Allapattah Industrial Warehouse For
For Sale
Contact for pricing
Pending
3141 NW 40th St, Miami, FL 33142
7875 SF free-standing industrial warehouse in Allapattah.
Property Size7,875 SF
Days on Market980
Property Features for 3141 NW 40th St
General Information
Standard status
Pending
Size
7,875 SF
Class
C
Property subtype
Industrial
Zoning
LIGHT INDUSTRIAL, IU-1
Investment Type
Owner/User
Building Details
Year Built
1971
Year Renovated
2022
Buildings
1
Stories
2
Units
2
Listing Agency:
Fausto Commercial Realty Consultants
(305) 632-2057
Listed By:
Markos Bertolotti · License #FL
Source:
Crexi
Added: Dec 18, 2023
Changed: Aug 9
Last Checked: Aug 23 at 4:13AM
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 Fausto Commercial Realty Consultants
Investment Insights
Based on property information with market context.
This 7875 SF free-standing industrial warehouse is an owner-operator or investment opportunity. The warehouse features 20-22’ high ceilings, and two oversized grade-level doors for loading and unloading. Constructed with CBS, the property is in excellent condition, ready for immediate use without significant repairs or renovations. Located in Allapattah, the site is near the Miami Airport and within 15 minutes of Brickell, Downtown, Wynwood, Seaport, and Gables. Overlooking the SR112 Expressway, the location benefits from high visibility with over 100,000 vehicles passing daily, offering ease of access. The property is suitable for various industrial uses, with logistical benefits due to its location in West Allapattah.
Key Highlights
- 7875 SF Free‑Standing Industrial Warehouse in Allapattah
- Excellent condition, ready for immediate use
- 20‑22’ High Ceilings and 2 Oversized Grade Level Doors**
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
$128,469
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
5.84%
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%
$2,569,380
$2.6M
Cap Rate 7%
$1,835,271
$1.8M
Cap Rate 9%
$1,427,433
$1.4M
Market Conditions
NOI Build-Up for 7,875 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
$158.8K $20.16/SF
− Vacancy
−$7.6K −$0.97/SF
EGI
$151.1K $19.19/SF
− OpEx
−$22.7K −$2.88/SF
NOI
$128.5K $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 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%
$2,569,380
Cap Rate 7%
$1,835,271
Cap Rate 9%
$1,427,433
Alternative Uses
Best Use
Warehouse
$1.84M
$1.61M – $2.14M
NOI $128,469 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$1.51M
$1.32M – $1.76M
NOI $105,798 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$5.32M
$4.65M – $6.20M
NOI $372,097 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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?
Warehouse - 7875 SF free-standing industrial warehouse in Allapattah.
Where is this warehouse located?
The property is located at 3141 NW 40th St Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7875 SF Free‑Standing Industrial Warehouse in Allapattah; Excellent condition, ready for immediate use; 20‑22’ High Ceilings** and **2 Oversized Grade Level Doors**
