Warehouse Condo with Office
For Sale
Contact for pricing
4334 SW 73rd Ave, Miami, FL 33155
Large, fully sprinklered warehouse with both street-level and dock-high bay doors plus an attached upscale office area.
Property Size27,000 SF
Price / SF$315
Days on Market60
Property Features for 4334 SW 73rd Ave
General Information
Standard status
Active
Size
27,000 SF
Class
A
Property subtype
Industrial
Listing Agency:
Maddux & Company
Listed By:
Jesse Cox · License #3342867
Source:
Crexi
Added: Jul 8
Changed: Sep 3
Last Checked: Aug 31 at 1:00AM
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 Maddux & Company
Investment Insights
Based on property information with market context.
This for-sale warehouse condo offers approximately 27,000 +/- square feet of large, open, fully sprinklered warehouse space, along with about 15% upscale office area. The configuration includes both street-level and dock-high bay doors to support flexible loading and receiving needs.
Located in the Bird Road Arts District at 4334 SW 73rd Ave in Miami, the property is positioned as the largest warehouse condo unit within the district, per the seller’s remarks.
The building is designed around a straightforward warehouse layout with direct access through the two door types, complemented by office space for onsite coordination.
Located in the Bird Road Arts District at 4334 SW 73rd Ave in Miami, the property is positioned as the largest warehouse condo unit within the district, per the seller’s remarks.
The building is designed around a straightforward warehouse layout with direct access through the two door types, complemented by office space for onsite coordination.
Key Highlights
- 27,000+/- SF warehouse with 15% upscale office in the Bird Road Arts District
- Largest warehouse condo unit in the Bird Rd art district
- Large open, fully sprinklered warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$440,464
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,809,280
$8.8M
Cap Rate 7%
$6,292,343
$6.3M
Cap Rate 9%
$4,894,044
$4.9M
Market Conditions
NOI Build-Up for 27,000 SF
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.
Gross rent
$544.3K $20.16/SF
− Vacancy
−$26.1K −$0.97/SF
EGI
$518.2K $19.19/SF
− OpEx
−$77.7K −$2.88/SF
NOI
$440.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,809,280
Cap Rate 7%
$6,292,343
Cap Rate 9%
$4,894,044
Alternative Uses
Best Use
Warehouse
$6.29M
$5.51M – $7.34M
NOI $440,464 @ 7.0% cap · market cap 5.18%
Second Best
Flex RnD
$5.66M
$4.95M – $6.60M
NOI $395,928 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$18.23M
$15.95M – $21.26M
NOI $1,275,762 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,025
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Juniors Catering of Miami — 7370 SW 48th St, Miami, FL 33155
- Billy G Catering — 4631 SW 75th Ave, Miami, FL 33155
- il Cucchiaio Professional Catering & Events Production — 4519 SW 75th Ave, Miami, FL 33155
- The Lazy Oyster — 4631 SW 75th Ave, Miami, FL 33155
- Le Basque the Caterers — 4652 SW 74th Ave, Miami, FL 33155
Frequently Asked Questions
What type of property is this?
Flex space - Large, fully sprinklered warehouse with both street-level and dock-high bay doors plus an attached upscale office area.
Where is this flex space located?
The property is located at 4334 SW 73rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $8,505,000.
What are key features of this property?
This property features: 27,000+/- SF warehouse with 15% upscale office in the Bird Road Arts District; Largest warehouse condo unit in the Bird Rd art district; Large open, fully sprinklered warehouse space
