Warehouse Condo with
New
For Sale
Contact for pricing
7555 NW 70th St Unit 7555, Miami, FL 33166
Street-level warehouse space pairs a renovated office and bathroom with a roll-up bay door.
Property Size1,438 SF
Price / SF$2.29
Days on Market6
Property Features for 7555 NW 70th St Unit 7555
General Information
Standard status
Active
Size
1,438 SF
Total Parking Spaces
3
Property subtype
Industrial
Amenities
gated
Square Feet: 15254
Roof: Built-Up
Parcel Number: 30-30-14-019-0030, Tax Annual Amount: $4,783, Tax Legal Description: MARIBEL WAREHOUSES CONDO UNIT 3 UNDIV 5.022% INT IN COMMON ELEMENTS OFF REC 12004-580 OR 16378-3116 0594 2 COC 26194-3611 01 2008 1
Flooring: Concrete
Cooling: Wall/Window Unit(s)
Heating: Other
Business Type: Mini Warehouse, Office/Warehouse Combination, Lease Considered, Lease Term: 1 To 3 Year Lease, Special Listing Conditions: Lease, Standard Status: Active
Parking Total: 3, Features: Assigned, No Boats, No Rv
Construction Materials: Concrete Block Construction, Stories: 1, Year Built: 1983, Building Area Total: 15254, Building Name: Maribel Warehouses Condo, Structure Type: Commercial, Office/Warehouse Combination, Warehouse, Industrial
County Or Parish: Miami-Dade County, Unit Number: 7555
Current Use: Commercial Lease, Leasable Area Units: Square Feet, Leasable Area: 1438
Tenant Pays: Electricity, Inside Insurance, Telephone, Water
Road Frontage Type: City Street
Features: Smoke Alarm, Security Gate
Fee: $198, Fee Frequency: Monthly
Building Details
Year Built
1983
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Jazsenia Salvador · License #3163902
(305) 469-4369
Source:
Riserealty
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 8:44AM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This 1,438-square-foot warehouse condominium is at street level and includes a roll-up bay door. The office and bathroom have been renovated and are air-conditioned; the warehouse area has been freshly painted and features high ceilings.
The unit is within a gated warehouse property at 7555 NW 70th St in Miami. Three assigned parking spaces are included, with one positioned directly in front of the bay door.
The unit is within a gated warehouse property at 7555 NW 70th St in Miami. Three assigned parking spaces are included, with one positioned directly in front of the bay door.
Key Highlights
- 1,438‑square‑foot street‑level warehouse condominium
- Roll‑up bay door with one assigned parking space directly in front
- Three assigned parking spaces total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,459
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,180
$469.2K
Cap Rate 7%
$335,129
$335.1K
Cap Rate 9%
$260,656
$260.7K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$29.0K $20.16/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$27.6K $19.19/SF
− OpEx
−$4.1K −$2.88/SF
NOI
$23.5K $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%
$469,180
Cap Rate 7%
$335,129
Cap Rate 9%
$260,656
Alternative Uses
Best Use
Warehouse
$335.1K
$293.2K – $391.0K
NOI $23,459 @ 7.0% cap · market cap 710.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$970.7K
$849.3K – $1.13M
NOI $67,946 @ 7.0% cap · market cap 2,058.97%
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
2,918
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Street-level warehouse space pairs a renovated office and bathroom with a roll-up bay door.
Where is this warehouse located?
The property is located at 7555 NW 70th St Unit 7555 Miami, FL.
What are key features of this property?
This property features: 1,438‑square‑foot street‑level warehouse condominium; Roll‑up bay door with one assigned parking space directly in front; Three assigned parking spaces total
