Office-Warehouse Flex
For Sale
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7380 NW 56th Street #7380, Miami, FL 33166
Flexible office and warehouse configuration supports distribution, storage, light industrial, service, and contractor operations.
Property Size2,400 SF
Price / SF$1.88
Days on Market73
Property Features for 7380 NW 56th Street #7380
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Building Details
Year Built
1973
Buildings
5
Listing Agency:
Centennial Realty Group LLC
Listed By:
Juan Carlos Mejia · License #3242427
(954) 854-6668
Source:
Lehmannflorida
Added: Aug 10
Changed: Oct 21
Last Checked: Oct 20 at 11:04PM
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 space combines office and warehouse areas within a five-building configuration totaling 12,278 SF. The properties may be arranged individually or offered together, allowing businesses to select a footprint aligned with their operational requirements. The layout supports distribution, storage, light industrial, service, contractor, and other commercial activities.
The property is located at 7380 NW 56th St in Miami, with access near major roadways and transportation routes. Walk Score is 76, BikeScore is 55, and TransitScore is 39, reflecting a very walkable setting with some transit and bike access.
The property is located at 7380 NW 56th St in Miami, with access near major roadways and transportation routes. Walk Score is 76, BikeScore is 55, and TransitScore is 39, reflecting a very walkable setting with some transit and bike access.
Key Highlights
- Five warehouses totaling 12,278 SF
- Available individually or as one combined offering
- Office and warehouse areas in a flexible configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,243
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,860
$644.9K
Cap Rate 7%
$460,614
$460.6K
Cap Rate 9%
$358,256
$358.3K
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
−$13.8K −$5.76/SF
NOI
$32.2K $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%
$644,860
Cap Rate 7%
$460,614
Cap Rate 9%
$358,256
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 1,530.00%
Second Best
Warehouse
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 870.04%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 2,520.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - Flexible office and warehouse configuration supports distribution, storage, light industrial, service, and contractor operations.
Where is this flex space located?
The property is located at 7380 NW 56th Street #7380 Miami, FL.
What are key features of this property?
This property features: Five warehouses totaling 12,278 SF; Available individually or as one combined offering; Office and warehouse areas in a flexible configuration
