Flex Space with Grade-Level
3115 NW 54th St, Miami, FL 33142
For Sale
New
$1,690,000
Climate control, paved parking and a fenced storage yard support a range of business operations.
Property Size4,140 SF
Days on Market2
Property Features for 3115 NW 54th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Drive-In Doors
Conditioned Warehouse
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
STL Commercial
Listed By:
Alexandros Tsoulfas · License #3444839
(305) 972-7217
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:43PM
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 STL Commercial
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Investment Insights
Based on property information with market context.
This flex property at 3115 NW 54th St features a climate-controlled interior, polished concrete floors and three grade-level doors: two facing the front parking area and one at the rear. The roof carries a transferable 20-year warranty. Site improvements include asphalt parking, ADA-compliant access and a secure yard for storage. A three-phase electrical panel is in place and could be configured for use. The building was constructed in 1951.
The property fronts 54th Street, a corridor with an average daily traffic count of 22,500 vehicles. Miami International Airport is less than 4 miles away and within a 10-minute drive; SR-112 is 1 mile away and within 5 minutes. I-95 is less than 10 minutes away, while the Design District and Wynwood are within 15 minutes. BU-3 zoning permits a variety of uses.
The property fronts 54th Street, a corridor with an average daily traffic count of 22,500 vehicles. Miami International Airport is less than 4 miles away and within a 10-minute drive; SR-112 is 1 mile away and within 5 minutes. I-95 is less than 10 minutes away, while the Design District and Wynwood are within 15 minutes. BU-3 zoning permits a variety of uses.
Key Highlights
- Three grade‑level doors: two at the front and one at the rear
- Climate‑controlled interior with polished concrete floors
- Roof has a transferable 20‑year warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,709
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,180
$1.2M
Cap Rate 7%
$867,271
$867.3K
Cap Rate 9%
$674,544
$674.5K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$99.4K $24.00/SF
− Vacancy
−$6.0K −$1.44/SF
EGI
$93.4K $22.56/SF
− OpEx
−$32.7K −$7.90/SF
NOI
$60.7K $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,214,180
Cap Rate 7%
$867,271
Cap Rate 9%
$674,544
Alternative Uses
Best Use
Flex RnD
$867.3K
$758.9K – $1.01M
NOI $60,709 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$794.6K
$695.2K – $927.0K
NOI $55,619 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$2.79M
$2.45M – $3.26M
NOI $195,617 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Balanced
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
$298,000
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Bar Solution Services — 3745 NW 50th St Unit A, Miami, FL 33142
- Chef's Delights Catering — 3520 NW 50th St, Miami, FL 33142
- Licardo Hospitality — 7415 NW 54th St, Miami, FL 33142
- Lyon & Lyon — 5663 NW 35th Ct, Miami, FL 33142
Frequently Asked Questions
What type of property is this?
Flex space - Climate control, paved parking and a fenced storage yard support a range of business operations.
Where is this flex space located?
The property is located at 3115 NW 54th St Miami, FL.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Three grade‑level doors: two at the front and one at the rear; Climate‑controlled interior with polished concrete floors; Roof has a transferable 20‑year warranty
