Hialeah Gardens Warehouse Investment
For Sale
$4,620,000
13202 NW 107th Ave 5, Hialeah Gardens, FL 33018
Long-term credit tenant in place until November 2032.
Property Size12,086 SF
Lot Size0.28 Acres
Days on Market268
Property Features for 13202 NW 107th Ave 5
General Information
Standard status
Active
Size
12,086 SF
Lot size
0.28 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$32,598
Building Details
Building Size
12,086 SF
Year Built
2021
Listing Agency:
WILSHIRE ADVISORY GROUP CORP
(305) 262-0246
Listed By:
Gonzalo Rioja · License #A11770021
(305) 262-0246
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 11
Last Checked: Aug 23 at 4:38AM
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 WILSHIRE ADVISORY GROUP CORP
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with a long-term credit tenant currently occupying the premises. The existing lease agreement extends for a 10-year term, expiring in November 2032.
Key Highlights
- Long‑term credit tenant in place.
- 10‑year lease contract expiring in Nov 2032.
- Investment property.
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
$158,436
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
3.43%
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%
$3,168,720
$3.2M
Cap Rate 7%
$2,263,371
$2.3M
Cap Rate 9%
$1,760,400
$1.8M
Market Conditions
NOI Build-Up for 12,086 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
$197.2K $16.32/SF
− Vacancy
−$10.8K −$0.90/SF
EGI
$186.4K $15.42/SF
− OpEx
−$28.0K −$2.31/SF
NOI
$158.4K $13.11/SF
Area
Miami-Dade 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%
$3,168,720
Cap Rate 7%
$2,263,371
Cap Rate 9%
$1,760,400
Alternative Uses
Best Use
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,436 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$1.86M
$1.63M – $2.17M
NOI $130,477 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$6.13M
$5.37M – $7.15M
NOI $429,222 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33018, FL
54,273
Population
17,871
Households
3
Avg Household Size
41
Median Age
29%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,805
Median Household Income
$42,911
Median Earnings
$2,066
Median Rent
$436,300
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 - Long-term credit tenant in place until November 2032.
Where is this warehouse located?
The property is located at 13202 NW 107th Ave 5 Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $4,620,000.
What are key features of this property?
This property features: Long‑term credit tenant in place.; 10‑year lease contract expiring in Nov 2032.; Investment property.
