Industrial Flex Space with
For Sale
$535,000
7750 NW 71st Street, Miami, FL 33166
Commercial Sale, Miami, FL
Property Size1,600 SF
Price / SF$334.38
Days on Market251
Property Features for 7750 NW 71st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
7600
Parking features
Guest, Assigned
Security features
Security System
Directions
826 Palmetto Expwy to NW 74ST / NW 79 St Exit, head West,then turn North on NW 77th Ct.
Subdivision
2300
Standard status
Active
APN
2230150080190
Taxes and HOA fees
Tax Year
2024
Tax Description
PALMETTO PLACE CONDO UNIT 119-A UNDIV 3.57% INT IN COMMON ELEMENTS OFF REC 9261-1074 OR 12934-730 0586 2
Tax Annual Amount
6764
Legal Description
PALMETTO PLACE CONDO UNIT 119-A UNDIV 3.57% INT IN COMMON ELEMENTS OFF REC 9261-1074 OR 12934-730 0586 2
Amenities
security camera system
Building Details
Year built
1974
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Iveth L Crespo · License #3142011
(786) 899-1258
Added: Jan 20
Changed: Sep 21
Last Checked: Sep 28 at 6:06PM
MLS# F10546604
Copyright © 2026 BeachesMLS. 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 industrial flex property offers approximately 1,600 SF with a large office build-out, bathroom, electric roll-up door, modern lighting, and an included security camera system. Built in 1974, the space combines warehouse functionality with finished administrative area and on-site assigned and guest parking.
The property is located at 7750 NW 71st Street in Miami, with direct access to the Palmetto Expressway, SR-826. Its configuration is suited to industrial and commercial operations such as construction, lighting, and distribution. Zoning is identified as 7600.
The property is located at 7750 NW 71st Street in Miami, with direct access to the Palmetto Expressway, SR-826. Its configuration is suited to industrial and commercial operations such as construction, lighting, and distribution. Zoning is identified as 7600.
Key Highlights
- Approximately 1,600 SF of industrial flex space
- Electric roll‑up door supports warehouse access
- Large office build‑out with bathroom
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
$26,102
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
4.88%
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%
$522,040
$522.0K
Cap Rate 7%
$372,886
$372.9K
Cap Rate 9%
$290,022
$290.0K
Market Conditions
NOI Build-Up for 1,600 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
$32.3K $20.16/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$30.7K $19.19/SF
− OpEx
−$4.6K −$2.88/SF
NOI
$26.1K $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 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%
$522,040
Cap Rate 7%
$372,886
Cap Rate 9%
$290,022
Alternative Uses
Best Use
Warehouse
$372.9K
$326.3K – $435.0K
NOI $26,102 @ 7.0% cap · market cap 4.88%
Second Best
Flex RnD
$335.2K
$293.3K – $391.0K
NOI $23,462 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,601 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,705
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 Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse space combines an electric roll-up door, office build-out, bathroom, lighting, and security cameras.
Where is this flex space located?
The property is located at 7750 NW 71st Street Miami, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Approximately 1,600 SF of industrial flex space; Electric roll‑up door supports warehouse access; Large office build‑out with bathroom
