Industrial Flex Space with
For Sale
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3500 NW 54th St # 5216, Miami, FL 33142
Adaptable commercial space combines warehouse functionality, office areas, and dedicated parking for a range of business operations.
Property Size62,480 SF
Price / SF$0.00
Days on Market49
Property Features for 3500 NW 54th St # 5216
General Information
Standard status
Active
Size
62,480 SF
Property subtype
Industrial
Additional Details
Clear Height
16 ft
Building Details
Building Size
62,480 SF
Year Built
1953
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Pablo Vignolo · License #3276129
(305) 303-3837
Source:
Batrare
Added: Sep 14
Changed: Oct 31
Last Checked: Oct 30 at 11:30PM
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 The Hype Real Estate Group Corp
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Investment Insights
Based on property information with market context.
This 5,454-square-foot flex property combines warehouse and office areas within a layout suited to varied commercial operations. The building offers 16-foot clear ceiling height and dedicated parking, supporting uses that require functional storage, handling, or work areas alongside administrative space.
The space may be cleared and prepared for an incoming occupant. Source-described applications include distribution, logistics, e-commerce, wholesale, contracting, storage, light manufacturing, and service-based business operations. Constructed in 1953, the property is located at 3500 NW 54th St Unit 5216 in Miami, Florida.
The space may be cleared and prepared for an incoming occupant. Source-described applications include distribution, logistics, e-commerce, wholesale, contracting, storage, light manufacturing, and service-based business operations. Constructed in 1953, the property is located at 3500 NW 54th St Unit 5216 in Miami, Florida.
Key Highlights
- 5,454 SF industrial flex space
- Warehouse and office areas in one layout
- 16' clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$839,395
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,787,900
$16.8M
Cap Rate 7%
$11,991,357
$12.0M
Cap Rate 9%
$9,326,611
$9.3M
Market Conditions
NOI Build-Up for 62,480 SF
Gross rent
$1.26M $20.16/SF
− Vacancy
−$60.5K −$0.97/SF
EGI
$1.20M $19.19/SF
− OpEx
−$359.7K −$5.76/SF
NOI
$839.4K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,787,900
Cap Rate 7%
$11,991,357
Cap Rate 9%
$9,326,611
Alternative Uses
Best Use
Warehouse
$14.56M
$12.74M – $16.99M
NOI $1,019,266 @ 7.0% cap · market cap 6,370,412.50%
Second Best
Flex RnD
$13.09M
$11.45M – $15.27M
NOI $916,207 @ 7.0% cap · market cap 5,726,293.75%
Theoretical Best
Specialty Retail
$42.17M
$36.90M – $49.20M
NOI $2,952,208 @ 7.0% cap · market cap 18,451,300.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Mobile Bar Miami — 751 SE Park Dr apt 203, Hialeah, FL 33010
- Bar Solution Services — 3745 NW 50th St Unit A, Miami, FL 33142
- Chef's Delights Catering — 3520 NW 50th St, Miami, FL 33142
- Licardo Hospitality — 7415 NW 54th St, Miami, FL 33142
- Lyon & Lyon — 5663 NW 35th Ct, Miami, FL 33142
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space combines warehouse functionality, office areas, and dedicated parking for a range of business operations.
Where is this flex space located?
The property is located at 3500 NW 54th St # 5216 Miami, FL.
What are key features of this property?
This property features: 5,454 SF industrial flex space; Warehouse and office areas in one layout; 16' clear ceiling height
