Corner Industrial
For Sale
$5,250,000
455 E 10th Ave, Hialeah, FL 33010
Commercial Sale, Hialeah, FL
Property Size20,983 SF
Lot Size0.80 Acres
Price / SF$250.20
Days on Market46
Property Features for 455 E 10th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7100
Subdivision
31
Standard status
Active
APN
04-31-17-000-0145
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
17 53 41 .63 AC BEG NW COR SE1/4 OF SE1/4 S150.95FT E182.07FT N150.86FT W182.07FT TO POB LOT SIZE 27443 SQUARE FEET OR 23552-3764 06 2005 2
Legal Description
17 53 41 .63 AC BEG NW COR SE1/4 OF SE1/4 S150.95FT E182.07FT N150.86FT W182.07FT TO POB LOT SIZE 27443 SQUARE FEET OR 23552-3764 06 2005 2
Building Details
Year built
1959
Listing Agency:
Trustpoint Realty, LLC.
(305) 200-0348
Listed By:
Joseph Suarez · License #3366522
(305) 200-0348
Added: Jul 16
Changed: Aug 20
Last Checked: Aug 30 at 9:06AM
MLS# A12025448
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant industrial warehouse at 455 E 10th Ave contains approximately 20,983 square feet on a 0.797-acre corner parcel. Built in 1959, the property offers 19-foot ceilings, 3-phase power, three grade-level doors, one interior loading dock well, three street-level access doors, and on-site parking. A recently completed 40-year structural recertification adds current building documentation for prospective users.
The property is located in Hialeah's industrial corridor, with connectivity to major transportation routes, Miami International Airport, Port Miami, and surrounding business activity. Light Industrial (7100) zoning supports warehousing, distribution, light manufacturing, and storage uses. The site is currently vacant following the prior tenant's departure and is also described as capable of supporting development of up to 50 residential units across up to 8 floors.
The property is located in Hialeah's industrial corridor, with connectivity to major transportation routes, Miami International Airport, Port Miami, and surrounding business activity. Light Industrial (7100) zoning supports warehousing, distribution, light manufacturing, and storage uses. The site is currently vacant following the prior tenant's departure and is also described as capable of supporting development of up to 50 residential units across up to 8 floors.
Key Highlights
- Approximately 20,983 SF industrial building on a 0.797‑acre corner lot
- Light Industrial (7100) zoning
- 19‑foot ceilings and 3‑phase power
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
$289,225
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
5.51%
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%
$5,784,500
$5.8M
Cap Rate 7%
$4,131,786
$4.1M
Cap Rate 9%
$3,213,611
$3.2M
Market Conditions
NOI Build-Up for 20,983 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
$360.1K $17.16/SF
− Vacancy
−$19.8K −$0.94/SF
EGI
$340.3K $16.22/SF
− OpEx
−$51.0K −$2.43/SF
NOI
$289.2K $13.78/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /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%
$5,784,500
Cap Rate 7%
$4,131,786
Cap Rate 9%
$3,213,611
Alternative Uses
Best Use
Warehouse
$4.13M
$3.62M – $4.82M
NOI $289,225 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$3.40M
$2.98M – $3.97M
NOI $238,185 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$8.26M
$7.23M – $9.64M
NOI $578,124 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,715
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- GRM Information Management — 4495 NW 37th Ave, Miami, FL 33142
- Hialeah Multi-Bay Warehouse Park — SE 10th Ave, Hialeah, FL 33010
- Prime Storage — 1000 Hialeah Dr, Hialeah, FL 33010
- Self Storage Near 33142, FL — 3621 NW 54th St, Miami, FL 33142
- Self Storage — 3621 nw 54th st, miami, fl 33142
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial building with Light Industrial zoning, loading infrastructure, and access for warehousing, distribution, manufacturing, and storage.
Where is this warehouse located?
The property is located at 455 E 10th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Approximately 20,983 SF industrial building on a 0.797‑acre corner lot; Light Industrial (7100) zoning; 19‑foot ceilings and 3‑phase power
