New Warehouse with Office
6700 NE 2nd Ct 4, Miami, FL 33138
For Sale
$3,532,650
6,220 sq ft warehouse with office, AC, and elevator.
Property Size6,225 SF
Price / SF$567.95
Days on Market248
Property Features for 6700 NE 2nd Ct 4
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Metro 1
Listed By:
Irene Dakota · License FL #3062153
(305) 972-8860
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 25 at 5:43AM
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 Metro 1
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Investment Insights
Based on property information with market context.
This brand-new 6,220 sq ft warehouse includes an upstairs office area featuring two private offices, a large open space, a kitchenette, and a bathroom. Impact windows surround the office area. The warehouse has 30 ft ceilings, full AC, and three large street-level overhead doors. A mezzanine provides additional space. The ground floor includes a bathroom and shower. A handicapped elevator is installed. The space is suitable for a showroom, car storage, e-commerce business, importer, exporter, or wine business. This warehouse is located in a four-unit condominium campus.
Key Highlights
- 6,220 sq ft brand‑new warehouse space suitable for various businesses
- Fully air‑conditioned warehouse with 30 ft ceilings and three large street‑level overhead doors
- Upstairs office area includes two private offices, a large open space, kitchenette, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,436
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,568,720
$3.6M
Cap Rate 7%
$2,549,086
$2.5M
Cap Rate 9%
$1,982,622
$2.0M
Market Conditions
NOI Build-Up for 6,220 SF
Gross rent
$279.9K $45.00/SF
− Vacancy
−$42.0K −$6.75/SF
EGI
$237.9K $38.25/SF
− OpEx
−$59.5K −$9.56/SF
NOI
$178.4K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,568,720
Cap Rate 7%
$2,549,086
Cap Rate 9%
$1,982,622
Alternative Uses
Best Use
Office B
$2.55M
$2.23M – $2.97M
NOI $178,436 @ 7.0% cap · market cap 5.05%
Second Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,470 @ 7.0% cap · market cap 2.87%
Theoretical Best
Specialty Retail
$4.20M
$3.67M – $4.90M
NOI $293,898 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,137
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- Public Storage — 5609 NE 2nd Ave, Miami, FL 33137, United States
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- Classic Motors — 90 nw 72nd st #102, miami, fl 33150
- Hagerty Garage + Social — 355 NE 71st St, Miami, FL 33138
Frequently Asked Questions
What type of property is this?
Warehouse - 6,220 sq ft warehouse with office, AC, and elevator.
Where is this warehouse located?
The property is located at 6700 NE 2nd Ct 4 Miami, FL.
What is the asking price?
The asking price for this property is $3,532,650.
What are key features of this property?
This property features: 6,220 sq ft brand‑new warehouse space suitable for various businesses; Fully air‑conditioned warehouse with 30 ft ceilings and three large street‑level overhead doors; Upstairs office area includes two private offices, a large open space, kitchenette, and bathroom
