Industrial Building with Rear Rail
For Sale
$1,750,000
Pending
5 NW 3rd Avenue, Dania Beach, FL 33004
Built in 1957 with rear rail connection and parking for about 10 vehicles, suited for logistics or light manufacturing.
Property Size5,132 SF
Days on Market93
Property Features for 5 NW 3rd Avenue
General Information
Standard status
Pending
Size
5,132 SF
Total Parking Spaces
10
Zoning
CC
Taxes and HOA fees
Annual Taxes
$18,291
Building Details
Building Size
5,132 SF
Year Built
1957
Buildings
1
Stories
1
Listing Agency:
Axis Realty Advisors, INC
Listed By:
Adam Von Romer, CCIM · License #BK-575531
(954) 495-1818
Source:
Laerrealty
Added: Jun 4
Changed: Aug 27
Last Checked: Aug 14 at 7:27AM
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
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
$67,276
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
3.84%
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%
$1,345,520
$1.3M
Cap Rate 7%
$961,086
$961.1K
Cap Rate 9%
$747,511
$747.5K
Market Conditions
NOI Build-Up for 5,132 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
$83.8K $16.32/SF
− Vacancy
−$4.6K −$0.90/SF
EGI
$79.1K $15.42/SF
− OpEx
−$11.9K −$2.31/SF
NOI
$67.3K $13.11/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$1,345,520
Cap Rate 7%
$961,086
Cap Rate 9%
$747,511
Alternative Uses
Best Use
Warehouse
$961.1K
$841.0K – $1.12M
NOI $67,276 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33004, FL
16,162
Population
9,427
Households
1.7
Avg Household Size
45
Median Age
34%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$50,783
Median Household Income
$41,540
Median Earnings
$1,616
Median Rent
$336,200
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.
Similar Off Market Nearby
- Fast Wrap USA South Florida — 46 SW 7th St, Dania Beach, FL 33004
- 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
Frequently Asked Questions
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
