Improved Industrial
For Sale
$10,800,000
3326 S River Drive, Miami, FL 33142
Industrial site with an existing building, operational yard, and circulation for automotive and marine-related operations.
Property Size12,406 SF
Days on Market191
Property Features for 3326 S River Drive
General Information
Standard status
Active
Size
12,406 SF
Property subtype
Mixed Use
Building Details
Building Size
12,406 SF
Year Built
1966
Listing Agency:
Fortune Christie's Intl R.E.
Listed By:
Monica Hurtado · License #3298858
(786) 380-5318
Source:
Silverleafrealtygroup
Added: Apr 10
Changed: Oct 12
Last Checked: Oct 16 at 2:23PM
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 Fortune Christie's Intl R.E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial land parcel includes approximately 32,000 square feet of land and an existing industrial structure totaling approximately 12,406 square feet. The improvements provide building space, an operational yard, and established circulation, with the site currently used for automotive and marine-related commercial operations.
The property is positioned within Miami’s South River industrial corridor at 3326 NW S River Dr. Surrounding uses identified in the property information include logistics operators, contractors, automotive and marine businesses, and institutional warehouse facilities. The site’s zoning designation is identified as Urban Center – Center, with the property information describing support for automotive service, marine service and logistics, contractor operations, industrial services, logistics support, and flex industrial redevelopment.
The property is positioned within Miami’s South River industrial corridor at 3326 NW S River Dr. Surrounding uses identified in the property information include logistics operators, contractors, automotive and marine businesses, and institutional warehouse facilities. The site’s zoning designation is identified as Urban Center – Center, with the property information describing support for automotive service, marine service and logistics, contractor operations, industrial services, logistics support, and flex industrial redevelopment.
Key Highlights
- Approximately 32,000 square feet of industrial land
- Existing industrial structure totals approximately 12,406 square feet
- Operational yard and established site circulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$404,754
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,095,080
$8.1M
Cap Rate 7%
$5,782,200
$5.8M
Cap Rate 9%
$4,497,267
$4.5M
Market Conditions
NOI Build-Up for 12,406 SF
Gross rent
$644.6K $51.96/SF
− Vacancy
−$66.4K −$5.35/SF
EGI
$578.2K $46.61/SF
− OpEx
−$173.5K −$13.98/SF
NOI
$404.8K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,095,080
Cap Rate 7%
$5,782,200
Cap Rate 9%
$4,497,267
Alternative Uses
Best Use
Retail
$5.78M
$5.06M – $6.75M
NOI $404,754 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$2.38M
$2.08M – $2.78M
NOI $166,670 @ 7.0% cap · market cap 1.54%
Theoretical Best
Specialty Retail
$8.37M
$7.33M – $9.77M
NOI $586,189 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Industrial land - Industrial site with an existing building, operational yard, and circulation for automotive and marine-related operations.
Where is this industrial land located?
The property is located at 3326 S River Drive Miami, FL.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: Approximately 32,000 square feet of industrial land; Existing industrial structure totals approximately 12,406 square feet; Operational yard and established site circulation
