Five-Warehouse Flex
For Sale
Contact for pricing
7370 NW 56th Street #7370, Miami, FL 33166
Office and warehouse areas support distribution, storage, light industrial, service, and contractor operations.
Property Size2,080 SF
Price / SF$1.92
Days on Market72
Property Features for 7370 NW 56th Street #7370
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Mixed Use
Building Details
Year Built
1973
Listing Agency:
Centennial Realty Group LLC
Listed By:
Juan Carlos Mejia · License #3242427
(954) 854-6668
Source:
Lehmannflorida
Added: Aug 10
Changed: Oct 19
Last Checked: Oct 19 at 11:22AM
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 Centennial Realty Group LLC
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Investment Insights
Based on property information with market context.
This flex property combines office and warehouse areas across five warehouse spaces. The total configuration encompasses 12,278 SF, with the spaces available individually or as a combined offering. The layout can accommodate distribution, storage, light industrial, service, contractor, and other commercial operations. The improvements date to 1973.
Located at 7370 NW 56th St in Miami, the property is near major roadways and transportation routes. Walk Score is 76, Bike Score is 55, and Transit Score is 39, reflecting a walkable setting with some transit service.
Located at 7370 NW 56th St in Miami, the property is near major roadways and transportation routes. Walk Score is 76, Bike Score is 55, and Transit Score is 39, reflecting a walkable setting with some transit service.
Key Highlights
- Five warehouse spaces totaling 12,278 SF
- Spaces may be leased individually or combined
- Office and warehouse configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,944
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,880
$558.9K
Cap Rate 7%
$399,200
$399.2K
Cap Rate 9%
$310,489
$310.5K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$41.9K $20.16/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$39.9K $19.19/SF
− OpEx
−$12.0K −$5.76/SF
NOI
$27.9K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,880
Cap Rate 7%
$399,200
Cap Rate 9%
$310,489
Alternative Uses
Best Use
Office B
$852.4K
$745.9K – $994.5K
NOI $59,670 @ 7.0% cap · market cap 1,491.75%
Second Best
Warehouse
$484.7K
$424.2K – $565.5K
NOI $33,932 @ 7.0% cap · market cap 848.30%
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,281 @ 7.0% cap · market cap 2,457.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas support distribution, storage, light industrial, service, and contractor operations.
Where is this flex space located?
The property is located at 7370 NW 56th Street #7370 Miami, FL.
What are key features of this property?
This property features: Five warehouse spaces totaling 12,278 SF; Spaces may be leased individually or combined; Office and warehouse configuration
