Miami Industrial Warehouse
7311 NW 56th St 7311 Miami, FL 33166
For Sale
$885,000
2,361 SF industrial warehouse condo in prime Miami location.
Property Size2,361 SF
Price / SF$374.84
Days on Market95
Property Features for 7311 NW 56th St 7311
General Information
- Standard status
- Active
- Size
- 2,361 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1983
Listing Agency:
Allstate Realty Services Inc
(305) 228-0071
Listed By:
Daisy Rubio
(305) 228-0071
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 9:28AM
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 2,361 SF industrial warehouse condo is located in Miami. Currently used as a light manufacturing and woodworking shop, the unit offers flexible industrial use with high ceilings and a functional layout. The property is zoned for industrial use, making it suitable for a variety of businesses. It is located in a well-maintained building with potential for appreciation. The location provides convenient access to major highways and central Miami locations. The walk score is 70, indicating it is very walkable, the bike score is 48, indicating it is somewhat bikeable, and the transit score is 40, indicating some transit options are available.
Key Highlights
- 2,361 SF industrial warehouse condo in a prime Miami location.
- Flexible industrial use with high ceilings and functional layout.
- Zoned for industrial use, suitable for a variety of businesses.
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
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
What type of property is this?
Manufacturing property - 2,361 SF industrial warehouse condo in prime Miami location.
Where is this manufacturing property located?
The property is located at 7311 NW 56th St 7311 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 in a prime Miami location.; Flexible industrial use with **high ceilings** and **functional layout**.; Zoned for industrial use, suitable for a variety of businesses.
