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    Allapattah Industrial Warehouse For Sale Title is generated by Realmo AI

    3141 NW 40th St, Miami, FL 33142

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    7875 SF free-standing industrial warehouse in Allapattah.

    Type:Industrial
    Property size:
    7,875 SF
    Price / SF:
    $279/SF
    Added:
    Dec 18, 2023
    Days on Market:
    933
    Last Refresh:
    Jul 5 at 9:47 am

    Property Features for 3141 NW 40th St

    General Information

    Standard status
    Active
    Size
    7,875 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1971

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    Contact an agent
    Markos Bertolotti
    Markos Bertolotti

    Listing office Fausto Commercial Realty Consultants

    Listing date Dec 18, 2023

    Source Crexi

    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

    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
    • CBS Construction
    • Close proximity to Miami Airport and major Miami locations
    • Excellent Visibility Overlooking SR112 Expressway (100,000+ Vehicle Daily Count)

    Overview

    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.

    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 $158.8k $20.16
    − Vacancy −$7.6k −$0.97
    EGI $151.1k $19.19
    − OpEx −$22.7k −$2.88
    NOI $128.5k $16.31
    7,875 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.84M
    $1.61M – $2.14M (±1% cap)
    NOI $128,469 @ 7.0% cap · market cap 5.84%
    Second Best
    Industrial
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,798 @ 7.0% cap · market cap 4.81%
    Theoretical Best
    Specialty Retail
    $5.32M
    $4.65M – $6.20M (±1% cap)
    NOI $372,097 @ 7.0% cap · market cap 16.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    ANTIQUES & DESIGN, INC. Interior Design Taller Matias Corporate Office

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Skin Care Clinic Barber Shop Hair Salon (Bike/Boat/Book/etc) Store Acupuncture Computer & Electronic Repair Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.247214
    Latitude
    25.811892

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    FAQs

    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**
    (305) 632-2057 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Markos Bertolotti
    Markos Bertolotti
    Real Estate License ID: FL
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