Building Details

Building Size 3,127 SF

Year Built 1949

Listing Agency: One Stop Realty

Listed By: Marcos Anton · License #3265885 Show Phone

Source: Laerrealty

Added: Mar 10 Changed: Oct 26 Last Checked: Oct 30 at 11:40AM

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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

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Investment Insights

Based on property information with market context.

This 3,127-square-foot warehouse space offers functionality and flexibility. The property features high ceilings and a convenient loading dock. It is suitable for warehousing, distribution, or light industrial use. The premises are secure. The ceiling height is 16 feet. The zoning code is M-1-INDUSTRIAL DISTRICT. The property is available now.

Key Highlights

• 3,127 sq ft warehouse space ideal for warehousing, distribution, or light industrial use.
• High ceilings (16' height) provide ample vertical storage space.**
• Convenient loading dock facilitates efficient loading and unloading.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,102

Cap Rate

4.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$862,040 $862.0K

Cap Rate 7%

$615,743 $615.7K

Cap Rate 9%

$478,911 $478.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,127 SF

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 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 (±1% cap)

NOI $43,102 @ 7.0% cap · market cap 4.31%

Second Best

Industrial

$507.1K

$443.7K – $591.6K (±1% cap)

NOI $35,496 @ 7.0% cap · market cap 3.55%

Theoretical Best

Office A

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,155 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - 3,127 sq ft warehouse with loading dock in Hialeah.

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 sq ft warehouse space ideal for warehousing, distribution, or light industrial use.; High ceilings (16' height) provide ample vertical storage space.**; Convenient loading dock facilitates efficient loading and unloading.**