5-Asset Warehouse
For Sale
$12,251,000
3650 NW 50th St, Miami, FL 33142
Multi-building industrial property with warehouse, office, and fully air-conditioned areas for varied operating requirements.
Property Size60,099 SF
Lot Size2.01 Acres
Price / SF$203.85
Days on Market108
Property Features for 3650 NW 50th St
General Information
Standard status
Active
Size
60,099 SF
Lot size
2.01 Acres
Property subtype
Warehouse
Zoning
M-1 / IU-1
Warehouse & Industrial
Clear Height
15 ft
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
60,099 SF industrial facility with ±12,759 SF of office space and ±25,530 SF of fully air-conditioned space
14.7'-15' Clear Height
6 Street-Level doors
8 Electric Meters & 5 Water Meters (supports potential multi-tenant configuration)
3-Phase Heavy Power (3,200 AMPS @ 240 Volts, 10,370 AMPS @ 480 Volts)
Properties can be sold separately.
Building Details
Building Size
60,099 SF
Year Built
1953
Buildings
5
Listing Agency:
Marcus & Millichap | Miami
(786) 522-7027
Listed By:
Jonathan De La Rosa · License #License(s): FL: SL3283433
(786) 522-7027
Source:
Marcusmillichap
Added: May 14
Changed: Aug 29
Last Checked: Aug 29 at 6:36PM
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 Marcus & Millichap | Miami
Investment Insights
Based on property information with market context.
This five-asset industrial portfolio combines 60,099 SF of improvements with an 87,358 SF lot. The buildings include warehouse, office, and fully air-conditioned areas, along with 14.7’–15’ clear heights, heavy 3-phase power, and multiple grade-level loading doors. The 1953 construction supports an established industrial configuration suited to manufacturing, distribution, showroom, and owner-user operations.
The property is positioned near SR 112, approximately ±2 miles from Miami International Airport and ±6 miles from the Port of Miami. Zoning is identified as M-1 / IU-1. The assemblage is located in an established infill industrial submarket with 200,000+ residents within 3 miles and limited new industrial development noted in the surrounding area.
The property is positioned near SR 112, approximately ±2 miles from Miami International Airport and ±6 miles from the Port of Miami. Zoning is identified as M-1 / IU-1. The assemblage is located in an established infill industrial submarket with 200,000+ residents within 3 miles and limited new industrial development noted in the surrounding area.
Key Highlights
- Five‑asset industrial warehouse portfolio
- 60,099 SF across an 87,358 SF lot
- 14.7’–15’ clear heights with multiple grade‑level loading doors
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
$980,423
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
8.00%
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%
$19,608,460
$19.6M
Cap Rate 7%
$14,006,043
$14.0M
Cap Rate 9%
$10,893,589
$10.9M
Market Conditions
NOI Build-Up for 60,099 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
$1.21M $20.16/SF
− Vacancy
−$58.2K −$0.97/SF
EGI
$1.15M $19.19/SF
− OpEx
−$173.0K −$2.88/SF
NOI
$980.4K $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%
$19,608,460
Cap Rate 7%
$14,006,043
Cap Rate 9%
$10,893,589
Alternative Uses
Best Use
Warehouse
$14.01M
$12.26M – $16.34M
NOI $980,423 @ 7.0% cap · market cap 8.00%
Second Best
Flex RnD
$12.59M
$11.02M – $14.69M
NOI $881,292 @ 7.0% cap · market cap 7.19%
Theoretical Best
Specialty Retail
$40.57M
$35.50M – $47.33M
NOI $2,839,705 @ 7.0% cap · market cap 23.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,573
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building industrial property with warehouse, office, and fully air-conditioned areas for varied operating requirements.
Where is this warehouse located?
The property is located at 3650 NW 50th St Miami, FL.
What is the asking price?
The asking price for this property is $12,251,000.
What are key features of this property?
This property features: Five‑asset industrial warehouse portfolio; 60,099 SF across an 87,358 SF lot; 14.7’–15’ clear heights with multiple grade‑level loading doors
