Renovated Warehouse with
7344 NW 56th St, Miami, FL 33166
For Sale
New
$795,000
Updated interiors, three-phase power, and a dedicated office area support a range of warehouse operations.
Property Size2,400 SF
Price / SF$331.25
Days on Market2
Property Features for 7344 NW 56th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Warehouse & Industrial
Clear Height
Office Build-Out
Three-Phase Power
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Bari Realty Group Inc.
Listed By:
Simon Cruz · License #3243557
(305) 848-2274
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:44PM
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 Inc.
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Investment Insights
Based on property information with market context.
This warehouse offers 2,400 square feet, including 200 square feet of office space and one bathroom. Recent improvements include vinyl flooring and LED lighting in the offices, along with new ceilings and fresh paint. The warehouse floors and walls have also been painted. Ceiling clearance ranges from 18 to 22 feet, and the building has three-phase power.
The property is in Miami, with access to Doral, the Palmetto Expressway (SR-826), and Miami International Airport. One parking space is assigned, with additional visitor parking available. The special assessment has been paid in full.
The property is in Miami, with access to Doral, the Palmetto Expressway (SR-826), and Miami International Airport. One parking space is assigned, with additional visitor parking available. The special assessment has been paid in full.
Key Highlights
- 2,400 square feet, including 200 square feet of office space
- 18–22‑foot clear ceiling height and three‑phase power
- Updated office flooring, ceilings, lighting, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,152
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
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
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 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 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
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
$489,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Alpha Logistics, Inc — doral, fl 33166
- Igloo Exchange LLC — 6745 NW 36th St Suite 270, Miami, FL 33166
- American Consolidation and Logistics — 6755 NW 36th St Suite 150, Miami, FL 33166
- Delsie Self Storage Facility — 4711 NW 79th Ave ste 8h 9i, Doral, FL 33166
- Faro Boat Lifts — 6906 NW 46th St, Miami, FL 33166
Frequently Asked Questions
What type of property is this?
Warehouse - Updated interiors, three-phase power, and a dedicated office area support a range of warehouse operations.
Where is this warehouse located?
The property is located at 7344 NW 56th St Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,400 square feet, including 200 square feet of office space; 18–22‑foot clear ceiling height and three‑phase power; Updated office flooring, ceilings, lighting, and paint
