Move-In Ready Industrial
For Sale
$535,000
7750 NW 71st Street 119a, Miami, FL 33166
Move-in ready warehouse with electric roll-up door and modern lighting, plus a large office build-out with bathroom.
Property Size1,600 SF
Price / SF$334.38
Days on Market88
Property Features for 7750 NW 71st Street 119a
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Year Built
1974
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Iveth L Crespo · License #3142011
(305) 598-5488
Source:
Chenoregroup
Added: Jun 15
Changed: Sep 8
Last Checked: Sep 9 at 10:58PM
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
Investment Insights
Based on property information with market context.
This move-in ready industrial warehouse offers approximately 1,600 SF of enclosed space, paired with a large office build-out that includes a bathroom. The warehouse features an electric roll-up door and modern lighting, and it is equipped with a security camera system. The property is described as suitable for construction, lighting, distribution, or other industrial and commercial uses.
The location is identified as in Doral, with direct exposure off Palmetto Expressway (SR-826). Public remarks note the property’s easy showings, and accessibility is supported by walkability and transit scoring provided in the listing.
For tenants or buyers seeking a single facility that combines warehouse operations with dedicated office space, this configuration can support a range of practical industrial functions. The presence of an on-site bathroom and secured camera system can streamline day-to-day operations, while the electric roll-up door and modern lighting support efficient loading and work activities.
The location is identified as in Doral, with direct exposure off Palmetto Expressway (SR-826). Public remarks note the property’s easy showings, and accessibility is supported by walkability and transit scoring provided in the listing.
For tenants or buyers seeking a single facility that combines warehouse operations with dedicated office space, this configuration can support a range of practical industrial functions. The presence of an on-site bathroom and secured camera system can streamline day-to-day operations, while the electric roll-up door and modern lighting support efficient loading and work activities.
Key Highlights
- ±1,600 SF industrial warehouse with a large office build‑out and bathroom
- Electric roll‑up door and modern lighting throughout
- Security camera system included
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
1
Drive-in doors
Yes
Highway 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 - Move-in ready warehouse with electric roll-up door and modern lighting, plus a large office build-out with bathroom.
Where is this flex space located?
The property is located at 7750 NW 71st Street 119a 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: ±1,600 SF industrial warehouse with a large office build‑out and bathroom; Electric roll‑up door and modern lighting throughout; Security camera system included
