Dock-Height Industrial
50 NE 179th St Miami Gardens, FL 33162
For Sale
$13,500,000
Two fenced industrial buildings include multiple dock platforms and a drive-in ramp, with sprinklers and office space.
Property Size54,000 SF
Price / SF$250
Days on Market115
Property Features for 50 NE 179th St
General Information
- Standard status
- Active
- Size
- 54,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1967
Listing Agency:
Common Capital Partners, Inc.
(305) 949-9191
Listed By:
Engin Yergin · License #A11974833
Source:
Theelainegroup
Added: Apr 1
Changed: Jul 22
Last Checked: Jul 24 at 4:35AM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $991.4k | $18.36 |
| − Vacancy | −$54.5k | −$1.01 |
| EGI | $936.9k | $17.35 |
| − OpEx | −$140.5k | −$2.60 |
| NOI | $796.4k | $14.75 |
54,000 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$11.38M
$9.95M – $13.27M
NOI $796,374 @ 7.0% cap · market cap 5.90%
Second Best
Industrial
$9.37M
$8.20M – $10.93M
NOI $655,838 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$16.08M
$14.07M – $18.76M
NOI $1,125,358 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
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 NE 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.
