Condo Warehouse with Flexible
For Sale
$450,000
1005-1750 W 39th Pl, Hialeah, FL 33012
1,166 SF condo warehouse offers a flexible layout and sold as-is, with quick access to major expressways.
Property Size1,166 SF
Price / SF$385.93
Days on Market86
Property Features for 1005-1750 W 39th Pl
General Information
Standard status
Active
Size
1,166 SF
Additional Details
Highway Access
Yes
Warehouse Space
1,166 SF
Taxes and HOA fees
Annual Taxes
$4,131
Listing Agency:
Interinvestments Realty, Inc.
(305) 220-1101
Listed By:
Marcela Avila · License #3443205
(305) 834-5578
Source:
Exprealty
Added: Jun 22
Changed: Sep 15
Last Checked: Sep 15 at 1:36PM
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 Interinvestments Realty, Inc.
Investment Insights
Based on property information with market context.
This prime commercial/industrial condo warehouse offers a flexible layout suited for a range of commercial and industrial uses. The unit is listed at 1,166 SF and is sold as-is.
Located at 1005-1750 W 39th Pl in Hialeah, the property sits within a bustling shopping center environment. It is just minutes from W Okeechobee Rd and the 826 Palmetto Expressway, providing convenient regional access for logistics and day-to-day operations.
The property is positioned for a variety of business needs, including retail, office, storage, light manufacturing, warehousing, and e-commerce operations. Buyers are encouraged to independently verify square footage, permitted improvements, zoning, and intended use with the City of Hialeah Planning and Zoning Department.
Located at 1005-1750 W 39th Pl in Hialeah, the property sits within a bustling shopping center environment. It is just minutes from W Okeechobee Rd and the 826 Palmetto Expressway, providing convenient regional access for logistics and day-to-day operations.
The property is positioned for a variety of business needs, including retail, office, storage, light manufacturing, warehousing, and e-commerce operations. Buyers are encouraged to independently verify square footage, permitted improvements, zoning, and intended use with the City of Hialeah Planning and Zoning Department.
Key Highlights
- 1,166 SF condo warehouse with flexible layout
- Sold as‑is
- Address: 1005‑1750 W 39th Pl, Hialeah, FL
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
$16,072
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
3.57%
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%
$321,440
$321.4K
Cap Rate 7%
$229,600
$229.6K
Cap Rate 9%
$178,578
$178.6K
Market Conditions
NOI Build-Up for 1,166 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
$20.0K $17.16/SF
− Vacancy
−$1.1K −$0.94/SF
EGI
$18.9K $16.22/SF
− OpEx
−$2.8K −$2.43/SF
NOI
$16.1K $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%
$321,440
Cap Rate 7%
$229,600
Cap Rate 9%
$178,578
Alternative Uses
Best Use
Warehouse
$229.6K
$200.9K – $267.9K
NOI $16,072 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.9K
$401.6K – $535.4K
NOI $32,126 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
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
- Extra Space Storage — 2995 Okeechobee Rd, Hialeah, FL 33012, United States
- Valido Moving Company — 471 W 31st Pl, Hialeah, FL 33012
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- US Storage Centers — 3975 W 16th Ave, Hialeah, FL 33012, United States
Frequently Asked Questions
What type of property is this?
Warehouse - 1,166 SF condo warehouse offers a flexible layout and sold as-is, with quick access to major expressways.
Where is this warehouse located?
The property is located at 1005-1750 W 39th Pl Hialeah, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,166 SF condo warehouse with flexible layout; Sold as‑is; Address: 1005‑1750 W 39th Pl, Hialeah, FL
