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    1002 E 24Th St Hialeah, FL 33010

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    For Sale
    $980,000

    Value-add, 100% occupied warehouse in Miami, Florida.

    Property size:
    5,400 SF
    Lot size:
    0.12 Acres

    Property Features for 1002 E 24Th St

    General Information

    Size
    5,400 SF
    Lot size
    0.12 Acres

    Source: Jorge Pardo Agent Jorge Pardo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hialeah Warehouse with Two Tenants

    This is a 5,400 square foot, 100% occupied, two-tenant warehouse located in Miami, Florida. Situated on a 6,015 square foot lot, the property is of CBS block construction and features clear heights of 12-14 feet. The warehouse is currently configured with five bays, each equipped with roll-up doors. The property benefits from a highly visible location within a busy industrial submarket. Both tenants have recently renewed their leases, effective March 1, 2023, and include rent escalation clauses for the next five years, with an option to renew. The rental rate has been recently updated to reflect current market prices. The property offers ease of access to the Palmetto Expressway, Florida's Turnpike, and I-95.
    Insight Report Location Intelligence

    Current Use by Public Records

    Professional Auto Paint ... Auto Body Shop La Deliciosa Cafeteria Cuban Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    USA Poultry Import Export, H.Y.B. Container Service Rent & Sales, USA Poultry Import and Export, Permafrost /Harvest House Cold Storage, US cold storage

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.303256
    Latitude
    25.843198

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    FAQs

    What type of property is this?
    Warehouse - Value-add, 100% occupied warehouse in Miami, Florida.
    Where is this warehouse located?
    The property is located at 1002 E 24Th St Hialeah, FL.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - 100% Occupied Two-Tenant Warehouse with Recent Rental Rate Update to Market Price; - Strong Tenants with Rent Escalation for the Next Five Years and Option to Renew; - Ease of Access to Palmetto Expressway, Florida's Turnpike, and I-95
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    1002 E 24Th St Hialeah, FL 33010
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    Hialeah, FL 33010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1002 E 24Th St Hialeah, FL 33010
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