Industrial Warehouse with
For Sale
Contact for pricing
3520 NW 51st Street, Miami, FL 33142
The facility has multiple restrooms and parking directly outside.
Property Size10,000 SF
Price / SF$1.20
Days on Market36
Property Features for 3520 NW 51st Street
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Building Details
Year Built
1954
Listing Agency:
Coldwell Banker Realty
(305) 253-2800
Listed By:
Raoul E Lopez · License #3217797
(305) 788-5309
Source:
Lehmannflorida
Added: Sep 15
Changed: Oct 19
Last Checked: Oct 19 at 9:51AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 10,000-square-foot, freestanding warehouse in Miami has a street-level layout, 12-foot clearance at the door, a small office and several restrooms. The roof is newer, and the building dates to 1954. Parking is located directly in front of the property at 3520 NW 51st Street.
Key Highlights
- 10,000‑square‑foot freestanding industrial warehouse
- 12‑foot clearance at the door
- Small office and several restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,135
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,262,700
$3.3M
Cap Rate 7%
$2,330,500
$2.3M
Cap Rate 9%
$1,812,611
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$201.6K $20.16/SF
− Vacancy
−$9.7K −$0.97/SF
EGI
$191.9K $19.19/SF
− OpEx
−$28.8K −$2.88/SF
NOI
$163.1K $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 Rate 5%
$3,262,700
Cap Rate 7%
$2,330,500
Cap Rate 9%
$1,812,611
Alternative Uses
Best Use
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,135 @ 7.0% cap · market cap 1,359.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.75M
$5.91M – $7.88M
NOI $472,505 @ 7.0% cap · market cap 3,937.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,393
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - The facility has multiple restrooms and parking directly outside.
Where is this warehouse located?
The property is located at 3520 NW 51st Street Miami, FL.
What are key features of this property?
This property features: 10,000‑square‑foot freestanding industrial warehouse; 12‑foot clearance at the door; Small office and several restrooms
