Warehouse with Office
For Sale
$780,000
7344-7344 Nw 56th St, Miami, FL 33166
Warehouse area with dedicated offices, 18'-22' clear height, 3-phase power, and parking for staff and visitors.
Property Size2,400 SF
Price / SF$325
Days on Market234
Property Features for 7344-7344 Nw 56th St
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
1
Warehouse & Industrial
Clear Height
22 ft
Heavy Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,682
Listing Agency:
Bari Realty Group
Listed By:
Simon B Cruz · License #3243557
(305) 848-2274
Source:
Exprealty
Added: Jan 29
Changed: Sep 12
Last Checked: Sep 19 at 2:32PM
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 Bari Realty Group
Investment Insights
Based on property information with market context.
This property offers a combined warehouse and office layout, totaling approximately 2,200+/- square feet of warehouse area plus approximately 200+/- square feet of offices. The space includes one bathroom, 3-phase power, and a clear ceiling height range of about 18' to 22'. Parking is set up with one assigned space and additional visitor parking available on-site.
Located in Miami with convenient access to Doral, the Palmetto Expressway (SR-826), and Miami International Airport. The site benefits from practical regional connectivity for business operations that serve the greater Miami area.
For buyers looking for a flex-style industrial setup, the warehouse provides the working area while the included office space supports administrative needs on-site. The combination of office functionality, 3-phase power, and meaningful clear height can help accommodate a range of light industrial and logistics users, with parking arrangements designed to support both employees and visitors.
Located in Miami with convenient access to Doral, the Palmetto Expressway (SR-826), and Miami International Airport. The site benefits from practical regional connectivity for business operations that serve the greater Miami area.
For buyers looking for a flex-style industrial setup, the warehouse provides the working area while the included office space supports administrative needs on-site. The combination of office functionality, 3-phase power, and meaningful clear height can help accommodate a range of light industrial and logistics users, with parking arrangements designed to support both employees and visitors.
Key Highlights
- 2200+/- SF warehouse area plus 200+/- SF dedicated office area
- 18'-22' clear ceiling height in the warehouse
- 3‑phase power
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
$39,152
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
5.02%
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%
$783,040
$783.0K
Cap Rate 7%
$559,314
$559.3K
Cap Rate 9%
$435,022
$435.0K
Market Conditions
NOI Build-Up for 2,400 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
$48.4K $20.16/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$46.1K $19.19/SF
− OpEx
−$6.9K −$2.88/SF
NOI
$39.2K $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%
$783,040
Cap Rate 7%
$559,314
Cap Rate 9%
$435,022
Alternative Uses
Best Use
Warehouse
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 5.02%
Second Best
Flex RnD
$502.8K
$439.9K – $586.6K
NOI $35,194 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,328
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse area with dedicated offices, 18'-22' clear height, 3-phase power, and parking for staff and visitors.
Where is this flex space located?
The property is located at 7344-7344 Nw 56th St Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 2200+/- SF warehouse area plus 200+/- SF dedicated office area; 18'-22' clear ceiling height in the warehouse; 3‑phase power
