Building Details

Building Size 3,145 SF

Year Built 1973

Listing Agency: United Realty Group Inc

Listed By: Shevaun Gandy · License #3097141 Show Phone

Source: Elliman

Added: Mar 11 Changed: Sep 30 Last Checked: Oct 12 at 9:43PM

Report an Issue

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 United Realty Group Inc

Investment Insights

Based on property information with market context.

This free-standing distribution center is located in North Miami Beach's industrial/retail corridor, offering convenient access to the Golden Glades Interchange. The property features a 6750 square foot lot, providing ample space for fleet and delivery vehicles. The 3145 square foot building is suitable for distribution and storage, boasting 18-foot ceilings and an 800 square foot mezzanine. It includes 2 AC units, 2 bathrooms, updated electrical systems, a newer exterior fence, and 11 private parking spaces. The property is maintained to a high standard and presents a low-maintenance asset, making it attractive to investors. It is suitable for an owner/user, investment purposes, or as a corporate headquarters. The property can be used as a single-tenant or multi-tenant space by adding a dividing wall. Furthermore, the property has the potential to develop up to a 5-story office building.

Key Highlights

• Free‑standing distribution center in North Miami Beach with easy access to Golden Glades Interchange.
• Development potential for up to 5‑story office building.
• 3,145 sqft distribution space with 18 ft ceilings and 800 sqft mezzanine.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,306

Cap Rate

3.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,026,120 $1.0M

Cap Rate 7%

$732,943 $732.9K

Cap Rate 9%

$570,067 $570.1K

Market Conditions

NOI Build-Up for 3,145 SF

Gross rent

$63.4K $20.16/SF

− Vacancy

−$3.0K −$0.97/SF

EGI

$60.4K $19.19/SF

− OpEx

−$9.1K −$2.88/SF

NOI

$51.3K $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%

$1,026,120

Cap Rate 7%

$732,943

Cap Rate 9%

$570,067

Alternative Uses

Best Use

Warehouse

$732.9K

$641.3K – $855.1K (±1% cap)

NOI $51,306 @ 7.0% cap · market cap 3.42%

Second Best

Industrial

$603.6K

$528.2K – $704.2K (±1% cap)

NOI $42,252 @ 7.0% cap · market cap 2.82%

Theoretical Best

Specialty Retail

$2.12M

$1.86M – $2.48M (±1% cap)

NOI $148,603 @ 7.0% cap · market cap 9.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Romanis Charles Church

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Plumbing Service Locksmith Tanning Salon Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,868

Businesses Nearby

Explore this area Business Placement

Demographics for 33169, FL

42,308

Population

14,815

Households

2.9

Avg Household Size

37

Median Age

22%

College-Educated

85%

High-School Grad

6.8 sq mi

ZIP Area

6,222

Density / Sq Mi

$59,686

Median Household Income

$34,327

Median Earnings

$1,536

Median Rent

$352,800

Median Home Value

Market

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this distribution centers located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Flex Space with Office and Warehouse

3100 Milam Dairy Rd 112, Miami, FL 33122

$780,000

2,472 SF

View details

Flex Space with Office Buildout

7311 NW 12th St 20, Miami, FL 33126

$695,000

2,226 SF

View details

Agricultural Distribution Warehouse

20155 SW 188th St, Miami, FL 33187

$780,000

5,620 SF

View details

Flex Space with Dock Loading

Miami, FL 33172

$2,950,000

7,160 SF

View details

Warehouse with Roll-Up Loading Doors

3035 NW 40th Street, Miami, FL 33142

$3,290,000

10,000 SF

View details

Flex Space with Warehouse and Office

3500 NW 54th St Unit 5308, Miami, FL 33142

Contact for pricing

5,165 SF

View details

Flex Space with Loading Docks

3560 NW 34th St, Miami, FL 33142

Contact for pricing

6,996 SF

View details

Single-Tenant Industrial Warehouse

270 NE 70th St, Miami, FL 33138

Contact for pricing

10,000 SF

View details

Miami Golden Glades Interchange Warehouses

50 NE 179Th St, Miami, FL 33162

$13,500,000

54,062 SF

View details

5-Asset Warehouse Portfolio

3650 NW 50th St, Miami, FL 33142

$12,251,000

60,099 SF

View details

Two-Building Warehouse Complex

5646 Northwest 35th Court, Miami, FL 33142

Contact for pricing

31,609 SF

View details

Refrigerated Cold Storage Facility

7500 NW 25th St #13A, Miami, FL 33122

Contact for pricing

35,270 SF

View details

Frequently Asked Questions

What type of property is this?

Distribution center - Free-standing distribution center with development potential in a prime location.

Where is this distribution center located?

The property is located at 67 NW 166th St Miami, FL.

What is the asking price?

The asking price for this property is $1,499,999.

What are key features of this property?

This property features: Free‑standing distribution center in North Miami Beach with easy access to Golden Glades Interchange.; Development potential for up to 5‑story office building.; 3,145 sqft distribution space with 18 ft ceilings and 800 sqft mezzanine.**