Industrial Warehouse with Garage
For Sale
Contact for pricing
500 W Flagler St, Miami, FL 33130
Flexible industrial space offers tall ceilings, vehicle access, and an on-site office for business operations.
Property Size7,000 SF
Days on Market80
Property Features for 500 W Flagler St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Building Size
7,000 SF
Year Built
1925
Stories
1
Listing Agency:
Douglas Elliman
Listed By:
Brandon Sors · License #SL3615541
(305) 904-0974
Source:
Elliman
Added: Aug 2
Changed: Oct 14
Last Checked: Oct 19 at 8:05AM
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 Douglas Elliman
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Investment Insights
Based on property information with market context.
This 7,000 SF warehouse, constructed in 1925, provides an industrial layout with high ceilings, two street-level garage doors, a private office, and four separate rest rooms. The configuration accommodates vehicle entry, loading activity, storage, distribution, and mechanic or other industrial operations.
The property is at 500 W Flagler St in Miami, within the Downtown Brickell and Miami River area. Access to I-95, Miami International Airport, and the Port of Miami places major transportation facilities within convenient reach for logistics-oriented users.
The property is at 500 W Flagler St in Miami, within the Downtown Brickell and Miami River area. Access to I-95, Miami International Airport, and the Port of Miami places major transportation facilities within convenient reach for logistics-oriented users.
Key Highlights
- 7,000 SF industrial warehouse at 500 W Flagler St
- Two street‑level garage doors support vehicle entry and loading
- High‑ceiling warehouse configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,042
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,840
$1.9M
Cap Rate 7%
$1,343,457
$1.3M
Cap Rate 9%
$1,044,911
$1.0M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$141.1K $20.16/SF
− Vacancy
−$6.8K −$0.97/SF
EGI
$134.3K $19.19/SF
− OpEx
−$40.3K −$5.76/SF
NOI
$94.0K $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%
$1,880,840
Cap Rate 7%
$1,343,457
Cap Rate 9%
$1,044,911
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,194 @ 7.0% cap · market cap 815.67%
Second Best
Flex RnD
$1.47M
$1.28M – $1.71M
NOI $102,648 @ 7.0% cap · market cap 733.20%
Theoretical Best
Specialty Retail
$4.73M
$4.13M – $5.51M
NOI $330,753 @ 7.0% cap · market cap 2,362.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,578
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
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- Ranges Storage Units — 1015s S Miami Ave, Miami, FL 33130
- Max Self Storage Units — 1001 S Miami Ave, Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial space offers tall ceilings, vehicle access, and an on-site office for business operations.
Where is this warehouse located?
The property is located at 500 W Flagler St Miami, FL.
What are key features of this property?
This property features: 7,000 SF industrial warehouse at 500 W Flagler St; Two street‑level garage doors support vehicle entry and loading; High‑ceiling warehouse configuration
