Freestanding Industrial Flex
For Sale
$2,150,000
651 NW 106th Street, Miami, FL 33150
Freestanding industrial flex building with fenced yard and on-site parking on an infill site.
Property Size4,861 SF
Lot Size0.23 Acres
Price / SF$442.30
Days on Market92
Property Features for 651 NW 106th Street
General Information
Standard status
Active
Size
4,861 SF
Lot size
0.23 Acres
Property subtype
Industrial
Additional Details
Business Included
Yes
Fenced Yard
Yes
Building Details
Year Built
1964
Listing Agency:
Keller Williams Capital Realty
(305) 662-7325
Listed By:
Janelle Fernandez · License #3375339
(305) 812-2169
Source:
Lehmannflorida
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 7 at 1:12PM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
Freestanding industrial/flex building totaling approximately 4,861 SF on a 10,053 SF infill site, offered for sale with a fenced yard and on-site parking. The property is currently occupied by the same local business for roughly 50 years; the owner-occupant will vacate at closing, delivering the building vacant for immediate owner-user occupancy or investor lease-up. The established business is also available for purchase separately as a turnkey option.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,282
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,640
$1.4M
Cap Rate 7%
$1,018,314
$1.0M
Cap Rate 9%
$792,022
$792.0K
Market Conditions
NOI Build-Up for 4,861 SF
Gross rent
$116.7K $24.00/SF
− Vacancy
−$7.0K −$1.44/SF
EGI
$109.7K $22.56/SF
− OpEx
−$38.4K −$7.90/SF
NOI
$71.3K $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,640
Cap Rate 7%
$1,018,314
Cap Rate 9%
$792,022
Alternative Uses
Best Use
Flex RnD
$1.02M
$891.0K – $1.19M
NOI $71,282 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$932.9K
$816.3K – $1.09M
NOI $65,306 @ 7.0% cap · market cap 3.04%
Theoretical Best
Specialty Retail
$3.28M
$2.87M – $3.83M
NOI $229,684 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Meat The Veggies — Miami, FL 33147
- Cliff’s Restaurant & Catering — 10740 NW 7th Ave, Miami, FL 33168
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial flex building with fenced yard and on-site parking on an infill site.
Where is this flex space located?
The property is located at 651 NW 106th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 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
