Showroom and Warehouse
For Sale
Contact for pricing
8700 NW 7th Ave, Miami, FL 33150
Gated showroom/warehouse on 1.81 acres with 18+ clear heights, multiple private offices, and recent capital improvements.
Property Size28,782 SF
Lot Size1.81 Acres
Price / SF$423.88
Days on Market129
Property Features for 8700 NW 7th Ave
General Information
Standard status
Active
Size
28,782 SF
Lot size
1.81 Acres
Property subtype
INDUSTRIAL
Zoning
UC-MCS
Additional Details
Fenced Yard
Yes
Clear Height
18 ft
Listing Agency:
Hawkins Commercial Realty
(786) 581-7990
Listed By:
James Hawkins
Source:
Moodyscre
Added: Apr 6
Changed: Jul 27
Last Checked: Jul 27 at 5:48AM
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 Hawkins Commercial Realty
Investment Insights
Based on property information with market context.
This 28,782 SF showroom/warehouse sits on a gated 1.81-acre lot and is zoned UC-MCS. The property is configured for a luxury auto dealership and includes a dealer license, along with approved plans for a state-of-the-art facility. Building features include 18+ foot clear heights, multiple private offices, and gated parking. More than $2 million in recent capital improvements are noted, including new HVAC, plumbing, electrical, windows and doors, restrooms, and resurfaced parking.
The property is positioned on a highly visible corner within the NW 7th Avenue CRA. The remarks state the location provides proximity to multi-billion-dollar developments and eligibility for TIF and related growth incentives.
The asset is delivered vacant at closing, providing flexibility for an owner-occupant or other qualified use under the UC-MCS zoning provisions described in the offering.
The property is positioned on a highly visible corner within the NW 7th Avenue CRA. The remarks state the location provides proximity to multi-billion-dollar developments and eligibility for TIF and related growth incentives.
The asset is delivered vacant at closing, providing flexibility for an owner-occupant or other qualified use under the UC-MCS zoning provisions described in the offering.
Key Highlights
- 28,782 SF showroom/warehouse on a gated 1.81‑acre lot, zoned UC‑MCS
- UC‑MCS zoning allows uses including dealership, EV center, civic, or future mixed‑use development
- 18+ foot clear heights with multiple private offices and gated parking
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
$939,032
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
7.70%
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%
$18,780,640
$18.8M
Cap Rate 7%
$13,414,743
$13.4M
Cap Rate 9%
$10,433,689
$10.4M
Market Conditions
NOI Build-Up for 28,782 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
$1.50M $51.96/SF
− Vacancy
−$154.0K −$5.35/SF
EGI
$1.34M $46.61/SF
− OpEx
−$402.4K −$13.98/SF
NOI
$939.0K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
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%
$18,780,640
Cap Rate 7%
$13,414,743
Cap Rate 9%
$10,433,689
Alternative Uses
Best Use
Retail
$13.41M
$11.74M – $15.65M
NOI $939,032 @ 7.0% cap · market cap 7.70%
Second Best
Warehouse
$6.71M
$5.87M – $7.83M
NOI $469,534 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$19.43M
$17.00M – $22.67M
NOI $1,359,962 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Gated showroom/warehouse on 1.81 acres with 18+ clear heights, multiple private offices, and recent capital improvements.
Where is this flex space located?
The property is located at 8700 NW 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $12,200,000.
What are key features of this property?
This property features: 28,782 SF showroom/warehouse on a gated 1.81‑acre lot, zoned UC‑MCS; UC‑MCS zoning allows uses including dealership, EV center, civic, or future mixed‑use development; 18+ foot clear heights with multiple private offices and gated parking
