Manufacturing Facility with Three
For Sale
Contact for pricing
2360 West 76th Street, Hialeah, FL 33016
Single-story industrial space with flexible bay configuration, truck access, parking, and Industrial Light MFG zoning.
Property Size29,444 SF
Lot Size1.10 Acres
Price / SF$305.66
Days on Market56
Property Features for 2360 West 76th Street
General Information
Standard status
Active
Size
29,444 SF
Class
B
Total Parking Spaces
25
Lot size
1.10 Acres
Property subtype
Industrial
Zoning
Industrial Light MFG
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Buildings
1
Stories
1
Tenancy
Single
Building Size
29,444 SF
Construction
concrete block
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Alan Kaye · License #FL
Source:
Crexi
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 4:23PM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
This single-story manufacturing facility contains approximately 29,444 square feet within a concrete block building completed in 1988. Three contiguous rectangular bays can support one occupant or be leased separately, providing flexibility for manufacturing, warehouse, and distribution operations. The property includes on-site parking and truck access and occupies a 1.10-acre site.
Located in Hialeah’s established Palmetto Industrial Submarket, the facility connects to the Palmetto Expressway (SR-826) and major Miami-Dade logistics corridors. Regional access includes I-75 and the Florida Turnpike, with connectivity to Miami International Airport and Port Miami. The surrounding area includes manufacturing, logistics, and distribution users.
Located in Hialeah’s established Palmetto Industrial Submarket, the facility connects to the Palmetto Expressway (SR-826) and major Miami-Dade logistics corridors. Regional access includes I-75 and the Florida Turnpike, with connectivity to Miami International Airport and Port Miami. The surrounding area includes manufacturing, logistics, and distribution users.
Key Highlights
- Approximately 29,444 SF single‑story industrial facility
- Three contiguous rectangular bays that can accommodate one company or separate occupancies
- 1.10‑acre site with on‑site parking and truck access
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
$405,849
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
4.51%
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%
$8,116,980
$8.1M
Cap Rate 7%
$5,797,843
$5.8M
Cap Rate 9%
$4,509,433
$4.5M
Market Conditions
NOI Build-Up for 29,444 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
$505.3K $17.16/SF
− Vacancy
−$27.8K −$0.94/SF
EGI
$477.5K $16.22/SF
− OpEx
−$71.6K −$2.43/SF
NOI
$405.8K $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%
$8,116,980
Cap Rate 7%
$5,797,843
Cap Rate 9%
$4,509,433
Alternative Uses
Best Use
Warehouse
$5.80M
$5.07M – $6.76M
NOI $405,849 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$4.77M
$4.18M – $5.57M
NOI $334,229 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$11.59M
$10.14M – $13.52M
NOI $811,241 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
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?
Manufacturing property - Single-story industrial space with flexible bay configuration, truck access, parking, and Industrial Light MFG zoning.
Where is this manufacturing property located?
The property is located at 2360 West 76th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Approximately 29,444 SF single‑story industrial facility; Three contiguous rectangular bays that can accommodate one company or separate occupancies; 1.10‑acre site with on‑site parking and truck access
