Two-Building Warehouse
For Sale
$7,000,000
5640-5646 NW 35 Court, Miami, FL 33147
Two connected warehouse buildings can operate independently and include dock loading, sewer, and three-phase power.
Property Size31,609 SF
Lot Size1.58 Acres
Price / SF$221.46
Days on Market86
Property Features for 5640-5646 NW 35 Court
General Information
Standard status
Active
Size
31,609 SF
Lot size
1.58 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
31,609 SF
Dock-High Doors
6
Power
2,400 amps
Three-Phase Power
Yes
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
31,609 SF
Year Built
1950
Buildings
2
Listing Agency:
SVN - Commercial Realty | Miami
Listed By:
Joel A. Kattan, SIOR · License #674519
(954) 448-8531
Source:
Svn
Added: Aug 8
Changed: Oct 25
Last Checked: Nov 1 at 3:20AM
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 SVN - Commercial Realty | Miami
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two warehouse buildings totaling approximately 31,609 SF on approximately 1.58 AC. The 5640 NW 35th CT building contains approximately 14,600 SF, while the 5646 NW 35th CT building contains approximately 17,009 SF. A breezeway with a loading dock connects the structures, while each building can function independently. The improvements date to 1950 and offer 14' clear height, three-phase electric service, and 2,400 Amps in total.
The offering includes a third folio containing an approximately 23,000 SF yard. Loading infrastructure consists of six dock doors, including one served by a concrete ramp and loading platform. The property is located at 5640-5646 NW 35 Court in Miami, Florida, and is connected to sewer.
The offering includes a third folio containing an approximately 23,000 SF yard. Loading infrastructure consists of six dock doors, including one served by a concrete ramp and loading platform. The property is located at 5640-5646 NW 35 Court in Miami, Florida, and is connected to sewer.
Key Highlights
- Two warehouse buildings total approximately 31,609 SF
- Approximately 1.58 AC across three folios, including an approximately 23,000 SF yard
- Separate buildings of approximately 14,600 SF and approximately 17,009 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$515,653
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,313,060
$10.3M
Cap Rate 7%
$7,366,471
$7.4M
Cap Rate 9%
$5,729,478
$5.7M
Market Conditions
NOI Build-Up for 31,609 SF
Gross rent
$637.2K $20.16/SF
− Vacancy
−$30.6K −$0.97/SF
EGI
$606.7K $19.19/SF
− OpEx
−$91.0K −$2.88/SF
NOI
$515.7K $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%
$10,313,060
Cap Rate 7%
$7,366,471
Cap Rate 9%
$5,729,478
Alternative Uses
Best Use
Warehouse
$7.37M
$6.45M – $8.59M
NOI $515,653 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.34M
$18.67M – $24.89M
NOI $1,493,539 @ 7.0% cap · market cap 21.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
6
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Warehouse - Two connected warehouse buildings can operate independently and include dock loading, sewer, and three-phase power.
Where is this warehouse located?
The property is located at 5640-5646 NW 35 Court Miami, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Two warehouse buildings total approximately 31,609 SF; Approximately 1.58 AC across three folios, including an approximately 23,000 SF yard; Separate buildings of approximately 14,600 SF and approximately 17,009 SF
