Air-Conditioned
For Sale
$2,495,000
Pending
3380 NW 151st Terrace, Miami Gardens, FL 33054
Fully air-conditioned industrial building with street-level loading access and I-1 zoning.
Property Size6,700 SF
Lot Size0.28 Acres
Days on Market83
Property Features for 3380 NW 151st Terrace
General Information
Standard status
Pending
Size
6,700 SF
Lot size
0.28 Acres
Property subtype
Commercial
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
6,700 SF
Drive-In Doors
2
Conditioned Warehouse
Yes
Building Details
Year Built
1986
Building Size
6,700 SF
Listing Agency:
KING INDUSTRIAL REALTY INC.
(305) 316-2167
Listed By:
L. BRIAN KING · License #A11982662
Source:
Corcoran
Added: Jun 9
Changed: Aug 29
Last Checked: Jul 14 at 2:46AM
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 KING INDUSTRIAL REALTY INC.
Investment Insights
Based on property information with market context.
Located at 3380 NW 151st Ter in Miami Gardens, this warehouse offers a 6,700 SF building footprint on a 12,000 SF lot. The property includes two street-level loading doors and an 18’ clear ceiling height, providing practical loading and storage functionality.
The entire building is air-conditioned, a notable feature for warehouse operations requiring climate-controlled interior space. Constructed in 1986, the property is zoned I-1 Industrial and is configured as a standalone warehouse facility.
The entire building is air-conditioned, a notable feature for warehouse operations requiring climate-controlled interior space. Constructed in 1986, the property is zoned I-1 Industrial and is configured as a standalone warehouse facility.
Key Highlights
- 6,700 SF warehouse footprint on a 12,000 SF lot
- Two street‑level loading doors
- 18’ clear ceiling height
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
$98,809
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
3.96%
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%
$1,976,180
$2.0M
Cap Rate 7%
$1,411,557
$1.4M
Cap Rate 9%
$1,097,878
$1.1M
Market Conditions
NOI Build-Up for 6,700 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
$123.0K $18.36/SF
− Vacancy
−$6.8K −$1.01/SF
EGI
$116.2K $17.35/SF
− OpEx
−$17.4K −$2.60/SF
NOI
$98.8K $14.75/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /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%
$1,976,180
Cap Rate 7%
$1,411,557
Cap Rate 9%
$1,097,878
Alternative Uses
Best Use
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,809 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.75M – $2.33M
NOI $139,628 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
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?
Warehouse - Fully air-conditioned industrial building with street-level loading access and I-1 zoning.
Where is this warehouse located?
The property is located at 3380 NW 151st Terrace Miami Gardens, FL.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 6,700 SF warehouse footprint on a 12,000 SF lot; Two street‑level loading doors; 18’ clear ceiling height
