Manufacturing Warehouse with Docking
For Sale
$13,500,000
50 Northeast 179th Street, Miami, FL 33162
Manufacturing and warehouse property with multiple docking spaces and ample parking.
Property Size42,000 SF
Price / SF$321.43
Days on Market103
Property Features for 50 Northeast 179th Street
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Industrial
Building Details
Stories
1
Listing Agency:
Common Capital Partners, Inc.
Listed By:
Engin Yergin · License #BK3230990&BK3230989
(305) 949-9191
Source:
Commercialcafe
Added: May 25
Changed: Sep 4
Last Checked: Sep 1 at 8:10PM
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 property features a dock-height warehouse suitable for heavy manufacturing and power usage. It includes four internal docking spaces within the approximately 42,000-square-foot warehouse, along with two dock-height doors and one drive-in space in the 12,000-square-foot area. The property is equipped with sprinklers and includes office spaces. Ample parking is available. The site is totally fenced, with an additional fenced parking area separate from the buildings. The property is located near major highways, including I-95, the Turnpike, US-441, and Florida's Turnpike. There are two buildings on the site. The larger building, approximately 42,000 square feet, is available. The 12,000 square foot building is also available.
Key Highlights
- Dock height property with heavy manufacturing capabilities and ample power
- Strategic location with immediate access to major highways: I‑95, Turnpike, US‑441, Florida's Turnpike
- Large 42,000 sqft warehouse with 4 internal docking 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
$685,166
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
5.08%
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%
$13,703,320
$13.7M
Cap Rate 7%
$9,788,086
$9.8M
Cap Rate 9%
$7,612,956
$7.6M
Market Conditions
NOI Build-Up for 42,000 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
$846.7K $20.16/SF
− Vacancy
−$40.6K −$0.97/SF
EGI
$806.1K $19.19/SF
− OpEx
−$120.9K −$2.88/SF
NOI
$685.2K $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%
$13,703,320
Cap Rate 7%
$9,788,086
Cap Rate 9%
$7,612,956
Alternative Uses
Best Use
Warehouse
$9.79M
$8.56M – $11.42M
NOI $685,166 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$8.06M
$7.05M – $9.40M
NOI $564,254 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$28.35M
$24.81M – $33.08M
NOI $1,984,519 @ 7.0% cap · market cap 14.70%
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 - Manufacturing and warehouse property with multiple docking spaces and ample parking.
Where is this manufacturing property located?
The property is located at 50 Northeast 179th Street 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: Dock height property with heavy manufacturing capabilities and ample power; Strategic location with immediate access to major highways: I‑95, Turnpike, US‑441, Florida's Turnpike; Large 42,000 sqft warehouse with 4 internal docking spaces**
