Allapattah Warehouse For
For Sale
Contact for pricing
3141 NW 40th St, Miami, FL
14,000 SF warehouse in West Allapattah with high ceilings.
Property Size13,875 SF
Lot Size0.39 Acres
Price / SF$184.50
Days on Market543
Property Features for 3141 NW 40th St
General Information
Standard status
Active
Size
13,875 SF
Lot size
0.39 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Rey Moya · License #SL3526550
(786) 970-0851
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Aug 11
Last Checked: Sep 11 at 8:27AM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This 14,000 square foot free-standing warehouse is located in West Allapattah. Constructed with CBS, the building features 20 to 22-foot high ceilings, providing ample storage volume. The warehouse includes three oversized grade-level doors, facilitating easy loading and unloading. The property is in excellent condition, suggesting it has been well-maintained and is ready for immediate use without significant repairs or renovations. This property presents an opportunity for both owner-operators and investors.
Key Highlights
- 14,000sf free standing warehouse in West Allapattah
- 20‑22’ high ceilings for ample storage volume
- 3 oversized grade level doors for easy loading and unloading
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$226,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,526,980
$4.5M
Cap Rate 7%
$3,233,557
$3.2M
Cap Rate 9%
$2,514,989
$2.5M
Market Conditions
NOI Build-Up for 13,875 SF
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.
Gross rent
$279.7K $20.16/SF
− Vacancy
−$13.4K −$0.97/SF
EGI
$266.3K $19.19/SF
− OpEx
−$39.9K −$2.88/SF
NOI
$226.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,526,980
Cap Rate 7%
$3,233,557
Cap Rate 9%
$2,514,989
Alternative Uses
Best Use
Warehouse
$3.23M
$2.83M – $3.77M
NOI $226,349 @ 7.0% cap · market cap 8.84%
Second Best
Industrial
$2.66M
$2.33M – $3.11M
NOI $186,405 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$9.37M
$8.20M – $10.93M
NOI $655,600 @ 7.0% cap · market cap 25.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 14,000 SF warehouse in West Allapattah with high ceilings.
Where is this warehouse located?
The property is located at 3141 NW 40th St Miami, FL.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: 14,000sf free standing warehouse in West Allapattah; 20‑22’ high ceilings for ample storage volume; 3 oversized grade level doors for easy loading and unloading
