Warehouse Property for
For Sale
$1,185,000
Pending
748 NW 24th St, Miami, FL 33127
For-sale warehouse property in Miami-Dade County, suited for businesses needing straightforward industrial space.
Property Size2,275 SF
Days on Market545
Property Features for 748 NW 24th St
General Information
Standard status
Pending
Size
2,275 SF
Zoning
7000
Site & Location
Neighborhood
Santa Clara
Taxes and HOA fees
Annual Taxes
$13,462
Amenities
Detached
Building Details
Building Size
2,275 SF
Year Built
1956
Listing Agency:
Miami One Real Estate, LLC
Listed By:
Maria Lazbal
(954) 990-3150
Source:
Evrealestate
Added: May 5, 2025
Changed: Oct 29
Last Checked: Oct 30 at 2:52PM
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 Miami One Real Estate, LLC
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Investment Insights
Based on property information with market context.
This for-sale warehouse property is offered as an industrial asset within the warehouse and other warehouse category. The available information does not specify unit breakdown, clear height, bay configuration, or other improvements, so prospective buyers should plan to review the property details during due diligence.
The property is located at 748 NW 24th St in Miami, Florida, within Miami-Dade County. No additional information is provided regarding frontage, access details, or nearby commercial anchors, so site-specific investigation will be important for confirming operational fit.
For tenants and buyers evaluating industrial space, the primary takeaway is that the asset is positioned as a warehouse-type property for users seeking a straightforward industrial setting. Because the dataset does not include specifics on currently existing uses, layout details, or lease status, underwriting should focus on verifying the condition, utility and infrastructure particulars, and any restrictions that could impact intended operations. Brokers and buyers are encouraged to request the full property package to confirm what will be included with the sale and how the space can support a user’s business needs.
The property is located at 748 NW 24th St in Miami, Florida, within Miami-Dade County. No additional information is provided regarding frontage, access details, or nearby commercial anchors, so site-specific investigation will be important for confirming operational fit.
For tenants and buyers evaluating industrial space, the primary takeaway is that the asset is positioned as a warehouse-type property for users seeking a straightforward industrial setting. Because the dataset does not include specifics on currently existing uses, layout details, or lease status, underwriting should focus on verifying the condition, utility and infrastructure particulars, and any restrictions that could impact intended operations. Brokers and buyers are encouraged to request the full property package to confirm what will be included with the sale and how the space can support a user’s business needs.
Key Highlights
- Warehouse property in Miami‑Dade County (CountyOrParish: Miami‑Dade)
- Detached warehouse building built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,113
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,260
$742.3K
Cap Rate 7%
$530,186
$530.2K
Cap Rate 9%
$412,367
$412.4K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$45.9K $20.16/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$43.7K $19.19/SF
− OpEx
−$6.5K −$2.88/SF
NOI
$37.1K $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%
$742,260
Cap Rate 7%
$530,186
Cap Rate 9%
$412,367
Alternative Uses
Best Use
Warehouse
$530.2K
$463.9K – $618.6K
NOI $37,113 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$436.6K
$382.1K – $509.4K
NOI $30,564 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,495 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,080
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse property in Miami-Dade County, suited for businesses needing straightforward industrial space.
Where is this warehouse located?
The property is located at 748 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Warehouse property in Miami‑Dade County (CountyOrParish: Miami‑Dade); Detached warehouse building built in 1956
