3241 NW 38th St, Miami, FL 33142
Renovated, vacant industrial building offered for sale in Miami, ready for an end-user or investor to step in.
- Added:
- Jun 1, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 3 at 1:58 am
Property Features for 3241 NW 38th St
General Information
- Standard status
- Active
- Size
- 8,060 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1956
Listing agent Drew A. Kristol License #License(s): FL: SL3118648 (786) 522-7065
Listing office Marcus & Millichap | Miami (786) 522-7065
Listing date Jun 1, 2026
Source Marcusmillichap
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 Marcus & Millichap | Miami
HighLights
- Renovated vacant industrial building offered for sale in Miami, Florida
- Year built: 1956
Overview
The building is located at 3241 NW 38th St in Miami, providing an established industrial setting for buyers looking to own an improved warehouse asset within the city.
Because the space is currently vacant and renovated, this offering can appeal to industrial end-users seeking an updated base of operations, as well as investors looking for an industrial property that is positioned for leasing with fewer upfront concerns tied to occupancy. Whether your goal is to secure tenants quickly or plan a measured buildout after acquisition, the property’s improved condition and warehouse configuration provide a practical starting point for an industrial ownership strategy.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.5k | $20.16 |
| − Vacancy | −$7.8k | −$0.97 |
| EGI | $154.7k | $19.19 |
| − OpEx | −$23.2k | −$2.88 |
| NOI | $131.5k | $16.31 |
Alternative Uses
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.249597
- Latitude
- 25.810505
