Grade-Level Loading
3904 NW 32nd Ave Miami, FL 33142
3904 NW 32nd Ave, Miami, FL, 33142
$2,650,000
For Sale
$2,650,000
Centrally located 10,925 SF warehouse with three grade-level loading doors and an open, flexible layout for logistics operations.
Property Size10,925 SF
Price / SF$242.56
Days on Market89
Property Features for 3904 NW 32nd Ave
General Information
- Standard status
- Active
- Size
- 10,925 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1957
Listing agency
The Hype Real Estate Group Corp
(305) 303-3837
Listed by
Pablo Vignolo · License #A11962527
(305) 303-3837
Source
Elliman
Added: Apr 24 Updated: Jul 20 at 5:42PM Checked: Jul 21 at 6:10AM
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
Investment Insights
Based on property information with market context.
This centrally located warehouse offers 10,925 SF of clean, open space suited to efficient day-to-day operations. The property includes three grade-level loading doors, supporting straightforward loading and unloading. The layout is described as flexible, accommodating a range of uses including storage and distribution, as well as light manufacturing.
The warehouse is positioned in Miami’s NW industrial corridor with convenient connectivity to major transportation routes. It also lists proximity to Miami International Airport. BikeScore is 47 and walkScore is 64, with transitScore at 44.
Overall, the building presents a practical industrial configuration for tenants or buyers seeking a warehouse with multiple grade-level doors and adaptable interior space.
The warehouse is positioned in Miami’s NW industrial corridor with convenient connectivity to major transportation routes. It also lists proximity to Miami International Airport. BikeScore is 47 and walkScore is 64, with transitScore at 44.
Overall, the building presents a practical industrial configuration for tenants or buyers seeking a warehouse with multiple grade-level doors and adaptable interior space.
Key Highlights
- 10,925 SF warehouse with a clean, open layout designed for efficient operations
- Features 3 grade‑level loading doors
- Flexible configuration suitable for storage and distribution or light manufacturing
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 | $220.2k | $20.16 |
| − Vacancy | −$10.6k | −$0.97 |
| EGI | $209.7k | $19.19 |
| − OpEx | −$31.5k | −$2.88 |
| NOI | $178.2k | $16.31 |
10,925 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,225 @ 7.0% cap · market cap 6.73%
Second Best
Industrial
$2.10M
$1.83M – $2.45M
NOI $146,773 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $516,211 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
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FAQs
What type of property is this?
Warehouse - Centrally located 10,925 SF warehouse with three grade-level loading doors and an open, flexible layout for logistics operations.
Where is this warehouse located?
The property is located at 3904 NW 32nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 10,925 SF warehouse with a clean, open layout designed for efficient operations; Features 3 grade‑level loading doors; Flexible configuration suitable for storage and distribution or light manufacturing
