Free-Standing Warehouse with Dock
For Sale
$6,750,000
7480 NW 52nd St, Miami, FL 33166
COMMERCIAL - Miami, FL
Property Size22,274 SF
Lot Size7.00 Acres
Price / SF$303.04
Days on Market59
Property Features for 7480 NW 52nd St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7300
Parking
17
Security features
Security System, Security
Exterior features
Shutters Electric, Storm/Security Shutters
Subdivision
30
Standard status
Active
APN
30-30-23-011-0010
Lot size
7.00 Acres
Taxes and HOA fees
Tax Description
MONNAH PK PALMETTO TRACT SEC ONE PB 108-82 W 104.50FT OF LOT 1 BLK 1 LOT SIZE 30854 SQ FT OR 20823-0097 1002 4 COC 21471-4863 07 2003 4
Legal Description
MONNAH PK PALMETTO TRACT SEC ONE PB 108-82 W 104.50FT OF LOT 1 BLK 1 LOT SIZE 30854 SQ FT OR 20823-0097 1002 4 COC 21471-4863 07 2003 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1978
Floors in Building
2
Building materials
Brick Veneer, Block
Listing Agency:
RE/MAX Advance Realty II · RE/MAX International
(305) 251-2127
Listed By:
Paul Silverstein · License #0354892
(305) 794-9773
Added: Jun 16
Changed: Aug 4
Last Checked: Aug 13 at 2:06AM
MLS# A11979266
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This free-standing warehouse building includes approximately 22,274 SF of warehouse space with about 3,500 SF of first-floor office/showroom area plus additional second-floor space. The facility offers five restrooms, 18' clear height, minimal columns, and twin-T roof construction. Loading is designed for operational efficiency with three loading positions, including one grade-level 12' x 14' door and a recessed truck well featuring a 20' x 14' door, along with two dock-high positions with dock levelers and electric openers.
The property is on a 7-acre lot and is zoned heavy IU-2. It includes 18 parking spaces and has central heating and central air. The building was built in 1978 and has passed its 40-year recertification. Exterior features include electric shutters and storm/security shutters. Located in Airport West on NW 52nd Street between the Palmetto Expressway and Milam Dairy Road, the site connects into the surrounding roadway network.
The property is on a 7-acre lot and is zoned heavy IU-2. It includes 18 parking spaces and has central heating and central air. The building was built in 1978 and has passed its 40-year recertification. Exterior features include electric shutters and storm/security shutters. Located in Airport West on NW 52nd Street between the Palmetto Expressway and Milam Dairy Road, the site connects into the surrounding roadway network.
Key Highlights
- Approximately 22,274 SF free‑standing warehouse with about 3,500 SF first‑floor office/showroom plus additional second‑floor area
- 18' clear height with minimal columns and twin‑T roof construction
- Loading for 3 positions: 12' x 14' grade‑level door, recessed truck well 20' x 14' door, and 2 dock‑high positions
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
5.38%
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
Office B
$9.13M
$7.99M – $10.65M
NOI $638,985 @ 7.0% cap · market cap 9.47%
Second Best
Warehouse
$5.19M
$4.54M – $6.06M
NOI $363,366 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$15.04M
$13.16M – $17.54M
NOI $1,052,457 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Heavy IU-2 zoned free-standing warehouse with efficient loading, office/showroom space, and central HVAC.
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 $6,750,000.
What are key features of this property?
This property features: Approximately 22,274 SF free‑standing warehouse with about 3,500 SF first‑floor office/showroom plus additional second‑floor area; 18' clear height with minimal columns and twin‑T roof construction; Loading for 3 positions: 12' x 14' grade‑level door, recessed truck well 20' x 14' door, and 2 dock‑high positions
