Flex Space with Loading
New
For Sale
$14,900,000
6955 NW 52nd St, Miami, FL 33166
Commercial Sale, Miami, FL
Property Size43,091 SF
Lot Size2.04 Acres
Price / SF$345.78
Days on Market2
Property Features for 6955 NW 52nd St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7300
Subdivision
30
Standard status
Active
APN
30-30-23-037-0050
Lot size
2.04 Acres
Taxes and HOA fees
Tax Description
FOCAL SUB PB 143-50 LOT 5 & 6 BLK 1 LOT SIZE 2.040 AC F/A/U 30-3023-001-0030 OR 16357-1675 0394 1 COC 24849-2815 08 2006 1
Tax Annual Amount
111436
Legal Description
FOCAL SUB PB 143-50 LOT 5 & 6 BLK 1 LOT SIZE 2.040 AC F/A/U 30-3023-001-0030 OR 16357-1675 0394 1 COC 24849-2815 08 2006 1
Amenities
3 dock doors & 2 drive-in doors
hurricane impact windows
Building Details
Year built
1998
Listing Agency:
ComReal Miami - Doral, LLC.
(786) 433-2380
Listed By:
Edward Redlich · License #3375503
(305) 710-5593
Added: Aug 29
Last Checked: Aug 30 at 9:06AM
MLS# A12079991
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 6955 Building is a freestanding flex property totaling approximately 43,091 SF on approximately 2.04 acres. Its configuration includes approximately 25,370 SF of warehouse area and approximately 17,721 SF of office space. The building is equipped with three dock doors, two drive-in doors, fire sprinklers, hurricane impact windows, and approximately 103 parking spaces. Constructed in 1998, the property is 96% leased.
The asset is located at 6955 NW 52nd St in Miami, within the Miami Airport West submarket. Miami International Airport, Doral, and Miami Springs are identified as nearby areas, with restaurants, banks, hotels, shopping centers, and residential communities in the surrounding setting.
The asset is located at 6955 NW 52nd St in Miami, within the Miami Airport West submarket. Miami International Airport, Doral, and Miami Springs are identified as nearby areas, with restaurants, banks, hotels, shopping centers, and residential communities in the surrounding setting.
Key Highlights
- Approximately 43,091 SF freestanding flex building on approximately 2.04 acres
- Approximately 25,370 SF of warehouse area and approximately 17,721 SF of office space
- Three dock doors and two drive‑in doors
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
$1,236,173
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
8.30%
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%
$24,723,460
$24.7M
Cap Rate 7%
$17,659,614
$17.7M
Cap Rate 9%
$13,735,256
$13.7M
Market Conditions
NOI Build-Up for 43,091 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
$1.94M $45.00/SF
− Vacancy
−$290.9K −$6.75/SF
EGI
$1.65M $38.25/SF
− OpEx
−$412.1K −$9.56/SF
NOI
$1.24M $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 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%
$24,723,460
Cap Rate 7%
$17,659,614
Cap Rate 9%
$13,735,256
Alternative Uses
Best Use
Office B
$17.66M
$15.45M – $20.60M
NOI $1,236,173 @ 7.0% cap · market cap 8.30%
Second Best
Warehouse
$10.04M
$8.79M – $11.72M
NOI $702,964 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$29.09M
$25.45M – $33.93M
NOI $2,036,069 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
2
Drive-in doors
96%
Occupancy
Yes
Sprinkler system
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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial facility combines warehouse and office areas with dock and drive-in access.
Where is this flex space located?
The property is located at 6955 NW 52nd St Miami, FL.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: Approximately 43,091 SF freestanding flex building on approximately 2.04 acres; Approximately 25,370 SF of warehouse area and approximately 17,721 SF of office space; Three dock doors and two drive‑in doors
