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 Market154
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
Listed By:
Jonathan De La Rosa · License #License(s): FL: SL3283433
(786) 522-7027
Source:
Marcusmillichap
Added: May 14
Changed: Oct 13
Last Checked: Oct 12 at 4:54PM
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
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 / Yr
$980,423
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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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 - 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
