Allapattah Warehouse For
3141 NW 40th St, Miami, FL
For Sale
Contact for pricing
14,000 SF warehouse in West Allapattah with high ceilings.
Property Size13,875 SF
Lot Size0.39 Acres
Price / SF$184.50
Days on Market604
Property Features for 3141 NW 40th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Rey Moya · License FL SL3526550
(786) 970-0851
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 26
Last Checked: Nov 12 at 8:56AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$226,349
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
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
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 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 $655,600 @ 7.0% cap · market cap 25.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - 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
