Hialeah Warehouse Near Transit
For Sale
Contact for pricing
1050 E 24th St, Hialeah, FL
7,800 SF warehouse with heavy power and new roof.
Property Size7,800 SF
Lot Size0.30 Acres
Price / SF$260.26
Days on Market452
Property Features for 1050 E 24th St
General Information
Standard status
Active
Size
7,800 SF
Lot size
0.30 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Casal Group
(305) 591-3606
Listed By:
Ernesto Casal · License #BK6573776
Source:
Moodyscre
Added: Jun 10, 2025
Changed: Aug 16
Last Checked: Sep 1 at 11:08PM
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 Casal Group
Investment Insights
Based on property information with market context.
This 7,800 square foot warehouse is located in Hialeah, Florida. The property benefits from M-1 zoning and features heavy 3-phase power. A new roof was installed in 2023. The property is located 0.2 miles from the Metrorail & Tri Rail Station.
Key Highlights
- Just 0.2 Miles to Metrorail & Tri Rail Station
- Zoning: M‑1 Hialeah
- Heavy 3‑Phase Power available
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
$107,513
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
5.30%
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%
$2,150,260
$2.2M
Cap Rate 7%
$1,535,900
$1.5M
Cap Rate 9%
$1,194,589
$1.2M
Market Conditions
NOI Build-Up for 7,800 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
$133.8K $17.16/SF
− Vacancy
−$7.4K −$0.94/SF
EGI
$126.5K $16.22/SF
− OpEx
−$19.0K −$2.43/SF
NOI
$107.5K $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%
$2,150,260
Cap Rate 7%
$1,535,900
Cap Rate 9%
$1,194,589
Alternative Uses
Best Use
Warehouse
$1.54M
$1.34M – $1.79M
NOI $107,513 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$1.26M
$1.11M – $1.48M
NOI $88,540 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$3.07M
$2.69M – $3.58M
NOI $214,906 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,010
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
- CubeSmart Self Storage — 7401 NW 68th St, Miami, FL 33166, United States
- Public Storage — 7996 NW South River Dr, Medley, FL 33166, United States
- Extra Space Storage — 2995 Okeechobee Rd, Hialeah, FL 33012, United States
- Valido Moving Company — 471 W 31st Pl, Hialeah, FL 33012
Frequently Asked Questions
What type of property is this?
Warehouse - 7,800 SF warehouse with heavy power and new roof.
Where is this warehouse located?
The property is located at 1050 E 24th St Hialeah, FL.
What is the asking price?
The asking price for this property is $2,030,000.
What are key features of this property?
This property features: Just 0.2 Miles to Metrorail & Tri Rail Station; Zoning: M‑1 Hialeah; Heavy 3‑Phase Power available
