Hialeah Industrial Warehouse for
For Sale
$4,500,000
1040 E 26th St, Hialeah, FL 33013
Industrial warehouse in Hialeah, potential for rental income.
Property Size12,000 SF
Lot Size0.42 Acres
Days on Market229
Property Features for 1040 E 26th St
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.42 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$15,161
Building Details
Building Size
12,000 SF
Year Built
1952
Listing Agency:
One Sotheby's International Realty
Listed By:
Daniel Vera · License #A12074966
(786) 972-4883
Source:
Elliman
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 24 at 7:14PM
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 One Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial warehouse is located in the City of Hialeah. The property has been owner-occupied by a marine boating company for over 30 years. The warehouse can be divided into bays, offering potential for future rental income. The location is near a Tri-Rail station and adjacent to several upcoming developments. These include MG Developer's Metro Parc Hialeah, a planned three-tower, 10-story multi-family residential mixed-use apartment project with over 1,600 rental units; Strategic Properties & Continua Developments' Midtown Park, an upcoming 8-story residential apartment project with over 612 rental units; and The Bec Group's 1025 Metro & 1067 Motion, a future 10-story residential mixed-use apartment project with over 283 units. This property is suitable for an investor seeking to invest in a redeveloping city.
Key Highlights
- Located next to multiple large‑scale residential projects in a redeveloping area.
- Easily divisible into bays for future rental income.
- Positioned in a strategic location in Hialeah.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,405
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,308,100
$3.3M
Cap Rate 7%
$2,362,929
$2.4M
Cap Rate 9%
$1,837,833
$1.8M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$205.9K $17.16/SF
− Vacancy
−$11.3K −$0.94/SF
EGI
$194.6K $16.22/SF
− OpEx
−$29.2K −$2.43/SF
NOI
$165.4K $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 Rate 5%
$3,308,100
Cap Rate 7%
$2,362,929
Cap Rate 9%
$1,837,833
Alternative Uses
Best Use
Warehouse
$2.36M
$2.07M – $2.76M
NOI $165,405 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$1.95M
$1.70M – $2.27M
NOI $136,216 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,624 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33013, FL
31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse in Hialeah, potential for rental income.
Where is this warehouse located?
The property is located at 1040 E 26th St Hialeah, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Located next to multiple large‑scale residential projects in a redeveloping area.; Easily divisible into bays for future rental income.; Positioned in a strategic location in Hialeah.
