End-Unit Warehouse
For Sale
$1,900,000
6921 NW 52nd St Northwest 52nd Street, Miami, FL 33166
Industrial zoning, dock loading, and office improvements support distribution and storage operations.
Property Size4,550 SF
Price / SF$417.58
Days on Market193
Property Features for 6921 NW 52nd St Northwest 52nd Street
General Information
Standard status
Active
Size
4,550 SF
Property subtype
Warehouse
Zoning
IU-2
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
550 SF
Additional Details
Asking Price
$1,900,000
Highway Access
Yes
Listing Agency:
eXp Commercial | Florida
(305) 909-0077
Listed By:
Alex Cabrera
(305) 909-0077
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 9:47PM
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 eXp Commercial | Florida
Investment Insights
Based on property information with market context.
This 4,550-square-foot end-unit warehouse condominium combines functional warehouse space with approximately 550 square feet of air-conditioned office area. The layout also includes an enclosed, air-conditioned mezzanine office and two bathrooms, providing dedicated support areas within the unit. A 24-foot clear ceiling height accommodates vertical storage, while declining loading docks facilitate loading and unloading.
The property is located at 6921 NW 52nd Street in Miami, approximately 2 miles from Miami International Airport’s cargo area and 12 miles from the Miami Seaport. Access to SR-826, SR-836, and I-95 supports regional movement. IU-2 heavy industrial zoning is identified for the property, with distribution, manufacturing, and storage uses stated in the listing information.
The property is located at 6921 NW 52nd Street in Miami, approximately 2 miles from Miami International Airport’s cargo area and 12 miles from the Miami Seaport. Access to SR-826, SR-836, and I-95 supports regional movement. IU-2 heavy industrial zoning is identified for the property, with distribution, manufacturing, and storage uses stated in the listing information.
Key Highlights
- 4,550‑square‑foot end‑unit warehouse condominium
- Approximately 550 SF of air‑conditioned office space plus enclosed AC mezzanine office
- 24‑foot clear ceiling height for vertical storage
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
$74,226
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
3.91%
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%
$1,484,520
$1.5M
Cap Rate 7%
$1,060,371
$1.1M
Cap Rate 9%
$824,733
$824.7K
Market Conditions
NOI Build-Up for 4,550 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
$91.7K $20.16/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$87.3K $19.19/SF
− OpEx
−$13.1K −$2.88/SF
NOI
$74.2K $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%
$1,484,520
Cap Rate 7%
$1,060,371
Cap Rate 9%
$824,733
Alternative Uses
Best Use
Warehouse
$1.06M
$927.8K – $1.24M
NOI $74,226 @ 7.0% cap · market cap 3.91%
Second Best
Flex RnD
$953.2K
$834.0K – $1.11M
NOI $66,721 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$3.07M
$2.69M – $3.58M
NOI $214,990 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,717
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
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
- Extra Space Storage — 3951 NW 77th Ave, Doral, FL 33166, United States
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- American Consolidation and Logistics — 6755 NW 36th St Suite 150, Miami, FL 33166
- Delsie Self Storage Facility — 4711 NW 79th Ave ste 8h 9i, Doral, FL 33166
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial zoning, dock loading, and office improvements support distribution and storage operations.
Where is this warehouse located?
The property is located at 6921 NW 52nd St Northwest 52nd Street Miami, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 4,550‑square‑foot end‑unit warehouse condominium; Approximately 550 SF of air‑conditioned office space plus enclosed AC mezzanine office; 24‑foot clear ceiling height for vertical storage
