Manufacturing Facility With Sign
For Sale
$1,989,900
Pending
2400 W 3rd Ct, Hialeah, FL 33010
Operating sign manufacturing business with specialized production equipment, permitted paint booth, and installation assets included.
Property Size5,358 SF
Days on Market32
Property Features for 2400 W 3rd Ct
General Information
Standard status
Pending
Size
5,358 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Building Details
Building Size
5,358 SF
Year Built
1959
Listing Agency:
Saggio Realty, Inc.
(239) 947-3432
Listed By:
Luis Hernandez · License #3057991
Source:
Marcelosteinmander
Added: Jul 30
Changed: Aug 25
Last Checked: Aug 29 at 3:54PM
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 Saggio Realty, Inc.
Investment Insights
Based on property information with market context.
The offering combines a manufacturing facility with an operating sign production business. The 5,358-square-foot property was built in 1959 and contains equipment for metal fabrication, forming, cutting, assembly, and finishing, along with company-owned installation equipment. A permitted industrial paint booth supports both solvent-based and water-based paint systems. Licenses, permits, and insurance are in good standing, and the operation includes an experienced workforce and established customer base.
Located at 2400 3rd Ct in Hialeah, Florida, the property includes 15 parking spaces. The facility and business are offered together, providing an existing platform for continued sign manufacturing and installation operations.
Located at 2400 3rd Ct in Hialeah, Florida, the property includes 15 parking spaces. The facility and business are offered together, providing an existing platform for continued sign manufacturing and installation operations.
Key Highlights
- 5,358‑square‑foot manufacturing property built in 1959
- Operating sign manufacturing business included with the real estate
- Permitted industrial paint booth for solvent‑based and water‑based paint systems
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
$60,820
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
3.06%
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%
$1,216,400
$1.2M
Cap Rate 7%
$868,857
$868.9K
Cap Rate 9%
$675,778
$675.8K
Market Conditions
NOI Build-Up for 5,358 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
$91.9K $17.16/SF
− Vacancy
−$5.1K −$0.94/SF
EGI
$86.9K $16.22/SF
− OpEx
−$26.1K −$4.86/SF
NOI
$60.8K $11.35/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$1,216,400
Cap Rate 7%
$868,857
Cap Rate 9%
$675,778
Alternative Uses
Best Use
Industrial
$868.9K
$760.3K – $1.01M
NOI $60,820 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,624 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
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 - Operating sign manufacturing business with specialized production equipment, permitted paint booth, and installation assets included.
Where is this manufacturing property located?
The property is located at 2400 W 3rd Ct Hialeah, FL.
What is the asking price?
The asking price for this property is $1,989,900.
What are key features of this property?
This property features: 5,358‑square‑foot manufacturing property built in 1959; Operating sign manufacturing business included with the real estate; Permitted industrial paint booth for solvent‑based and water‑based paint systems
