Listing Agency: Bari Realty Group b***@gmail.com

Listed By: Simon Cruz · License #3243557 Show Phone

Added: Nov 5 Changed: Nov 6 Last Checked: Nov 6 at 2:06PM

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MLS# A12118793

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,400-square-foot warehouse includes 200 square feet of office space and one bathroom. Recent improvements include new vinyl flooring, ceiling work, LED lighting, and fresh paint in the offices; the warehouse walls and floors have also been repainted. Clear height ranges from 18 to 22 feet, and the property has three-phase power.

The space is in Miami, near Doral, the Palmetto Expressway (SR-826), and Miami International Airport. Parking includes one assigned space, with visitor parking also available.

Key Highlights

• 2,400 Sq. Ft. total, including 200 Sq. Ft. of office space
• 18'-22' clear ceiling height
• Three‑phase power

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

CARGA MIAMI Shipping Company DS USA Investsments Big Box & Wholesale Store Dolphin Distributors Electronics & Wireless Store

Suggested Use

Top Pick Veterinary Clinic Butcher (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

3,682

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

Market

Average Price Trend$/SF for Warehouses in Miami, FL

$316 Jul

$325 Aug

$300 Sep

$306 Oct

Properties on Market for Warehouses in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

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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
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Frequently Asked Questions

What type of property is this?

Warehouse - The space combines a dedicated office, restroom, and three-phase electrical service.

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 Sq. Ft. total, including 200 Sq. Ft. of office space; 18'-22' clear ceiling height; Three‑phase power