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Freestanding Industrial Building

7440 NW 66th St Miami, FL 33166

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7440 NW 66th St, Miami, FL, 33166
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Freestanding 10,720 SF industrial building for sale near Miami International Airport, with option to expand by acquiring next door.

Property Size10,720 SF
Price / SF$325.56
AddedJul 8
Days on Market7
Last RefreshJul 11 at 2:23 am

Property Features for 7440 NW 66th St

General Information

Standard status
Active
Size
10,720 SF
Property subtype
Industrial

Building Details

Year Built
1974

Listing office The Hype Group

Listing date Jul 8, 2026

Source Crexi

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 The Hype Group


Investment Insights

Based on property information with market context.

Offered for sale, this freestanding industrial building comprises 10,720 SF at 7440 NW 66th St in Miami, FL. The property is positioned for flexible industrial use as either an owner-user asset or an investment holding.

The building is located in the Palmetto Expressway Industrial Corridor within the Doral/Medley submarket, near Miami International Airport. An additional option is available to acquire a neighboring building for a combined total of 27,201 SF.

Key Highlights

  • Freestanding 10,720 SF industrial building built in 1974
  • Located in the Palmetto Expressway Industrial Corridor within the Doral/Medley submarket
  • Option to expand by acquiring the next‑door building for a combined 27,201 SF

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $216.1k $20.16
− Vacancy −$10.4k −$0.97
EGI $205.7k $19.19
− OpEx −$30.9k −$2.88
NOI $174.9k $16.31
10,720 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$2.50M
$2.19M – $2.91M (±1% cap)
NOI $174,880 @ 7.0% cap · market cap 5.01%
Second Best
Industrial
$2.06M
$1.80M – $2.40M (±1% cap)
NOI $144,019 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$7.24M
$6.33M – $8.44M (±1% cap)
NOI $506,525 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

RIS Insulation Supply Hardware & Home Improvement

Suggested Use

(Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith Tanning Salon (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Concierge Moving Services — 7235 NW 54th St Suite 101, Miami, FL 33166
  • Say Self Storage — 5500 NW 74th Ave, Miami, FL 33166
  • USA Locker — 5459 NW 72nd Ave, Miami, FL 33166
  • Palmetto Warehouses — 7242-7304 NW 54th St, Miami, FL 33166
  • Edel Industrial Park — NW 72nd Ave, Miami, FL 33166

FAQs

What type of property is this?
Warehouse - Freestanding 10,720 SF industrial building for sale near Miami International Airport, with option to expand by acquiring next door.
Where is this warehouse located?
The property is located at 7440 NW 66th St Miami, FL.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Freestanding 10,720 SF industrial building built in 1974; Located in the Palmetto Expressway Industrial Corridor within the Doral/Medley submarket; Option to expand by acquiring the next‑door building for a combined 27,201 SF
Contact an agent
(305) 592-1588 Call to check price and availability
More about this property
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