Industrial Building with Three Loading
3904 NW 32nd Ave Miami, FL 33142
New
3904 NW 32nd Ave, Miami, FL, 33142
$2,460,000
For Sale
$2,460,000
Industrial building off Florida State Road 112 with three loading doors, three-phase power, and a roof in good condition.
Property Size10,925 SF
Price / SF$225.17
Days on Market2
Property Features for 3904 NW 32nd Ave
General Information
- Standard status
- Active
- Size
- 10,925 SF
Building Details
- Year Built
- 1957
Listing agency
APEX Capital Realty LLC
(863) 440-2387
Listed by
Jason Abitbol · License #3354200
Source
Mymiahomes
Added: Jul 20 Updated: Jul 21 at 2:26AM Checked: Jul 21 at 2:26AM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
3904 NW 32nd Ave is an approximately 11,000 SF industrial facility designed for practical warehouse, distribution, manufacturing, and service-oriented use. The building includes three loading doors and three-phase power, supported by a durable concrete roof that is reported in good condition. Its flexible layout allows the space to be divided into two separate units, providing options for single-tenant occupancy or leasing a portion.
The property is conveniently located just off Florida State Road 112, offering accessibility to major transportation corridors.
Available for sale, the asset can be used by an owner-occupant or configured to support multiple occupancy scenarios through its two-unit potential.
The property is conveniently located just off Florida State Road 112, offering accessibility to major transportation corridors.
Available for sale, the asset can be used by an owner-occupant or configured to support multiple occupancy scenarios through its two-unit potential.
Key Highlights
- 11,000 SF industrial building off Florida State Road 112 with flexible layout for multiple uses
- Three loading doors for efficient loading and distribution operations
- Three‑phase power available for industrial and manufacturing equipment
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 7.24%
Second Best
Industrial
$2.10M
$1.83M – $2.45M
NOI $146,773 @ 7.0% cap · market cap 5.97%
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $516,211 @ 7.0% cap · market cap 20.98%
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 - Industrial building off Florida State Road 112 with three loading doors, three-phase power, and a roof in good condition.
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 $2,460,000.
What are key features of this property?
This property features: 11,000 SF industrial building off Florida State Road 112 with flexible layout for multiple uses; Three loading doors for efficient loading and distribution operations; Three‑phase power available for industrial and manufacturing equipment
