Krome Avenue Warehouse on
For Sale
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22700 SW 177th Ave, Miami, FL 33170
Warehouse with commercial potential on Krome Avenue in Miami.
Property Size7,000 SF
Lot Size4.69 Acres
Price / SF$357.14
Days on Market1055
Property Features for 22700 SW 177th Ave
General Information
Standard status
Active
Size
7,000 SF
Lot size
4.69 Acres
Property subtype
Land
Building Details
Year Built
2015
Buildings
1
Stories
2
Listing Agency:
Foresight Realty Group Corp.
(786) 387-8730
Listed By:
Nelson Gonzalez · License #3163413
Source:
Crexi
Added: Sep 23, 2023
Changed: Aug 8
Last Checked: Aug 11 at 6:59AM
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 Foresight Realty Group Corp.
Investment Insights
Based on property information with market context.
Located on Krome Avenue in Miami, Florida, this property presents an opportunity for agricultural business-related commercial ventures. The property includes a 7,000-square-foot free-standing warehouse situated on 4.6946 acres, equivalent to 204,497 square feet. It features approximately 344 square feet of frontage on Krome Avenue, providing exposure to vehicular traffic. The warehouse incorporates a 2,500-square-foot office area with multiple offices, a 2,500-square-foot finished showroom, and a 2,500-square-foot warehouse area. Loading and unloading are facilitated by four loading bays and a loading ramp. The primary land use is designated for warehouse, terminal, or storage purposes.
Key Highlights
- 7,000 SQFT Free Standing Warehouse on 4.69 Acres
- High‑Traffic Location: Almost 344 SQFT of frontage on Krome Avenue
- Agricultural Business Related Commercial Potential
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
$114,194
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
4.57%
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%
$2,283,880
$2.3M
Cap Rate 7%
$1,631,343
$1.6M
Cap Rate 9%
$1,268,822
$1.3M
Market Conditions
NOI Build-Up for 7,000 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
$141.1K $20.16/SF
− Vacancy
−$6.8K −$0.97/SF
EGI
$134.3K $19.19/SF
− OpEx
−$20.2K −$2.88/SF
NOI
$114.2K $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%
$2,283,880
Cap Rate 7%
$1,631,343
Cap Rate 9%
$1,268,822
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,194 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$1.34M
$1.18M – $1.57M
NOI $94,042 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$4.73M
$4.13M – $5.51M
NOI $330,753 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33170, FL
14,908
Population
4,839
Households
3.1
Avg Household Size
37
Median Age
22%
College-Educated
79%
High-School Grad
12.4 sq mi
ZIP Area
1,202
Density / Sq Mi
$68,953
Median Household Income
$40,052
Median Earnings
$1,511
Median Rent
$426,200
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 - Warehouse with commercial potential on Krome Avenue in Miami.
Where is this warehouse located?
The property is located at 22700 SW 177th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,000 SQFT Free Standing Warehouse on 4.69 Acres; High‑Traffic Location: Almost 344 SQFT of frontage on Krome Avenue; Agricultural Business Related Commercial Potential
