Industrial
For Sale
$1,500,000
3071 NW 54th St, Miami, FL 33142
Warehouse asset in an Industrial District with additional property included under an adjacent folio.
Property Size2,650 SF
Days on Market201
Property Features for 3071 NW 54th St
General Information
Standard status
Active
Size
2,650 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$6,463
Building Details
Building Size
2,650 SF
Year Built
1960
Listing Agency:
AFS Living
Listed By:
Carmen Colon · License #3317611
Source:
Vanessafrankmiami
Added: Jan 18
Changed: Aug 2
Last Checked: Aug 7 at 1:20AM
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 AFS Living
Investment Insights
Based on property information with market context.
This warehouse property was constructed in 1960 and is located within an Industrial District. The offering includes the property associated with adjacent folio 30-3116-009-2370, adding 3,225 Sq.Ft. to the overall offering. The property is offered in its existing condition and is due for 40 Year Recertification.
Located at 3071 NW 54th St in Miami, FL 33142, the asset combines a warehouse use with an additional folio included in the sale. The property is being conveyed as is.
Located at 3071 NW 54th St in Miami, FL 33142, the asset combines a warehouse use with an additional folio included in the sale. The property is being conveyed as is.
Key Highlights
- Warehouse property in an Industrial District
- Adjacent folio 30‑3116‑009‑2370 included
- Additional 3,225 Sq.Ft. 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
$43,231
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
2.88%
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%
$864,620
$864.6K
Cap Rate 7%
$617,586
$617.6K
Cap Rate 9%
$480,344
$480.3K
Market Conditions
NOI Build-Up for 2,650 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
$53.4K $20.16/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$50.9K $19.19/SF
− OpEx
−$7.6K −$2.88/SF
NOI
$43.2K $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%
$864,620
Cap Rate 7%
$617,586
Cap Rate 9%
$480,344
Alternative Uses
Best Use
Warehouse
$617.6K
$540.4K – $720.5K
NOI $43,231 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,214 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,244
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.
Similar Off Market Nearby
- Exotic Storage Solutions — 4261 NW 36th Ave, Miami, FL 33142
- All My Sons Moving & Storage — 987 SE 11th Pl, Hialeah, FL 33010
- Hialeah Multi-Bay Warehouse Park — SE 10th Ave, Hialeah, FL 33010
- Prime Storage — 1000 Hialeah Dr, Hialeah, FL 33010
- GRM Information Management — 4495 NW 37th Ave, Miami, FL 33142
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse asset in an Industrial District with additional property included under an adjacent folio.
Where is this warehouse located?
The property is located at 3071 NW 54th St Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Warehouse property in an Industrial District; Adjacent folio 30‑3116‑009‑2370 included; Additional 3,225 Sq.Ft. property
