Building Details

Buildings 1

Building Size 8,000 SF

Listing Agency: Coldwell Banker Realty

Listed By: Carlos Mandiola · License #0698288 Show Phone

Source: Vanessafrankmiami

Added: Aug 28 Changed: Oct 13 Last Checked: Oct 16 at 4:18PM

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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 Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

This freestanding warehouse contains approximately 8,000 square feet of building area on a 10,540-square-foot lot. The property is vacant, allowing for immediate occupancy, and carries zoning designation 7100. Warehouse, manufacturing, and food-processing uses are identified as suitable, subject to buyer verification.

Located in Hialeah, the property provides access to major roads and nearby commercial areas. The building may be acquired independently or together with the adjacent property, creating flexibility for buyers evaluating both parcels.

Key Highlights

• Approximately 8,000 square feet of building area
• 10,540‑square‑foot lot
• Vacant property available for immediate occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$110,270

Cap Rate

6.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,205,400 $2.2M

Cap Rate 7%

$1,575,286 $1.6M

Cap Rate 9%

$1,225,222 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$137.3K $17.16/SF

− Vacancy

−$7.6K −$0.94/SF

EGI

$129.7K $16.22/SF

− OpEx

−$19.5K −$2.43/SF

NOI

$110.3K $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%

$2,205,400

Cap Rate 7%

$1,575,286

Cap Rate 9%

$1,225,222

Alternative Uses

Best Use

Warehouse

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,270 @ 7.0% cap · market cap 6.13%

Second Best

Industrial

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,811 @ 7.0% cap · market cap 5.05%

Theoretical Best

Office A

$3.15M

$2.76M – $3.67M (±1% cap)

NOI $220,416 @ 7.0% cap · market cap 12.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

House renovation florida Construction Company MILLENNIAL GROUP CONTRACTORS Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Acupuncture Spa & Massage Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,010

Businesses Nearby

Under-served

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Warehouse with Office Space

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Functional Warehouse Space Available Now

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Turnkey Window Treatment Manufacturing Facility

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Freestanding Industrial Warehouse

1060 E 24th St, Hialeah, FL 33013

$1,799,000

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3-Bay Freestanding Warehouse

4447 E 10th Ln, Hialeah, FL 33013

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0.20 Acres

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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 - Vacant warehouse with flexible industrial-use potential and immediate occupancy availability.

Where is this warehouse located?

The property is located at 1080 E 24th St Hialeah, FL.

What is the asking price?

The asking price for this property is $1,799,000.

What are key features of this property?

This property features: Approximately 8,000 square feet of building area; 10,540‑square‑foot lot; Vacant property available for immediate occupancy