Renovated Warehouse with
775 NW 71st St Miami, FL 33150
775 NW 71st St, Miami, FL, 33150
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For Sale
Contact for pricing
Renovated warehouse featuring office, showroom, and multiple loading options.
Property Size55,000 SF
Price / SF$309.09
Days on Market1062
Property Features for 775 NW 71st St
General Information
- Standard status
- Active
- Size
- 55,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing Agency
NAI Miami HQ
(786) 367-3569
Listed by
Robert Eckstein · License #FL BK618278
Source
Crexi
Added: Aug 22, 2023 Checked: Jul 17 at 9:55 am
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 NAI Miami HQ
Investment Insights
Based on property information with market context.
This commercial property features a 4,986 square-foot office and showroom space, along with a 3,865 square-foot mezzanine. The warehouse section offers varied loading capabilities. The east side has one van-height door, with the potential to reopen two additional van-height doors. The west side is equipped with three oversized doors providing three dock positions and one large ramp. The property includes a foreman’s office and boasts a 20-foot clear ceiling height. Heavy power is available. Recent renovations include a new roof, new warehouse windows, updated bathrooms, offices, and showroom. The building is fully sprinklered and has completed a recent 40-year certification. The total property size is 55,000 square feet.
Key Highlights
- Recent Renovations: Includes new roof, warehouse windows, bathrooms, offices, and showroom.
- Versatile Loading Options: Features three oversized dock doors and one large ramp on the west side, plus van‑height doors on the east side.
- 20’ clear ceiling height suitable for various uses.
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 | $1.11M | $20.16 |
| − Vacancy | −$53.2k | −$0.97 |
| EGI | $1.06M | $19.19 |
| − OpEx | −$158.3k | −$2.88 |
| NOI | $897.2k | $16.31 |
55,000 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$25.63M
$22.43M – $29.91M
NOI $1,794,413 @ 7.0% cap · market cap 10.56%
Second Best
Warehouse
$12.82M
$11.22M – $14.95M
NOI $897,241 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$37.13M
$32.48M – $43.31M
NOI $2,598,775 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rex Discount Wholesale ...
Department Store
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FAQs
What type of property is this?
Warehouse - Renovated warehouse featuring office, showroom, and multiple loading options.
Where is this warehouse located?
The property is located at 775 NW 71st St Miami, FL.
What is the asking price?
The asking price for this property is $17,000,000.
What are key features of this property?
This property features: Recent Renovations: Includes new roof, warehouse windows, bathrooms, offices, and showroom.; Versatile Loading Options: Features three oversized dock doors and one large ramp on the west side, plus van‑height doors on the east side.; 20’ clear ceiling height suitable for various uses.
