Small-Bay Industrial Condo with Roll-Up
For Sale
$484,900
Pending
H-7215 Nw 41st St, Miami, FL 33127
Street-level roll-up door and 2 assigned parking spaces in a gated small-bay industrial condo, tenant occupied month-to-month.
Property Size1,320 SF
Days on Market72
Property Features for H-7215 Nw 41st St
General Information
Standard status
Pending
Size
1,320 SF
Total Parking Spaces
2
Additional Details
Highway Access
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$3,605
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Ranghiv Acurero Almeida · License #3656654
(305) 464-8600
Source:
Exprealty
Added: Jun 26
Changed: Sep 4
Last Checked: Sep 5 at 1:23PM
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 Miami New Realty
Investment Insights
Based on property information with market context.
Unit H is a small-bay office-warehouse condo at Calero Warehouse. The space includes a 1,320 SF office-warehouse area with high ceilings, a street-level roll-up door, and 1 bathroom, along with 2 assigned parking spaces. The property is located within a gated complex.
Operational access is supported by quick connections to MIA and SR-826 and SR-836. The unit is currently tenant occupied on a month-to-month basis and is sold AS-IS. Appointment only, do not disturb occupant, and there is no lockbox.
This condo configuration suits an owner-user or investor seeking a smaller industrial footprint with office space and a roll-up door for light distribution-style needs.
Operational access is supported by quick connections to MIA and SR-826 and SR-836. The unit is currently tenant occupied on a month-to-month basis and is sold AS-IS. Appointment only, do not disturb occupant, and there is no lockbox.
This condo configuration suits an owner-user or investor seeking a smaller industrial footprint with office space and a roll-up door for light distribution-style needs.
Key Highlights
- 1,320 SF office‑warehouse with high ceilings
- Street‑level roll‑up door
- 1 bathroom
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
$21,534
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
4.44%
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%
$430,680
$430.7K
Cap Rate 7%
$307,629
$307.6K
Cap Rate 9%
$239,267
$239.3K
Market Conditions
NOI Build-Up for 1,320 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
$26.6K $20.16/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$25.3K $19.19/SF
− OpEx
−$3.8K −$2.88/SF
NOI
$21.5K $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%
$430,680
Cap Rate 7%
$307,629
Cap Rate 9%
$239,267
Alternative Uses
Best Use
Warehouse
$307.6K
$269.2K – $358.9K
NOI $21,534 @ 7.0% cap · market cap 4.44%
Second Best
Flex RnD
$276.5K
$242.0K – $322.6K
NOI $19,356 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$891.0K
$779.6K – $1.04M
NOI $62,371 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,751
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Street-level roll-up door and 2 assigned parking spaces in a gated small-bay industrial condo, tenant occupied month-to-month.
Where is this flex space located?
The property is located at H-7215 Nw 41st St Miami, FL.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: 1,320 SF office‑warehouse with high ceilings; Street‑level roll‑up door; 1 bathroom
