Warehouse with Loading
For Sale
$1,000,000
3771 NW 51st Street #3771-B, Hialeah, FL 33142
M-1 industrial zoning accommodates warehousing, distribution, and light industrial operations.
Property Size3,127 SF
Price / SF$319.80
Days on Market42
Property Features for 3771 NW 51st Street #3771-B
General Information
Standard status
Active
Size
3,127 SF
Total Parking Spaces
4
Zoning
7100
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
3,127 SF
Three-Phase Power
No
Taxes and HOA fees
Annual Taxes
$5,902
Building Details
Building Size
3,127 SF
Year Built
1949
Listing Agency:
One Stop Realty
(786) 252-7499
Listed By:
Marcos Anton · License #3265885
(786) 252-7499
Source:
Laerrealty
Added: Jul 22
Changed: Aug 31
Last Checked: Aug 31 at 12:49PM
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 One Stop Realty
Investment Insights
Based on property information with market context.
This 3,127-square-foot warehouse provides a practical configuration for storage, distribution, or light industrial operations. The space includes a loading dock and 16-foot ceilings, while the property does not have 3-phase electricity. The premises were built in 1949 and are currently available.
Located at 3771 NW 51st Street #3771B in Hialeah, Florida, the property carries M-1-INDUSTRIAL DISTRICT zoning. Showings are available through the listing agent.
Located at 3771 NW 51st Street #3771B in Hialeah, Florida, the property carries M-1-INDUSTRIAL DISTRICT zoning. Showings are available through the listing agent.
Key Highlights
- 3,127 square feet of warehouse space
- Loading dock for receiving and shipping
- 16' 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
$43,102
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
4.31%
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%
$862,040
$862.0K
Cap Rate 7%
$615,743
$615.7K
Cap Rate 9%
$478,911
$478.9K
Market Conditions
NOI Build-Up for 3,127 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
$53.7K $17.16/SF
− Vacancy
−$3.0K −$0.94/SF
EGI
$50.7K $16.22/SF
− OpEx
−$7.6K −$2.43/SF
NOI
$43.1K $13.78/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /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%
$862,040
Cap Rate 7%
$615,743
Cap Rate 9%
$478,911
Alternative Uses
Best Use
Warehouse
$615.7K
$538.8K – $718.4K
NOI $43,102 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$507.1K
$443.7K – $591.6K
NOI $35,496 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,155 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Balanced
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 South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - M-1 industrial zoning accommodates warehousing, distribution, and light industrial operations.
Where is this warehouse located?
The property is located at 3771 NW 51st Street #3771-B Hialeah, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,127 square feet of warehouse space; Loading dock for receiving and shipping; 16' ceiling height
