Flex Industrial Building with
For Sale
$10,800,000
3326 NW S River Dr, Miami, FL 33142
Commercial Sale, Miami, FL
Property Size12,406 SF
Lot Size0.73 Acres
Price / SF$870.55
Days on Market50
Property Features for 3326 NW S River Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6118
Lot features
Flood Zone
Subdivision
31
Standard status
Active
APN
30-31-28-009-0370
Lot size
0.73 Acres
Taxes and HOA fees
Tax Description
STREAMLAND GARDENS PB 17-27 LOTS 5 & 6 LESS NE10FT FOR RD BLK 2 B LOT SIZE 32000 SQUARE FEET OR 20253-1572 0302 1
Legal Description
STREAMLAND GARDENS PB 17-27 LOTS 5 & 6 LESS NE10FT FOR RD BLK 2 B LOT SIZE 32000 SQUARE FEET OR 20253-1572 0302 1
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
indoor automotive spray booth
Building Details
Year built
2008
Floors in Building
2
Number of units
1
Architectural style
Other
Listing Agency:
Fortune Christie's Intl R.E.
(305) 856-2600
Listed By:
Monica Hurtado · License #3298858
(786) 380-5318
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 7 at 2:06PM
MLS# A11998941
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex industrial property includes approximately 32,000 SF of land and a 12,406 SF building constructed in 2008. The site includes an existing building footprint, circulation, and yard functionality, with central air, public water, and public sewer. Full-site county layout plans are available.
The property is located along the Miami River corridor in Miami, with access to the airport, logistics corridors, marine infrastructure, and major transportation routes. Municipal records include prior sewer allocation, environmental review, fire and mechanical approvals, and hazardous-material workflow precedent. Historical approvals covered auto collision and body-shop operations with painting, as well as one indoor automotive spray booth. The property has also been associated with warehouse, logistics, contractor storage, flex industrial, showroom, and specialty service uses.
The property is located along the Miami River corridor in Miami, with access to the airport, logistics corridors, marine infrastructure, and major transportation routes. Municipal records include prior sewer allocation, environmental review, fire and mechanical approvals, and hazardous-material workflow precedent. Historical approvals covered auto collision and body-shop operations with painting, as well as one indoor automotive spray booth. The property has also been associated with warehouse, logistics, contractor storage, flex industrial, showroom, and specialty service uses.
Key Highlights
- Approximately 32,000 SF of land
- 12,406 SF existing building constructed in 2008
- Historical approvals for auto collision, body shop painting, and one indoor automotive spray booth
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
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,385 @ 7.0% cap · market cap 1.87%
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
593
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Existing improvements include central air, public utilities, and prior automotive approvals.
Where is this flex space located?
The property is located at 3326 NW S River Dr 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 SF of land; 12,406 SF existing building constructed in 2008; Historical approvals for auto collision, body shop painting, and one indoor automotive spray booth
