Free-Standing Industrial
For Sale
Contact for pricing
6500 Nw 35th Ave, Miami, FL 33147
Industrial warehouse with street-level loading and heavy manufacturing zoning.
Property Size9,167 SF
Lot Size0.48 Acres
Price / SF$349.08
Days on Market130
Property Features for 6500 Nw 35th Ave
General Information
Standard status
Active
Size
9,167 SF
Lot size
0.48 Acres
Property subtype
INDUSTRIAL
Zoning
IU-2
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
9,167 SF
Building Details
Building Size
9,167 SF
Listing Agency:
King Industrial Realty, Inc.
Listed By:
Brian King · License #3028902
(305) 316-2167
Source:
Moodyscre
Added: May 11
Changed: Sep 17
Last Checked: Sep 16 at 5:45PM
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 King Industrial Realty, Inc.
Investment Insights
Based on property information with market context.
Free-standing industrial warehouse offering 9,167 SF of building footprint on a 20,906 SF lot. The property includes street-level loading and a 16’ clear ceiling height, supporting warehouse and industrial operations.
Zoned IU-2 Industrial - Heavy Mfg, the property is currently owner occupied and will be delivered vacant. Its freestanding configuration and loading access provide a functional setup for an industrial user.
Zoned IU-2 Industrial - Heavy Mfg, the property is currently owner occupied and will be delivered vacant. Its freestanding configuration and loading access provide a functional setup for an industrial user.
Key Highlights
- 9,167 SF warehouse footprint
- 20,906 SF lot
- Street‑level loading
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
$149,546
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
4.67%
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%
$2,990,920
$3.0M
Cap Rate 7%
$2,136,371
$2.1M
Cap Rate 9%
$1,661,622
$1.7M
Market Conditions
NOI Build-Up for 9,167 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
$184.8K $20.16/SF
− Vacancy
−$8.9K −$0.97/SF
EGI
$175.9K $19.19/SF
− OpEx
−$26.4K −$2.88/SF
NOI
$149.5K $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%
$2,990,920
Cap Rate 7%
$2,136,371
Cap Rate 9%
$1,661,622
Alternative Uses
Best Use
Warehouse
$2.14M
$1.87M – $2.49M
NOI $149,546 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.19M
$5.41M – $7.22M
NOI $433,145 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with street-level loading and heavy manufacturing zoning.
Where is this warehouse located?
The property is located at 6500 Nw 35th Ave Miami, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 9,167 SF warehouse footprint; 20,906 SF lot; Street‑level loading
