Three-Bay Flex
New
For Sale
$7,500,000
995 NW 72nd St, Miami, FL 33150
A two-story, air-conditioned showroom and office section complements warehouse bays with roll-up loading and gated parking.
Property Size21,566 SF
Lot Size0.57 Acres
Price / SF$347.77
Days on Market3
Property Features for 995 NW 72nd St
General Information
Standard status
Active
Size
21,566 SF
Lot size
0.57 Acres
Property subtype
Industrial
Zoning
IU-2
Warehouse & Industrial
Office Build-Out
10,000 SF
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Asking Price
$7,500,000
Highway Access
Yes
Amenities
kitchenette
gated parking
Building Details
Building Size
21,566 SF
Year Built
1964
Buildings
1
Listing Agency:
Metro 1
Listed By:
Juan Nava · License #3649427
(954) 864-6274
Source:
Marcelosteinmander
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:27PM
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 Metro 1
Investment Insights
Based on property information with market context.
This 21,566-square-foot flex building sits on a 24,718-square-foot lot and is divided into three bays. The east bay contains 7,500 square feet with 19-foot ceilings. The center bay offers 10,000 square feet of two-story showroom and office space, with 5,000 square feet per floor, 8-foot-6-inch clearances, full air conditioning, a kitchenette, and restrooms on each level. The 4,000-square-foot west bay has 12-foot-6-inch ceilings, a roll-up door, and a restroom. Loading is served by three roll-up doors: one dock-height and two drive-in. Gated parking is on site.
Located at 995 NW 72nd St in Miami’s West Little River area, the property is zoned IU-2 (Light Industrial) and is minutes from I-95. Nearby properties include Britto’s Palace and Thierry Isambert Culinary and Event Design.
Located at 995 NW 72nd St in Miami’s West Little River area, the property is zoned IU-2 (Light Industrial) and is minutes from I-95. Nearby properties include Britto’s Palace and Thierry Isambert Culinary and Event Design.
Key Highlights
- 21,566‑square‑foot building on a 24,718‑square‑foot lot
- Three bays: 7,500 SF east, 10,000 SF center, and 4,000 SF west
- Center bay has two 5,000‑square‑foot floors, each with a kitchenette and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,816
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,036,320
$7.0M
Cap Rate 7%
$5,025,943
$5.0M
Cap Rate 9%
$3,909,067
$3.9M
Market Conditions
NOI Build-Up for 21,566 SF
Gross rent
$434.8K $20.16/SF
− Vacancy
−$20.9K −$0.97/SF
EGI
$413.9K $19.19/SF
− OpEx
−$62.1K −$2.88/SF
NOI
$351.8K $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 Rate 5%
$7,036,320
Cap Rate 7%
$5,025,943
Cap Rate 9%
$3,909,067
Alternative Uses
Best Use
Retail
$10.05M
$8.80M – $11.73M
NOI $703,606 @ 7.0% cap · market cap 9.38%
Second Best
Warehouse
$5.03M
$4.40M – $5.86M
NOI $351,816 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$14.56M
$12.74M – $16.98M
NOI $1,019,003 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - A two-story, air-conditioned showroom and office section complements warehouse bays with roll-up loading and gated parking.
Where is this flex space located?
The property is located at 995 NW 72nd St Miami, FL.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 21,566‑square‑foot building on a 24,718‑square‑foot lot; Three bays: 7,500 SF east, 10,000 SF center, and 4,000 SF west; Center bay has two 5,000‑square‑foot floors, each with a kitchenette and restrooms
