Industrial Flex
For Sale
$995,000
6815 NW 7th Ave, Miami, FL 33150
Move-in ready flex/warehouse building with newer AC units, fresh paint, and a completed 40-year inspection.
Property Size3,120 SF
Price / SF$318.91
Days on Market52
Property Features for 6815 NW 7th Ave
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,027
Building Details
Year Built
1940
Tenancy
Single
Listing Agency:
Charles Rutenberg Realty FTL
(954) 732-9020
Listed By:
Greg A Harris · License #3175967
(954) 732-9020
Source:
Elliman
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 12 at 7:47AM
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 Charles Rutenberg Realty FTL
Investment Insights
Based on property information with market context.
This industrial flex building offers approximately 3,120 square feet and is presented with new paint. Updates include two newer AC units, supporting comfortable conditioned work space for a range of uses that fit within a flex/warehouse configuration. A 40-year inspection has been completed and is described as in good standing.
The property is located at 6815 NW 7th Ave in Miami, Florida. It is currently occupied by a tenant on a month-to-month arrangement, with rent noted at $3,000.
For buyers seeking an owner-operator setup, this building can serve as a place of business with dedicated space for light industrial or warehousing needs. For investors, the existing month-to-month tenancy provides current occupancy status while allowing for future repositioning based on business requirements or tenant demand. Prospective buyers should confirm all terms of occupancy, building details, and suitability for their intended use during due diligence.
The property is located at 6815 NW 7th Ave in Miami, Florida. It is currently occupied by a tenant on a month-to-month arrangement, with rent noted at $3,000.
For buyers seeking an owner-operator setup, this building can serve as a place of business with dedicated space for light industrial or warehousing needs. For investors, the existing month-to-month tenancy provides current occupancy status while allowing for future repositioning based on business requirements or tenant demand. Prospective buyers should confirm all terms of occupancy, building details, and suitability for their intended use during due diligence.
Key Highlights
- Approx. 3,120 sq ft flex/warehouse building with 40‑year inspection completed
- New paint and two newer AC units
- Currently occupied by a 10+ year tenant on month‑to‑month at $3,000
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
$50,898
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
5.12%
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%
$1,017,960
$1.0M
Cap Rate 7%
$727,114
$727.1K
Cap Rate 9%
$565,533
$565.5K
Market Conditions
NOI Build-Up for 3,120 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
$62.9K $20.16/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$59.9K $19.19/SF
− OpEx
−$9.0K −$2.88/SF
NOI
$50.9K $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%
$1,017,960
Cap Rate 7%
$727,114
Cap Rate 9%
$565,533
Alternative Uses
Best Use
Warehouse
$727.1K
$636.2K – $848.3K
NOI $50,898 @ 7.0% cap · market cap 5.12%
Second Best
Flex RnD
$653.6K
$571.9K – $762.5K
NOI $45,752 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,421 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Balanced
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
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
- Tasty T's 305 — 448 NW 71st St, Miami, FL 33150
- Truly Delicious Baptiste Kitchen Catering — 750 NW 69th St, Miami, FL 33150
- Jerusalem Mama kosher — GARDEN INN, MIAMI BEACH, 148 NW 67th St STRILI, Miami, FL 33169
- MightyBSpots — 248 NW 69th St, Miami, FL 33150
- Miami Market Place — 7040 NW 2nd Ave, Miami, FL 33150
Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready flex/warehouse building with newer AC units, fresh paint, and a completed 40-year inspection.
Where is this flex space located?
The property is located at 6815 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approx. 3,120 sq ft flex/warehouse building with 40‑year inspection completed; New paint and two newer AC units; Currently occupied by a 10+ year tenant on month‑to‑month at $3,000
