Miami industrial and warehouse cap rates
Miami-Dade County · Updated September 2026
Current range
5.00% – 6.25%
Industrial land in Doral and Medley trades at $65 to $90 per square foot, which puts a floor under older buildings.
Typical expenses
15%
of collected income, paid by the owner
What moves a industrial and warehouse property within the range
- Clear height, loading and truck court. Modern functionality commands the lowest cap rates.
- Location near the airport, the Palmetto and the Turnpike.
- Rents against the market. Many older leases are far below today's rents.
- Location and age. Core neighborhoods trade about 0.25% tighter, outer markets about 0.50% wider, and buildings from before 1980 about 0.25% wider.
What a quarter point is worth
Take a industrial and warehouse property with $500,000 of net operating income. At today’s range, every 0.25% change in cap rate moves its value by about $378,251.
| Cap rate | Value at $500,000 NOI |
|---|---|
| 4.75% | $10,526,316 |
| 5.00% | $10,000,000 |
| 5.63% | $8,880,995 |
| 6.25% | $8,000,000 |
| 6.50% | $7,692,308 |
Questions
What is a good cap rate for industrial and warehouse in Miami?
Stabilized industrial and warehouse properties in Miami-Dade are trading at 5.00% to 6.25%. A lower cap rate means a higher price for the same income. Whether a given cap rate is good depends on whether you are buying or selling.
How do I calculate the value of a industrial and warehouse property?
Divide the net operating income by the cap rate. A property netting $500,000 a year at a 5.63% cap rate is worth about $8,888,889.
What expenses come out of net operating income?
Property taxes, insurance, repairs, management, utilities the owner pays and reserves. Not the mortgage. For industrial and warehouse, owner-paid expenses typically run about 15% of collected income.
Other property types: Multifamily (10+ units) · Small multifamily (2–9 units) · Retail / strip center · Single-tenant net lease · Office · Medical office · Mixed use · Self storage · Hotel / motel · Auto service / gas. Land values by neighborhood: see the table.
What is your industrial and warehouse property worth?
Enter your address and we pull the county record. Add your rent and expenses and you will see your cap rate and value range against today's industrial and warehouse market. It is free.
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