Industrial Warehouse with Multiple
For Sale
$2,700,000
114 SW 2nd Avenue, Dania Beach, FL 33004
Industrial warehouse with five high-ceiling bays on a 9,413 SF lot, partially occupied and zoned CC.
Property Size7,630 SF
Lot Size0.22 Acres
Price / SF$353.87
Days on Market92
Property Features for 114 SW 2nd Avenue
General Information
Standard status
Active
Size
7,630 SF
Lot size
0.22 Acres
Property subtype
Commercial
Zoning
CC
Taxes and HOA fees
Annual Taxes
$18,842
Building Details
Year Built
1972
Listing Agency:
COMREAL MIAMI - DORAL, LLC.
Listed By:
EDWARD J REDLICH · License #A11990059
Source:
Corcoran
Added: Jun 9
Changed: Sep 8
Last Checked: Sep 7 at 10:54AM
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 COMREAL MIAMI - DORAL, LLC.
Investment Insights
Based on property information with market context.
This industrial warehouse totals 6,030 SF and includes five high-ceiling bays. The property sits on a 9,413 SF lot and is currently partially occupied, offering the ability to occupy immediately while planning for additional space.
The building is located in Dania Beach, and it is zoned CC – City Center District. The zoning designation supports a variety of commercial and light industrial uses, making the site suitable for an owner-user seeking operational flexibility.
The combination of multiple bays and high ceilings provides practical functionality for light industrial and commercial use, with the current partial occupancy supporting continuity of operations.
The building is located in Dania Beach, and it is zoned CC – City Center District. The zoning designation supports a variety of commercial and light industrial uses, making the site suitable for an owner-user seeking operational flexibility.
The combination of multiple bays and high ceilings provides practical functionality for light industrial and commercial use, with the current partial occupancy supporting continuity of operations.
Key Highlights
- 6,030 SF industrial warehouse in Dania Beach with five high‑ceiling bays
- Located on a 9,413 SF lot
- Partially occupied, offering the ability to move in while planning future use
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
$100,022
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
3.70%
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%
$2,000,440
$2.0M
Cap Rate 7%
$1,428,886
$1.4M
Cap Rate 9%
$1,111,356
$1.1M
Market Conditions
NOI Build-Up for 7,630 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
$124.5K $16.32/SF
− Vacancy
−$6.8K −$0.90/SF
EGI
$117.7K $15.42/SF
− OpEx
−$17.7K −$2.31/SF
NOI
$100.0K $13.11/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$2,000,440
Cap Rate 7%
$1,428,886
Cap Rate 9%
$1,111,356
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,022 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $270,971 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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?
Warehouse - Industrial warehouse with five high-ceiling bays on a 9,413 SF lot, partially occupied and zoned CC.
Where is this warehouse located?
The property is located at 114 SW 2nd Avenue Dania Beach, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 6,030 SF industrial warehouse in Dania Beach with five high‑ceiling bays; Located on a 9,413 SF lot; Partially occupied, offering the ability to move in while planning future use
