Freestanding Industrial
New
For Sale
$1,830,000
1080 E 24th St, Hialeah, FL 33013
Vacant warehouse with flexible industrial-use potential and immediate occupancy availability.
Property Size8,000 SF
Lot Size0.24 Acres
Price / SF$228.75
Days on Market7
Property Features for 1080 E 24th St
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.24 Acres
Property subtype
Industrial
Zoning
7100
Additional Details
Warehouse Space
8,000 SF
Taxes and HOA fees
Annual Taxes
$17,505
Building Details
Buildings
1
Building Size
8,000 SF
Listing Agency:
Coldwell Banker Realty
Listed By:
Carlos Mandiola · License #0698288
(305) 724-7989
Source:
Vanessafrankmiami
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 2 at 9:17PM
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
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.
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 = 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
$110,270
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
6.03%
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%
$2,205,400
$2.2M
Cap Rate 7%
$1,575,286
$1.6M
Cap Rate 9%
$1,225,222
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$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 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%
$2,205,400
Cap Rate 7%
$1,575,286
Cap Rate 9%
$1,225,222
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,270 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$1.30M
$1.14M – $1.51M
NOI $90,811 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$3.15M
$2.76M – $3.67M
NOI $220,416 @ 7.0% cap · market cap 12.04%
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
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
Questions? Ask Rey
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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 $1,830,000.
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
