Dock-Height Industrial
For Sale
$13,500,000
50 179th St, Miami Gardens, FL 33162
Two fenced industrial buildings include multiple dock platforms and a drive-in ramp, with sprinklers and office space.
Property Size54,062 SF
Price / SF$249.71
Days on Market147
Property Features for 50 179th St
General Information
Standard status
Active
Size
54,062 SF
Property subtype
General Commercial
Zoning
Heavy Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Dock-High Doors
6
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Amenities
3
70 Parking Spaces.
Building Details
Year Built
1967
Listing Agency:
Common Capital Partners, Inc.
(305) 949-9191
Listed By:
Engin Yergin · License #BK3230990&BK3230989
(305) 949-9191
Source:
Xome
Added: Mar 30
Changed: Aug 23
Last Checked: Aug 23 at 2:23AM
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 Common Capital Partners, Inc.
Investment Insights
Based on property information with market context.
This dock-height industrial complex includes two buildings on a fenced property, with the larger structure at approximately 42,000 square feet and a smaller building at approximately 12,000 square feet. The site features four dock platforms inside the large building, additional dock-height loading on the smaller buildings, and a drive-in ramp. The buildings are equipped with sprinklers and include office space.
The property is located in the city of Miami Gardens within heavy industrial zoning and sits in an area described as being in the midst of major highways, including I-95, the Turnpike, and US-441.
Additional parking is available and is fenced separately from the buildings. The property is described as easy to show and includes on-site parking throughout the fenced areas.
The property is located in the city of Miami Gardens within heavy industrial zoning and sits in an area described as being in the midst of major highways, including I-95, the Turnpike, and US-441.
Additional parking is available and is fenced separately from the buildings. The property is described as easy to show and includes on-site parking throughout the fenced areas.
Key Highlights
- Two fenced industrial buildings totaling approximately 54,000 SF: 42,000 SF (larger) and 12,000 SF (smaller).
- Dock height setup with 4 interior docking platforms in the larger building, plus 2 dock height in the smaller buildings.
- Includes a drive‑in ramp for vehicle access.
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
$656,591
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
4.86%
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%
$13,131,820
$13.1M
Cap Rate 7%
$9,379,871
$9.4M
Cap Rate 9%
$7,295,456
$7.3M
Market Conditions
NOI Build-Up for 54,062 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
$992.6K $18.36/SF
− Vacancy
−$54.6K −$1.01/SF
EGI
$938.0K $17.35/SF
− OpEx
−$281.4K −$5.21/SF
NOI
$656.6K $12.15/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /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%
$13,131,820
Cap Rate 7%
$9,379,871
Cap Rate 9%
$7,295,456
Alternative Uses
Best Use
Industrial
$9.38M
$8.21M – $10.94M
NOI $656,591 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.10M
$14.08M – $18.78M
NOI $1,126,650 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
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 - Two fenced industrial buildings include multiple dock platforms and a drive-in ramp, with sprinklers and office space.
Where is this manufacturing property located?
The property is located at 50 179th St Miami Gardens, FL.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Two fenced industrial buildings totaling approximately 54,000 SF: 42,000 SF (larger) and 12,000 SF (smaller).; Dock height setup with 4 interior docking platforms in the larger building, plus 2 dock height in the smaller buildings.; Includes a drive‑in ramp for vehicle access.
