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 Market184
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: Sep 7
Last Checked: Sep 9 at 9:39AM
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
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 = 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
$165,405
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
3.68%
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%
$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
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
$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 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%
$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.
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
Explore this area
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
Check the figures for this property
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.
