Mixed-Use Property with
New
For Sale
$2,199,000
3595 NW 54th St, Hialeah, FL 33142
Leased commercial property combines warehouse and restaurant improvements in a single income-producing asset.
Property Size8,364 SF
Lot Size0.42 Acres
Price / SF$262.91
Days on Market3
Property Features for 3595 NW 54th St
General Information
Standard status
Active
Size
8,364 SF
Lot size
0.42 Acres
Property subtype
Industrial
Occupancy
100%
Warehouse & Industrial
Warehouse Space
5,000 SF
Dock-High Doors
3
Building Details
Building Size
8,364 SF
Year Built
1951
Listing Agency:
Canvas Real Estate
(786) 210-1662
Listed By:
Mariela Lopez Pena · License #3528718
(786) 210-1662
Source:
Elliman
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 15 at 6:06AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
Located at 3595 NW 54th St in Hialeah, this mixed-use commercial property includes 8,364 SF of improvements on an approximately 18,500 SF lot. The building combines nearly 5,000 SF of warehouse area with three high dock doors and approximately 3,000 SF of restaurant space. Constructed in 1951, the property offers two distinct commercial components within one asset.
Both the warehouse and restaurant areas are currently leased, providing in-place rental income. The property’s combined industrial and restaurant configuration supports a range of commercial operations while maintaining separate functional areas for each use.
Both the warehouse and restaurant areas are currently leased, providing in-place rental income. The property’s combined industrial and restaurant configuration supports a range of commercial operations while maintaining separate functional areas for each use.
Key Highlights
- 8,364 SF of total improvements on an approximately 18,500 SF lot
- Nearly 5,000 SF of warehouse space
- Three high dock doors serving the warehouse area
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
$168,016
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
7.64%
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%
$3,360,320
$3.4M
Cap Rate 7%
$2,400,229
$2.4M
Cap Rate 9%
$1,866,844
$1.9M
Market Conditions
NOI Build-Up for 8,364 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
$240.9K $28.80/SF
− Vacancy
−$16.9K −$2.02/SF
EGI
$224.0K $26.78/SF
− OpEx
−$56.0K −$6.70/SF
NOI
$168.0K $20.09/SF
Area
Hialeah, FL
Vacancy
7.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
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%
$3,360,320
Cap Rate 7%
$2,400,229
Cap Rate 9%
$1,866,844
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,016 @ 7.0% cap · market cap 7.64%
Second Best
Warehouse
$1.65M
$1.44M – $1.92M
NOI $115,287 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,445 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased commercial property combines warehouse and restaurant improvements in a single income-producing asset.
Where is this mixed-use property located?
The property is located at 3595 NW 54th St Hialeah, FL.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 8,364 SF of total improvements on an approximately 18,500 SF lot; Nearly 5,000 SF of warehouse space; Three high dock doors serving the warehouse area
