651 NW 106th St Miami, FL 33150
Freestanding industrial flex building with fenced yard and on-site parking on an infill site.
Property Features for 651 NW 106th St
General Information
- Standard status
- Active
- Size
- 4,861 SF
- Lot size
- 0.23 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing office 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty (305) 343-9318
Listing date Jul 14, 2026
Source Elliman
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 1426 Real Estate LLC D/B/A Keller Williams Coral Gables Realty
Investment Insights
Based on property information with market context.
Located at 651 NW 106th St in Miami, the property is positioned on the NW 7th Avenue corridor with access to major regional routes including I-95, SR-112, and Miami International Airport, as well as the urban core for last-mile connectivity.
This offering is SBA-eligible for qualified owner-users, and the current configuration includes a substantial land component as part of the infill industrial opportunity.
Key Highlights
- Free‑standing industrial/flex building built in 1964 offering 4,861 SF on a 10,053 SF infill site
- Fenced yard plus on‑site parking
- Owner‑occupant will vacate at closing, delivering the building free for immediate owner‑user occupancy or lease‑up
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.0k | $20.16 |
| − Vacancy | −$4.7k | −$0.97 |
| EGI | $93.3k | $19.19 |
| − OpEx | −$14.0k | −$2.88 |
| NOI | $79.3k | $16.31 |
Alternative Uses
Property Analytics
Current Use by Public Records
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