For Sale
$13,500,000
50 NE 179Th St, Miami, FL 33162
Miami Golden Glades Interchange Warehouses
Property Size54,062 SF
Lot Size2.50 Acres
Price / SF$249.71
Days on Market147
Property Features for 50 NE 179Th St
General Information
Standard status
Active
Property type
Manufacturing properties, Warehouses, Distribution centers, Industrial properties
Size
54,062 SF
Net Rentable
54,062 SF
Total Parking Spaces
70
Elevators
No
Lot size
2.50 Acres
Investment Type
Sale/leaseback
Building Details
Year Built
1967
Buildings
2
Stories
1
Units
2
Listed By:
Engin Yergin
(305) 949-9191
Added: May 15
Investment Insights
Based on property information with market context.
Key Highlights
- All Spinklered
- 20' & 24" Clear Ceiling Heights
- Fenced lot and Parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$881,939
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,638,780
$17.6M
Cap Rate 7%
$12,599,129
$12.6M
Cap Rate 9%
$9,799,322
$9.8M
Market Conditions
NOI Build-Up for 54,062 SF
Gross rent
$1.09M $20.16/SF
− Vacancy
−$52.3K −$0.97/SF
EGI
$1.04M $19.19/SF
− OpEx
−$155.6K −$2.88/SF
NOI
$881.9K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,638,780
Cap Rate 7%
$12,599,129
Cap Rate 9%
$9,799,322
Alternative Uses
Best Use
Warehouse
$12.60M
$11.02M – $14.70M
NOI $881,939 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$10.38M
$9.08M – $12.11M
NOI $726,303 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$36.49M
$31.93M – $42.57M
NOI $2,554,454 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Miami Golden Glades Interchange Warehouses
Where is this manufacturing property located?
The property is located at 50 NE 179Th St Miami, 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: All Spinklered; 20' & 24" Clear Ceiling Heights; Fenced lot and Parking
