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Flex Warehouse with Office
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4709 SW 74th Ave, Miami, FL 33155

Built-out flex space combines office and warehouse area for light industrial tenants with available parking.

Property Size2,775 SF
Price / SF$2.52
Days on Market140

Property Features for 4709 SW 74th Ave

General Information

Standard status Active
Size 2,775 SF
Total Parking Spaces 7
Property subtype Commercial

Building Details

Building Size 2,775 SF
Year Built 1982
Tenancy Multi
Listing Agency: United Realty Group Inc
Listed By: Jessica Ferra Rodriguez · License #3463858
Source: Elliman
Added: Jun 4 Changed: Oct 20 Last Checked: Oct 20 at 9:36PM

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 United Realty Group Inc

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Investment Insights

Based on property information with market context.

This offering includes two flex/warehouse units (4705–4709) totaling 2,775 square feet. The configuration blends office and warehouse space, with 1,950 square feet dedicated to office use and 825 square feet dedicated to warehouse area. The space is fully built-out and described as being in excellent condition.

The property is located at 4709 SW 74th Ave in Miami, Florida, and includes 7 parking spaces for tenant and visitor use. Public transit access is noted as a transit score of 30, with bikeScore of 59 and walkScore of 57, indicating a moderate level of day-to-day mobility by non-driving options.

Designed to support a mix of administrative and operational needs, this flex warehouse layout can work well for light industrial uses that require dedicated office space along with on-site warehouse functionality. With the space already built out, tenants or owner-users can focus on occupancy and operations rather than initial improvements. The two-unit structure may also appeal to an operator looking for flexibility within the same overall facility.

Key Highlights

  • 1982‑built two‑unit flex property totaling 2,775 SF
  • 1,950 SF office space plus 825 SF warehouse space
  • Flex layout with office and warehouse area for light industrial use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$37,281
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,620 $745.6K
Cap Rate 7%
$532,586 $532.6K
Cap Rate 9%
$414,233 $414.2K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$55.9K $20.16/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$53.3K $19.19/SF
− OpEx
−$16.0K −$5.76/SF
NOI
$37.3K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,620
Cap Rate 7%
$532,586
Cap Rate 9%
$414,233

Alternative Uses

Best Use
Office B
$1.14M
$995.1K – $1.33M (±1% cap)
NOI $79,608 @ 7.0% cap · market cap 1,137.26%
Second Best
Warehouse
$646.7K
$565.9K – $754.5K (±1% cap)
NOI $45,270 @ 7.0% cap · market cap 646.71%
Theoretical Best
Specialty Retail
$1.87M
$1.64M – $2.19M (±1% cap)
NOI $131,120 @ 7.0% cap · market cap 1,873.14%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Parking Lot & Garage Hotel & Motel (Bike/Boat/Book/etc) Store Tanning 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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,166
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Miami, FL

12.4% 2019
16.3% 2020
17% 2021
16.1% 2022
15% 2023
16.1% 2024
15.2% 2025

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 - Built-out flex space combines office and warehouse area for light industrial tenants with available parking.
Where is this flex space located?
The property is located at 4709 SW 74th Ave Miami, FL.
What are key features of this property?
This property features: 1982‑built two‑unit flex property totaling 2,775 SF; 1,950 SF office space plus 825 SF warehouse space; Flex layout with office and warehouse area for light industrial use
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