Commercial Kitchen and Warehouse
For Sale
$899,000
4960 NW 165th St B7, Miami Gardens, FL 33014
2,250 SF commercial kitchen/warehouse with cooler, freezer, and office.
Property Size2,250 SF
Price / SF$399.56
Days on Market152
Property Features for 4960 NW 165th St B7
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,104
Building Details
Building Size
2,250 SF
Year Built
2005
Listing Agency:
Industrial Advisors
(786) 600-7434
Listed By:
Tommy Gil · License #3041739
(786) 600-7434
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
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 Industrial Advisors
Investment Insights
Based on property information with market context.
This 2,250 square foot commercial kitchen and warehouse property is located at 4960 NW 165 Street, Unit B7, Miami Lakes, Florida. Designed for food production and related uses, the property includes infrastructure to support immediate operations. Features include a fully air-conditioned warehouse, a 170 square foot cooler, and a 94 square foot freezer. It is equipped with a grease trap and exhaust hoods. The layout incorporates approximately 560 square feet of office space. The property also features an 18-foot ceiling height and one street-level loading door. Seven assigned parking spaces are included. The site provides convenient access to I-75, SR 826, and the Gratigny Expressway. Miami International Airport and Opa-Locka Executive Airport are nearby.
Key Highlights
- Turnkey commercial kitchen and warehouse (2,250 SF) ready for immediate food production operations.
- Includes essential infrastructure: 170 SF cooler, 94 SF freezer, grease trap, and exhaust hoods.
- Convenient access to I‑75, SR 826, and the Gratigny Expressway, near Miami International and Opa‑Locka Airports.
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
$33,182
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
3.69%
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%
$663,640
$663.6K
Cap Rate 7%
$474,029
$474.0K
Cap Rate 9%
$368,689
$368.7K
Market Conditions
NOI Build-Up for 2,250 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
$41.3K $18.36/SF
− Vacancy
−$2.3K −$1.01/SF
EGI
$39.0K $17.35/SF
− OpEx
−$5.9K −$2.60/SF
NOI
$33.2K $14.75/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /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%
$663,640
Cap Rate 7%
$474,029
Cap Rate 9%
$368,689
Alternative Uses
Best Use
Warehouse
$474.0K
$414.8K – $553.0K
NOI $33,182 @ 7.0% cap · market cap 3.69%
Second Best
Specialty Retail
$442.0K
$386.8K – $515.7K
NOI $30,942 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$669.9K
$586.1K – $781.5K
NOI $46,890 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
Explore this area
Business Placement
Demographics for 33014, FL
40,261
Population
15,319
Households
2.6
Avg Household Size
43
Median Age
29%
College-Educated
84%
High-School Grad
6.5 sq mi
ZIP Area
6,194
Density / Sq Mi
$74,934
Median Household Income
$40,003
Median Earnings
$1,720
Median Rent
$398,400
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?
Commercial kitchen - 2,250 SF commercial kitchen/warehouse with cooler, freezer, and office.
Where is this commercial kitchen located?
The property is located at 4960 NW 165th St B7 Miami Gardens, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Turnkey commercial kitchen and warehouse (2,250 SF) ready for immediate food production operations.; Includes essential infrastructure: **170 SF cooler, 94 SF freezer, grease trap, and exhaust hoods.**; Convenient access to I‑75, SR 826, and the Gratigny Expressway, near Miami International and Opa‑Locka Airports.
