Industrial Warehouse with Loading
3904 NW 32nd Ave, Miami, FL 33142
For Sale
$2,460,000
The building can be configured as two units and includes three-phase power for flexible warehouse operations.
Property Size11,000 SF
Price / SF$225.17
Days on Market50
Property Features for 3904 NW 32nd Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Highway Access
Additional Details
Three-Phase Power
Building Details
Year Built
Building Size
Listing Agency:
APEX Capital Realty LLC
Listed By:
Jason Abitbol · License FL #3354200
(561) 542-3704
Source:
Chenoregroup
Added: Sep 24
Changed: Nov 11
Last Checked: Oct 7 at 2:16PM
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
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Investment Insights
Based on property information with market context.
This 10,925-square-foot warehouse was built in 1957 and has a layout that can be separated into two units. Three loading doors and three-phase power serve the industrial building, which also has a concrete roof described as being in good condition.
The property is just off Florida State Road 112 in Miami, Florida.
The property is just off Florida State Road 112 in Miami, Florida.
Key Highlights
- 10,925‑square‑foot warehouse building
- Three loading doors
- Three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,225
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,564,500
$3.6M
Cap Rate 7%
$2,546,071
$2.5M
Cap Rate 9%
$1,980,278
$2.0M
Market Conditions
NOI Build-Up for 10,925 SF
Gross rent
$220.2K $20.16/SF
− Vacancy
−$10.6K −$0.97/SF
EGI
$209.7K $19.19/SF
− OpEx
−$31.5K −$2.88/SF
NOI
$178.2K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,564,500
Cap Rate 7%
$2,546,071
Cap Rate 9%
$1,980,278
Alternative Uses
Best Use
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,225 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
Well-served
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
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - The building can be configured as two units and includes three-phase power for flexible warehouse 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 $2,460,000.
What are key features of this property?
This property features: 10,925‑square‑foot warehouse building; Three loading doors; Three‑phase power
