street-level loading access.
The property is located near Miami International Airport and includes three dedicated parking spaces. An 18-foot clear ceiling and 3-phase power support a range of operational requirements, including logistics, distribution, light manufacturing, and service-oriented business uses. Built in 1982, the unit offers a practical blend of finished workspace and industrial utility.
The property is located near Miami International Airport and includes three dedicated parking spaces. An 18-foot clear ceiling and 3-phase power support a range of operational requirements, including logistics, distribution, light manufacturing, and service-oriented business uses. Built in 1982, the unit offers a practical blend of finished workspace and industrial utility.
Key Highlights
- 2,472 SF flex unit with office, workshop, and warehouse areas
- Approximately half the unit is built out as air‑conditioned offices
- Warehouse portion includes street‑level loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,327
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,540
$806.5K
Cap Rate 7%
$576,100
$576.1K
Cap Rate 9%
$448,078
$448.1K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$49.8K $20.16/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$47.4K $19.19/SF
− OpEx
−$7.1K −$2.88/SF
NOI
$40.3K $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%
$806,540
Cap Rate 7%
$576,100
Cap Rate 9%
$448,078
Alternative Uses
Best Use
Warehouse
$576.1K
$504.1K – $672.1K
NOI $40,327 @ 7.0% cap · market cap 5.17%
Second Best
Flex RnD
$517.8K
$453.1K – $604.2K
NOI $36,249 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,803 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33122, FL
2,126
Population
901
Households
2.4
Avg Household Size
35
Median Age
62%
College-Educated
85%
High-School Grad
2.4 sq mi
ZIP Area
886
Density / Sq Mi
$83,152
Median Household Income
$50,984
Median Earnings
$2,437
Median Rent
$1,284,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Flying Food Group — 1650 NW 70th Ave, Miami, FL 33126
- NomarMex — 1775 NW 70th Ave, Miami, FL 33126
- Gate Gourmet — 1855 NW 70th Ave, Miami, FL 33126
- El Rey de la Paella — 2718 NW 72nd Ave, Miami, FL 33122
- This That & the Other Catering — 3201 NW 72nd Ave, Miami, FL 33122
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial unit combining conditioned office areas, workshop space, and street-level warehouse loading.
Where is this flex space located?
The property is located at 3100 Milam Dairy Rd 112 Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 2,472 SF flex unit with office, workshop, and warehouse areas; Approximately half the unit is built out as air‑conditioned offices; Warehouse portion includes street‑level loading
