Unimproved Industrial Land
8015 NW 98th Street Hialeah Gardens, FL 33016
8015 NW 98th Street, Hialeah Gardens, FL, 33016
$3,250,000
Pending
For Sale
$3,250,000
Pending
Unimproved industrial land assemblage includes a 10,069 SF warehouse and paved lots with public water and sewer access.
Property Size10,069 SF
Lot Size0.69 Acres
Days on Market17
Property Features for 8015 NW 98th Street
General Information
- Standard status
- Pending
- Size
- 10,069 SF
- Lot size
- 0.69 Acres
- Property subtype
- Land
Listing agency
Keller Williams Eagle Realty
(305) 205-5125
Listed by
Luisa Ocampo
(305) 205-5125
Source
Laerrealty
Added: Jul 6 Updated: Jul 21 at 2:56PM Checked: Jul 21 at 2:56PM
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 Keller Williams Eagle Realty
Investment Insights
Based on property information with market context.
This three-folio assemblage is offered strictly as unimproved land for redevelopment, with existing structure value secondary to the site. The offering includes one 10,069 SF warehouse and two paved lots, totaling approximately 0.69 acres.
The property is located along NW 98 Street in Hialeah Gardens, in a B3 Commercial Liberal zoning classification comparable to Miami-Dade industrial districts IU1 and IN1 under county code.
Public water and sewer access are available, and the seller notes the existing warehouse is conveyed strictly as land value for redevelopment, with no representations made regarding its condition. The sale is portfolio-only and not available separately by folio.
The property is located along NW 98 Street in Hialeah Gardens, in a B3 Commercial Liberal zoning classification comparable to Miami-Dade industrial districts IU1 and IN1 under county code.
Public water and sewer access are available, and the seller notes the existing warehouse is conveyed strictly as land value for redevelopment, with no representations made regarding its condition. The sale is portfolio-only and not available separately by folio.
Key Highlights
- Three‑folio unimproved industrial land assemblage totaling approx. 0.69 AC (30,263 SF) along NW 98 Street in Hialeah Gardens
- Includes one 10,069 SF warehouse plus two paved lots (2730030090080, 2730030090085, 2730030090090)
- B3 Commercial Liberal zoning comparable to Miami‑Dade IU1 and IN1 industrial districts
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.3k | $16.32 |
| − Vacancy | −$9.0k | −$0.90 |
| EGI | $155.3k | $15.42 |
| − OpEx | −$23.3k | −$2.31 |
| NOI | $132.0k | $13.11 |
10,069 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.89M
$1.65M – $2.20M
NOI $131,995 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.11M
$4.47M – $5.96M
NOI $357,590 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
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FAQs
What type of property is this?
Warehouse - Unimproved industrial land assemblage includes a 10,069 SF warehouse and paved lots with public water and sewer access.
Where is this warehouse located?
The property is located at 8015 NW 98th Street Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Three‑folio unimproved industrial land assemblage totaling approx. 0.69 AC (30,263 SF) along NW 98 Street in Hialeah Gardens; Includes one 10,069 SF warehouse plus two paved lots (2730030090080, 2730030090085, 2730030090090); B3 Commercial Liberal zoning comparable to Miami‑Dade IU1 and IN1 industrial districts
