Corner Industrial Body Shop
For Sale
$1,130,000
1081 47th St, Hialeah, FL 33013
Zoned M-1 and fully occupied, featuring a body shop and cafeteria with two electric meters and updated electrical.
Property Size4,880 SF
Price / SF$231.56
Days on Market35
Property Features for 1081 47th St
General Information
Standard status
Active
Size
4,880 SF
Property subtype
General Commercial
Zoning
M-1
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
3
Building Details
Year Built
1955
Listing Agency:
Lifestyle International Realty
(954) 240-8385
Listed By:
Cristen Navarro
(954) 240-8385
Source:
Xome
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 11 at 5:19AM
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 Lifestyle International Realty
Investment Insights
Based on property information with market context.
This corner industrial property is fully occupied and configured under one folio with a 3,780 SF body shop and a 1,100 SF cafeteria. The asset includes two separate mailing addresses and two electric meters, providing operational flexibility for future ownership or management. The electrical system has been updated, and the property has successfully passed its 40-year recertification.
Located at 1081 E 47th St in Hialeah, the property offers parking that complies with the City of Hialeah 8C-3 requirements. It is zoned for M-1 Industrial use, aligning with industrial and automotive-related business activity.
The current setup provides a clear split between the body shop and cafeteria spaces within a single industrial offering, supported by the property’s two-meter configuration and code-compliant parking.
Located at 1081 E 47th St in Hialeah, the property offers parking that complies with the City of Hialeah 8C-3 requirements. It is zoned for M-1 Industrial use, aligning with industrial and automotive-related business activity.
The current setup provides a clear split between the body shop and cafeteria spaces within a single industrial offering, supported by the property’s two-meter configuration and code-compliant parking.
Key Highlights
- Fully occupied corner industrial property totaling 4,880 SF under one folio
- Tenant mix includes a 3,780 SF body shop and a 1,100 SF cafeteria
- Zoned M‑1 Industrial with updated electrical and successful 40‑year recertification
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
$98,029
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
8.68%
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%
$1,960,580
$2.0M
Cap Rate 7%
$1,400,414
$1.4M
Cap Rate 9%
$1,089,211
$1.1M
Market Conditions
NOI Build-Up for 4,880 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
$140.5K $28.80/SF
− Vacancy
−$9.8K −$2.02/SF
EGI
$130.7K $26.78/SF
− OpEx
−$32.7K −$6.70/SF
NOI
$98.0K $20.09/SF
Area
Hialeah, FL
Vacancy
7.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,960,580
Cap Rate 7%
$1,400,414
Cap Rate 9%
$1,089,211
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,029 @ 7.0% cap · market cap 8.68%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,853 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,454 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
51k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 32%
Home Improvements & Furnishings 1%
Pollo Tropical
Dining
16,691 visits/mo
0.3 miles
Checkers
Dining
10,446 visits/mo
0.3 miles
Dunkin' Donuts
Dining
7,350 visits/mo
0.2 miles
Speedway
Shops & Services
5,087 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
4,836 visits/mo
0.1 miles
Demographics for 33013, FL
31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Zoned M-1 and fully occupied, featuring a body shop and cafeteria with two electric meters and updated electrical.
Where is this auto shop located?
The property is located at 1081 47th St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Fully occupied corner industrial property totaling 4,880 SF under one folio; Tenant mix includes a 3,780 SF body shop and a 1,100 SF cafeteria; Zoned M‑1 Industrial with updated electrical and successful 40‑year recertification
