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    3771 51St St Miami, FL 33142
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    3771 51St St, Miami, FL 33142

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    • Manufacturing properties
    • 5,147 SF
    For Lease
    $0.07 SF/Yr
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    Hialeah Warehouse: 3127 sq ft For Lease
    $0.07 SF/Yr

    Hialeah Warehouse: 3127 sq ft

    Single-tenant warehouse, ideal for various uses.

    3771 51St St, Miami, FL 33142
    View Listing
    Property ID
    US18-3912958
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A&j A/C & Auto Repair / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Another Garage & Gate Inc / General Contractor / Construction Company
    • Across America Media / Publishing House

    Property Details for 3771 51St St

    Year built
    1949
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    04-3120-063-0010
    APU
    431200630010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 1, 2025 $980,000 Simba Real Estate LLC Ilc Hialeah Investment LLC Warranty Deed —
    Sep 23, 2014 $200,000 Ilc Hialeah Investment LLC A-1-a Garage Door Mfg INC Grant Deed —
    — — Ilc Hialeah Investment LLC — Deed Of Trust · related $1.8M · Cs Aviation Consultants INC

    Description

    This exceptional 3,127-square-foot warehouse, located at 3771 NW 51st St #B in Hialeah, Florida, presents a fantastic opportunity for businesses seeking efficient and functional space. The property is a single-tenant building, offering complete privacy and control. The warehouse boasts high ceilings, perfect for maximizing storage and operational efficiency. A convenient loading dock ensures seamless loading and unloading of goods, streamlining logistical operations. The property also features ample parking with four designated spaces, providing convenient access for employees and clients. Situated in Hialeah, FL, zip code 33142, this warehouse benefits from a strategic location within the Miami metropolitan area. The zoning classification is 7100. The property's APN is 04-31-20-063-0020. This one-story building offers a secure environment, ideal for various industrial uses, including warehousing, distribution, or light industrial operations. The property's size and features make it a versatile option for a range of businesses seeking a well-maintained and functional space. This is a single-tenant property with no additional suites within the building. Contact us to explore the possibilities of making this warehouse your next business location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $662,000
      Market price range: $662k - $1.67M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,195,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2584
    Latitude
    25.8208
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,153
    $0.00
    $0.00
    $411,760
    -
    $0.00
    $0.00
    $411,760

    Comparable in this City

    • Value Estimation
      $1,175,000
      9,000 SF

      3270 38th St

      MANUFACTURING (LIGHT)
      3270 38th St, Miami, FL 33142-5032
      View Details
    • Value Estimation
      $1,875,000
      14,442 SF

      3048 39th St

      MANUFACTURING (LIGHT)
      3048 39th St, Miami, FL 33142
      View Details
    • Value Estimation
      $760,000
      5,224 SF

      3300 48th St

      FOOD PROCESSING
      3300 48th St, Miami, FL 33142-3326
      View Details
    • Value Estimation
      $1,400,000
      12,780 SF

      3661 48th Ter

      MANUFACTURING (LIGHT)
      3661 48th Ter, Miami, FL 33142-3923
      View Details
    • Value Estimation
      $670,000
      4,875 SF

      3630 49th St

      MANUFACTURING (LIGHT)
      3630 49th St, Miami, FL 33142-3928
      View Details
    • Value Estimation
      $1,265,000
      9,200 SF

      4300 37th Ave

      MANUFACTURING (LIGHT)
      4300 37th Ave, Miami, FL 33142-4226
      View Details

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    View Listing
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    Miami, FL 33142
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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