Industrial Warehouse Condo
7311-7311 Nw 56th St Miami, FL 33166
7311-7311 Nw 56th St, Miami, FL, 33166
$885,000
For Sale
$885,000
Industrial warehouse condo unit with high ceilings and a functional layout currently operating as a light manufacturing and woodworking shop.
Property Size2,361 SF
Price / SF$374.84
Days on Market118
Property Features for 7311-7311 Nw 56th St
General Information
- Standard status
- Active
- Size
- 2,361 SF
Listing agency
Allstate Realty Services Inc
(305) 228-0071
Listed by
Daisy N Rubio
(305) 228-0071
Source
Exprealty
Added: Mar 27 Updated: Jul 21 at 4:12PM Checked: Jul 21 at 4:12PM
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 Allstate Realty Services Inc
Investment Insights
Based on property information with market context.
This industrial warehouse condo unit totals 2,361 square feet and is currently used as a light manufacturing and woodworking shop. The space is supported by high ceilings and a functional layout designed for light industrial activity.
The property is zoned for industrial use and is located in a Miami area with convenient access to major highways and central Miami locations.
Offered for sale as part of a well-maintained building, this warehouse condo presents a straightforward option for an owner-user or investor seeking industrial space with existing improvements in place.
The property is zoned for industrial use and is located in a Miami area with convenient access to major highways and central Miami locations.
Offered for sale as part of a well-maintained building, this warehouse condo presents a straightforward option for an owner-user or investor seeking industrial space with existing improvements in place.
Key Highlights
- 2,361 SF industrial warehouse condo unit currently used as a light manufacturing/woodworking shop
- High ceilings and functional layout designed for industrial workspace use
- Zoned for industrial use and suitable for a variety of businesses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.6k | $20.16 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $45.3k | $19.19 |
| − OpEx | −$6.8k | −$2.88 |
| NOI | $38.5k | $16.31 |
2,361 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$453.1K
$396.5K – $528.7K
NOI $31,719 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,558 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
Similar Off Market Nearby
- Delsie Self Storage Facility — 4711 NW 79th Ave ste 8h 9i, Doral, FL 33166
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- LogicArt Miami — 4761 NW 72nd Ave, Miami, FL 33166
- Rapid Shifters — 4747 NW 72nd Ave, Miami, FL 33166
- Extra Space Storage — 4995 NW 79th Ave, Miami, FL 33166, United States
FAQs
What type of property is this?
Warehouse - Industrial warehouse condo unit with high ceilings and a functional layout currently operating as a light manufacturing and woodworking shop.
Where is this warehouse located?
The property is located at 7311-7311 Nw 56th St Miami, FL.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 2,361 SF industrial warehouse condo unit currently used as a light manufacturing/woodworking shop; High ceilings and functional layout designed for industrial workspace use; Zoned for industrial use and suitable for a variety of businesses
