3910 NW 2nd Ave 1,800 SF Flex Building Miami, FL 33127 $2,100,000 ($1,166.67/SF) 3.82% Cap Rate
EXECUTIVE SUMMARY
Investor opportunity. Own a property located just 2 blocks from the Design District, 4 blocks from Midtown, and a few blocks from Wynwood. Perfect for companies wanting proximity to vibrant areas. The property includes a 1,800 SF office building on a 10,100 SF paved and fenced lot. Current tenant has a 2 year lease at $8,500/month + 3% annual increase. The property is located near the North Miami Avenue ramp to westbound I-195 / SR-112 with easy access to downtown, the airport, and I-95.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,100,000 |
| Price Per SF | $1,166.67 |
| Sale Type | Investment |
| Cap Rate | 3.82% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.23 AC |
| Rentable Building Area | 1,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2017 |
| Tenancy | Single |
| Parking Ratio | 11.11/1,000 SF |
| Clear Ceiling Height | 13’8” |
| Zoning | T4 - Zone: T4-O, T3-O Existing Building Use: Light Manufacturing : Light Mfg Existing Land Use: Industrial |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Yard
- Reception
- Storage Space
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 01-3124-002-0760 | Total Assessment | $899,448 (2024) |
| Land Assessment | $846,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $53,448 (2024) | Tax Year | 2025 |
