4201 NW 37th Ave # A Unit 4237-A, Miami, FL 33142

Building Details

Building Size 104,075 SF More

Year Built 1974 More

Listing Agency: The Hype Real Estate Group Corp

Listed By: Pablo Vignolo · License FL #3276129 Show Phone

Source: Emporiore

Added: Dec 16, 2024 Changed: Nov 7 Last Checked: Nov 12 at 8:25AM

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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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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This warehouse unit provides 3,300 square feet of space with high ceilings and a practical layout. It may be used on its own or combined with unit 4237-B, bringing the combined area to 6,600 square feet.

The property is minutes from Miami International Airport and major expressways, offering access to regional transportation routes.

Key Highlights

• 3,300 SF warehouse unit with high ceilings
• Can be combined with unit 4237‑B for 6,600 SF total
• Minutes from Miami International Airport and major expressways

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,697,825

Suggested Prices Based on Cap Rates

Cap Rate 5%

$33,956,500 $34.0M

Cap Rate 7%

$24,254,643 $24.3M

Cap Rate 9%

$18,864,722 $18.9M

What to ask about pricing

Market Conditions

NOI Build-Up for 104,075 SF

Gross rent

$2.10M $20.16/SF

− Vacancy

−$100.7K −$0.97/SF

EGI

$2.00M $19.19/SF

− OpEx

−$299.6K −$2.88/SF

NOI

$1.70M $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%

$33,956,500

Cap Rate 7%

$24,254,643

Cap Rate 9%

$18,864,722

Alternative Uses

Best Use

Warehouse

$24.25M

$21.22M – $28.30M (±1% cap)

NOI $1,697,825 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$70.25M

$61.47M – $81.96M (±1% cap)

NOI $4,917,591 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,320

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

Market

Average Price Trend$/SF for Warehouses in Miami, FL

$316 Jul

$325 Aug

$300 Sep

$306 Oct

Properties on Market for Warehouses in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - The warehouse space can operate independently or be combined with an adjoining unit for a larger footprint.

Where is this warehouse located?

The property is located at 4201 NW 37th Ave # A Unit 4237-A Miami, FL.

What are key features of this property?

This property features: 3,300 SF warehouse unit with high ceilings; Can be combined with unit 4237‑B for 6,600 SF total; Minutes from Miami International Airport and major expressways