Industrial Warehouse with Fenced
For Sale
$1,000,000
3645 NW 49th St, Miami, FL 33142
Vacant small-bay warehouse with a fenced, secured yard, 13.3-foot clear height, and one street-level loading door.
Property Size3,250 SF
Lot Size0.25 Acres
Price / SF$307.69
Days on Market116
Property Features for 3645 NW 49th St
General Information
Standard status
Active
Size
3,250 SF
Lot size
0.25 Acres
Property subtype
Warehouse
Zoning
IU-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
13.3 ft
Drive-In Doors
1
Heavy Power
Yes
Amenities
Ideal Owner-User Opportunity (Delivered Vacant)
±5,500 SF Fenced & Secured Yard
13' Clear Height
1 Street-Level door
2 Electric Meters & 1 Water Meter
3-Phase Power (3-Phase 800 AMPS @ 240 Volts)
Building Details
Building Size
3,250 SF
Year Built
1969
Listing Agency:
Marcus & Millichap
Listed By:
Jonathan De La Rosa · License #License(s): FL: SL3283433
(786) 522-7027
Source:
Marcusmillichap
Added: May 14
Changed: Aug 8
Last Checked: Sep 6 at 3:58AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This vacant small-bay industrial warehouse includes approximately 3,250 rentable square feet within an 11,000-square-foot IU-1 zoned site. The property features a fenced and secured 11,000-square-foot lot with a 13.3-foot clear height and one street-level loading door. Power and utilities are designed for industrial operations, with robust 3-phase electrical service (800 amps at 240 volts) and additional utility infrastructure including two electric meters and one water meter.
The asset is positioned in East Hialeah with regional connectivity to Miami International Airport, the Port of Miami, and major expressways, supporting convenient access for distribution and operational needs.
Offered for sale as a turnkey, available facility, the property is delivered vacant and provides on-site outdoor storage in a compact industrial format.
The asset is positioned in East Hialeah with regional connectivity to Miami International Airport, the Port of Miami, and major expressways, supporting convenient access for distribution and operational needs.
Offered for sale as a turnkey, available facility, the property is delivered vacant and provides on-site outdoor storage in a compact industrial format.
Key Highlights
- Vacant small‑bay industrial property with approx. 3,250 rentable SF delivered vacant
- 11,000‑SF IU‑1 zoned site with a fenced and secured 11,000 SF lot/yard for outdoor storage
- 13.3‑foot clear height plus one street‑level loading door
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
$53,019
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
5.30%
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%
$1,060,380
$1.1M
Cap Rate 7%
$757,414
$757.4K
Cap Rate 9%
$589,100
$589.1K
Market Conditions
NOI Build-Up for 3,250 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
$65.5K $20.16/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$62.4K $19.19/SF
− OpEx
−$9.4K −$2.88/SF
NOI
$53.0K $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%
$1,060,380
Cap Rate 7%
$757,414
Cap Rate 9%
$589,100
Alternative Uses
Best Use
Warehouse
$757.4K
$662.7K – $883.7K
NOI $53,019 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,564 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Well-served
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 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?
Warehouse - Vacant small-bay warehouse with a fenced, secured yard, 13.3-foot clear height, and one street-level loading door.
Where is this warehouse located?
The property is located at 3645 NW 49th St Miami, 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: Vacant small‑bay industrial property with approx. 3,250 rentable SF delivered vacant; 11,000‑SF IU‑1 zoned site with a fenced and secured 11,000 SF lot/yard for outdoor storage; 13.3‑foot clear height plus one street‑level loading door
