Two-Building Warehouse
5646 Northwest 35th Court, Miami, FL 33142
For Sale
Contact for pricing
Two-building warehouse property with yard space, dock loading, and M-2 zoning.
Property Size31,609 SF
Price / SF$221.46
Days on Market101
Property Features for 5646 Northwest 35th Court
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Buildings
Listing Agency:
SVN Commercial Realty
Listed By:
Joel Kattan, SIOR · License FL #674519
(954) 448-8531
Source:
Crexi
Added: Aug 4
Changed: Nov 3
Last Checked: Nov 12 at 7:37AM
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
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Investment Insights
Based on property information with market context.
This warehouse property comprises two buildings totaling ±31,609 SF. Building 5640 contains ±14,600 SF, while Building 5646 provides ±17,009 SF. The improvements include 14' clear height, three-phase electric service with 2,400 amps total, and six dock doors. One dock is equipped with a concrete ramp and loading platform.
The property encompasses ±1.58 AC at 5646 Northwest 35th Court in Miami, Florida. M-2 zoning supports its industrial classification, and the site is connected to sewer. A yard area is also identified with the warehouse offering, adding outdoor space to the two-building configuration.
The property encompasses ±1.58 AC at 5646 Northwest 35th Court in Miami, Florida. M-2 zoning supports its industrial classification, and the site is connected to sewer. A yard area is also identified with the warehouse offering, adding outdoor space to the two-building configuration.
Key Highlights
- ±31,609 SF across two warehouse buildings
- ±1.58 AC site at 5646 Northwest 35th Court
- ±14,600 SF building at 5640 and ±17,009 SF building at 5646
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
Industrial
$6.07M
$5.31M – $7.08M
NOI $424,655 @ 7.0% cap · market cap 6.07%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,489
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
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- GRM Information Management — 4495 NW 37th Ave, Miami, FL 33142
- Hialeah Multi-Bay Warehouse Park — SE 10th Ave, Hialeah, FL 33010
- Prime Storage — 1000 Hialeah Dr, Hialeah, FL 33010
- Self Storage Near 33142, FL — 3621 NW 54th St, Miami, FL 33142
- Self Storage — 3621 nw 54th st, miami, fl 33142
Frequently Asked Questions
What type of property is this?
Warehouse - Two-building warehouse property with yard space, dock loading, and M-2 zoning.
Where is this warehouse located?
The property is located at 5646 Northwest 35th 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: ±31,609 SF across two warehouse buildings; ±1.58 AC site at 5646 Northwest 35th Court; ±14,600 SF building at 5640 and ±17,009 SF building at 5646
