Flex Space with
For Sale
Contact for pricing
7-a-2385 Nw 70th Ave, Miami, FL 33144
Office and warehouse areas are complemented by an enclosed, climate-controlled mezzanine for additional work or storage space.
Property Size1,650 SF
Price / SF$2.00
Days on Market17
Property Features for 7-a-2385 Nw 70th Ave
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
2
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
1,050 SF
Office Build-Out
300 SF
Mezzanine
300 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Property Use
Office-Warehouse
Building Details
Year Built
2010
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Liliana Albrecht · License #3203130
(954) 801-9917
Source:
Exprealty
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 24 at 6:27PM
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 Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines 1,050 SF of warehouse area with a 300 SF office and a 300 SF enclosed mezzanine, totaling 1,650 SF. The mezzanine has concrete flooring and air conditioning. Warehouse features include 20-foot ceilings and a 12-foot street-facing overhead loading door. The unit is ready for occupancy within an industrial park built in 2010.
The property is 1/2 mile from Palmetto Expressway (SR 826), 1 mile from Dolphin Expressway (SR 836), and minutes from Miami International Airport. Two assigned parking spaces and guest parking are available. Rent includes water and sewer, structure insurance, waste, management fees, and common areas.
The property is 1/2 mile from Palmetto Expressway (SR 826), 1 mile from Dolphin Expressway (SR 836), and minutes from Miami International Airport. Two assigned parking spaces and guest parking are available. Rent includes water and sewer, structure insurance, waste, management fees, and common areas.
Key Highlights
- 1,650 SF total: 1,050 SF warehouse, 300 SF office, and 300 SF enclosed mezzanine
- 20‑foot ceilings and a 12‑foot street‑facing overhead loading door
- Mezzanine has concrete flooring and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,167
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,340
$443.3K
Cap Rate 7%
$316,671
$316.7K
Cap Rate 9%
$246,300
$246.3K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$33.3K $20.16/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$31.7K $19.19/SF
− OpEx
−$9.5K −$5.76/SF
NOI
$22.2K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,340
Cap Rate 7%
$316,671
Cap Rate 9%
$246,300
Alternative Uses
Best Use
Warehouse
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 815.67%
Second Best
Flex RnD
$345.7K
$302.5K – $403.3K
NOI $24,196 @ 7.0% cap · market cap 733.21%
Theoretical Best
Specialty Retail
$1.11M
$974.5K – $1.30M
NOI $77,963 @ 7.0% cap · market cap 2,362.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
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- Scandinavian BC Inc — 6801 SW 8th St #101, Miami, FL 33144
- Intimate Chef Events — 6760 SW 7th St, Miami, FL 33144
- Orlando's Paella — 6462 SW 8th St, West Miami, FL 33144
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are complemented by an enclosed, climate-controlled mezzanine for additional work or storage space.
Where is this flex space located?
The property is located at 7-a-2385 Nw 70th Ave Miami, FL.
What are key features of this property?
This property features: 1,650 SF total: 1,050 SF warehouse, 300 SF office, and 300 SF enclosed mezzanine; 20‑foot ceilings and a 12‑foot street‑facing overhead loading door; Mezzanine has concrete flooring and air conditioning
