Long-Term Tenant NNN
For Sale
Contact for pricing
1675-1677 W 31st Pl, Hialeah, FL 33012
A commercial property with an established tenant and recently completed recertification supports continued occupancy.
Property Size16,100 SF
Price / SF$248.45
Days on Market727
Property Features for 1675-1677 W 31st Pl
General Information
Standard status
Active
Size
16,100 SF
Property subtype
INDUSTRIAL
Building Details
Tenancy
Single
Listing Agency:
The Hype Real Estate Group
Listed By:
Raul Pino · License #3423287
(786) 503-5583
Source:
Moodyscre
Added: Oct 23, 2024
Changed: Oct 10
Last Checked: Oct 16 at 11:11AM
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 The Hype Real Estate Group
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Investment Insights
Based on property information with market context.
This 16,100-square-foot NNN property is occupied by a tenant that has remained in place for more than 20 years. The existing tenancy provides an established operating history, while the property’s commercial configuration supports its NNN structure.
The building recently passed its 40-year recertification, documenting compliance with the applicable recertification requirement. The property is located at 1675-1677 W 31st Pl in Hialeah, Florida.
The building recently passed its 40-year recertification, documenting compliance with the applicable recertification requirement. The property is located at 1675-1677 W 31st Pl in Hialeah, Florida.
Key Highlights
- 16,100‑square‑foot NNN property
- Tenant has occupied the property for over 20 years
- Recently passed its 40‑year recertification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,757
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,655,140
$3.7M
Cap Rate 7%
$2,610,814
$2.6M
Cap Rate 9%
$2,030,633
$2.0M
Market Conditions
NOI Build-Up for 16,100 SF
Gross rent
$276.3K $17.16/SF
− Vacancy
−$15.2K −$0.94/SF
EGI
$261.1K $16.22/SF
− OpEx
−$78.3K −$4.86/SF
NOI
$182.8K $11.35/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,655,140
Cap Rate 7%
$2,610,814
Cap Rate 9%
$2,030,633
Alternative Uses
Best Use
Industrial
$2.61M
$2.28M – $3.05M
NOI $182,757 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.54M – $7.39M
NOI $443,587 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
NNN property - A commercial property with an established tenant and recently completed recertification supports continued occupancy.
Where is this nnn property located?
The property is located at 1675-1677 W 31st Pl Hialeah, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 16,100‑square‑foot NNN property; Tenant has occupied the property for over 20 years; Recently passed its 40‑year recertification
