Free-Standing Warehouse with
For Sale
$6,659,000
7480 NW 52nd St, Miami, FL 33166
22,274 SF warehouse with office/showroom space in Airport West.
Property Size22,274 SF
Price / SF$298.96
Days on Market186
Property Features for 7480 NW 52nd St
General Information
Standard status
Active
Size
22,274 SF
Property subtype
Industrial
Building Details
Building Size
22,274 SF
Year Built
1978
Listing Agency:
RE/MAX Advance Realty II
Listed By:
Paul Silverstein · License #0354892
(305) 444-7111
Source:
Miamibrokersgroup
Added: Mar 9
Changed: Aug 28
Last Checked: Sep 9 at 7:28AM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This free-standing warehouse building offers approximately 22,274 square feet, including about 3,500 square feet of first-floor office and showroom space, with additional space on the second floor. The warehouse features 18' clear height and minimal columns. Constructed with a twin-T roof, the property is zoned IU-2. Loading is facilitated by three positions, including one 12' x 14' grade-level door, a recessed truck well with a 20' x 14' door, and two dock-high positions equipped with dock levelers and electric openers. The building includes five restrooms and 18 parking spaces. The property has passed its 40-year recertification. It is located in Airport West on NW 52nd Street, situated between the Palmetto Expressway and Milam Dairy Road. The location has a walk score of 70, indicating it is very walkable, a bike score of 48, indicating it is somewhat bikeable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Free‑standing ±22,274 SF warehouse building in Airport West location.
- Efficient loading with three positions: one grade‑level door and a recessed truck well, plus two dock‑high positions with levelers.
- Approximately 3,500 SF of first‑floor office/showroom space plus additional second‑floor area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$363,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,267,320
$7.3M
Cap Rate 7%
$5,190,943
$5.2M
Cap Rate 9%
$4,037,400
$4.0M
Market Conditions
NOI Build-Up for 22,274 SF
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.
Gross rent
$449.0K $20.16/SF
− Vacancy
−$21.6K −$0.97/SF
EGI
$427.5K $19.19/SF
− OpEx
−$64.1K −$2.88/SF
NOI
$363.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,267,320
Cap Rate 7%
$5,190,943
Cap Rate 9%
$4,037,400
Alternative Uses
Best Use
Retail
$10.38M
$9.08M – $12.11M
NOI $726,704 @ 7.0% cap · market cap 10.91%
Second Best
Office B
$9.13M
$7.99M – $10.65M
NOI $638,985 @ 7.0% cap · market cap 9.60%
Theoretical Best
Specialty Retail
$15.04M
$13.16M – $17.54M
NOI $1,052,457 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,918
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Miamilocker — 8200 NW 41st St, Doral, FL 33166
- Land and Sea Equipment Corporation — 8249 NW 36th St, Doral, FL 33166
- Extra Space Storage — 3951 NW 77th Ave, Doral, FL 33166, United States
- Alpha Logistics, Inc — doral, fl 33166
- Igloo Exchange LLC — 6745 NW 36th St Suite 270, Miami, FL 33166
Frequently Asked Questions
What type of property is this?
Warehouse - 22,274 SF warehouse with office/showroom space in Airport West.
Where is this warehouse located?
The property is located at 7480 NW 52nd St Miami, FL.
What is the asking price?
The asking price for this property is $6,659,000.
What are key features of this property?
This property features: Free‑standing ±22,274 SF warehouse building in Airport West location.; Efficient loading with **three positions**: one grade‑level door and a recessed truck well, plus two dock‑high positions with levelers.; Approximately **3,500 SF of first‑floor office/showroom space** plus additional second‑floor area.
