Manufacturing Building with Rail
For Sale
$1,750,000
5 NW 3rd, Dania Beach, FL 33004
Rear rail connectivity supports logistics and light manufacturing operations.
Property Size5,132 SF
Price / SF$340
Days on Market221
Property Features for 5 NW 3rd
General Information
Standard status
Active
Size
5,132 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Rail Access
Yes
Taxes and HOA fees
Annual Taxes
$18,290
Amenities
Central air
Corner Lot
Concrete Flooring
Concrete Roof
Free Parking
Irregular Lot
Wall/Window Units Cooling
Building Details
Year Built
1957
Listing Agency:
AXIS REALTY ADVISORS, INC, ADAM P. VON ROMER
Listed By:
CCIM · License #B26035148
Source:
Corcoran
Added: Jan 21
Changed: Aug 29
Last Checked: Aug 29 at 4:44PM
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, ADAM P. VON ROMER
Investment Insights
Based on property information with market context.
This 5,132-square-foot manufacturing building was constructed in 1957 and includes direct rail access at the rear. The property offers a practical industrial layout suited to logistics and light manufacturing, with approximately 10 on-site parking spaces supporting daily operations.
The building is located at 5 NW 3rd in Dania Beach, Florida, within Broward County. A fire station sits directly across the street. The combination of an existing industrial building, rear rail connection, and on-site parking provides functional infrastructure for an owner-user or investor evaluating manufacturing space.
The building is located at 5 NW 3rd in Dania Beach, Florida, within Broward County. A fire station sits directly across the street. The combination of an existing industrial building, rear rail connection, and on-site parking provides functional infrastructure for an owner-user or investor evaluating manufacturing space.
Key Highlights
- Direct rail access at the rear of the building
- 5,132 SF manufacturing building
- Approximately 10 on‑site parking spaces
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
$55,403
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
3.17%
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%
$1,108,060
$1.1M
Cap Rate 7%
$791,471
$791.5K
Cap Rate 9%
$615,589
$615.6K
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
−$23.7K −$4.63/SF
NOI
$55.4K $10.80/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
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%
$1,108,060
Cap Rate 7%
$791,471
Cap Rate 9%
$615,589
Alternative Uses
Best Use
Industrial
$791.5K
$692.5K – $923.4K
NOI $55,403 @ 7.0% cap · market cap 3.17%
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Rear rail connectivity supports logistics and light manufacturing operations.
Where is this manufacturing property located?
The property is located at 5 NW 3rd 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: Direct rail access at the rear of the building; 5,132 SF manufacturing building; Approximately 10 on‑site parking spaces
