Industrial Building with Rear Rail
5 NW 3rd Avenue Dania Beach, FL 33004
5 NW 3rd Avenue, Dania Beach, FL, 33004
$1,750,000
For Sale
$1,750,000
Built in 1957 with rear rail connection and parking for about 10 vehicles, suited for logistics or light manufacturing.
Property Size5,132 SF
Price / SF$340
Days on Market47
Property Features for 5 NW 3rd Avenue
General Information
- Standard status
- Active
- Size
- 5,132 SF
Building Details
- Year Built
- 1957
Listing Agency
Axis Realty Advisors, INC
(954) 495-1818
Listed by
Adam Von Romer, CCIM
(954) 495-1818
Source
Laerrealty
Added: Jun 4 Updated: Jul 10 at 3:59 pm Checked: Jul 19 at 6:44 am
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 Axis Realty Advisors, INC
Investment Insights
Based on property information with market context.
This 1957-built industrial building contains approximately 5,132 SF and is configured for practical distribution and light production uses, including logistics and light manufacturing. A key feature is direct rear rail access, providing an on-site rail connection that supports shipping and receiving operations from the back of the building.
The property is located at 5 NW 3rd Avenue in Dania Beach, Florida. On-site parking is available for approximately 10 vehicles. A fire station is directly across the street.
For tenants, buyers, and operators seeking functional industrial space with rail service at the rear, the building’s layout and rail access are designed to support day-to-day freight movement and operational continuity. It may also appeal to owner-users looking to manage their occupancy needs with a straightforward industrial setup, or to investors seeking an industrial asset with a concrete infrastructure feature in an established Broward County location.
The property is located at 5 NW 3rd Avenue in Dania Beach, Florida. On-site parking is available for approximately 10 vehicles. A fire station is directly across the street.
For tenants, buyers, and operators seeking functional industrial space with rail service at the rear, the building’s layout and rail access are designed to support day-to-day freight movement and operational continuity. It may also appeal to owner-users looking to manage their occupancy needs with a straightforward industrial setup, or to investors seeking an industrial asset with a concrete infrastructure feature in an established Broward County location.
Key Highlights
- Built in 1957, offering 5,132 SF of industrial space with a practical layout
- Direct rear rail access provides dedicated rail connectivity from the building’s rear
- On‑site parking for approximately 10 vehicles to support daily operations
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.8k | $16.32 |
| − Vacancy | −$4.6k | −$0.90 |
| EGI | $79.1k | $15.42 |
| − OpEx | −$11.9k | −$2.31 |
| NOI | $67.3k | $13.11 |
5,132 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$961.1K
$841.0K – $1.12M
NOI $67,276 @ 7.0% cap · market cap 3.84%
Second Best
Industrial
$791.5K
$692.5K – $923.4K
NOI $55,403 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,258 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Millennium Shoes Used ...
Clothing & Fashion Store
Caribeall
Department Store
Similar For Sale Nearby
Similar Off Market Nearby
- DAUERFLORA USA, Inc. — 74 SW 12th Ave #103, Dania Beach, FL 33004
- Life Storage — 850 Stirling Rd, Dania Beach, FL 33004
- Handy Storage Dania Beach — 420 Stirling Rd, Dania Beach, FL 33004
- Stanley Penn Hay & Grain — 97 SW 3rd Ave, Dania Beach, FL 33004
- Fast Wrap USA South Florida — 46 SW 7th St, Dania Beach, FL 33004
FAQs
What type of property is this?
Warehouse - Built in 1957 with rear rail connection and parking for about 10 vehicles, suited for logistics or light manufacturing.
Where is this warehouse located?
The property is located at 5 NW 3rd Avenue Dania Beach, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Built in 1957, offering 5,132 SF of industrial space with a practical layout; Direct rear rail access provides dedicated rail connectivity from the building’s rear; On‑site parking for approximately 10 vehicles to support daily operations
