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 Market101
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
Listing Agency:
(305) 949-9191
Listed By:
Engin
(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 = 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
$881,939
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
6.53%
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%
$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
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
$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 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%
$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
Property Profile
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
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
