Functional Warehouse Space Available
For Sale
$1,000,000
3771 NW 51st St 3771-B, Hialeah, FL 33142
3,127 sq ft warehouse with loading dock in Hialeah.
Property Size3,127 SF
Lot Size0.07 Acres
Price / SF$319.80
Days on Market168
Property Features for 3771 NW 51st St 3771-B
General Information
Standard status
Active
Size
3,127 SF
Lot size
0.07 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$5,902
Building Details
Building Size
3,127 SF
Year Built
1949
Stories
1
Listing Agency:
One Stop Realty Center
(786) 252-7499
Listed By:
Marcos Anton · License #3265885
(786) 252-7499
Source:
Elliman
Added: Mar 10
Changed: Aug 16
Last Checked: Aug 23 at 10:53AM
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 One Stop Realty Center
Investment Insights
Based on property information with market context.
This 3,127-square-foot warehouse space offers functionality and flexibility. The property features high ceilings and a convenient loading dock. It is suitable for warehousing, distribution, or light industrial use. The premises are secure. The ceiling height is 16 feet. The zoning code is M-1-INDUSTRIAL DISTRICT. The property is available now.
Key Highlights
- 3,127 sq ft warehouse space ideal for warehousing, distribution, or light industrial use.
- High ceilings (16' height) provide ample vertical storage space.**
- Convenient loading dock facilitates efficient loading and unloading.**
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
$43,102
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
4.31%
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%
$862,040
$862.0K
Cap Rate 7%
$615,743
$615.7K
Cap Rate 9%
$478,911
$478.9K
Market Conditions
NOI Build-Up for 3,127 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
$53.7K $17.16/SF
− Vacancy
−$3.0K −$0.94/SF
EGI
$50.7K $16.22/SF
− OpEx
−$7.6K −$2.43/SF
NOI
$43.1K $13.78/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /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%
$862,040
Cap Rate 7%
$615,743
Cap Rate 9%
$478,911
Alternative Uses
Best Use
Warehouse
$615.7K
$538.8K – $718.4K
NOI $43,102 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$507.1K
$443.7K – $591.6K
NOI $35,496 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,155 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,127 sq ft warehouse with loading dock in Hialeah.
Where is this warehouse located?
The property is located at 3771 NW 51st St 3771-B Hialeah, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,127 sq ft warehouse space ideal for warehousing, distribution, or light industrial use.; High ceilings (16' height) provide ample vertical storage space.**; Convenient loading dock facilitates efficient loading and unloading.**
