Climate-Controlled
New
For Sale
$798,000
2693 W 76th St 16, Hialeah, FL 33016
Reinforced concrete construction and direct drive-in access support warehouse operations.
Property Size2,280 SF
Price / SF$350
Days on Market1
Property Features for 2693 W 76th St 16
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
4
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Conditioned Warehouse
Yes
Building Details
Year Built
1987
Construction
reinforced concrete
Listing Agency:
Trajan Commercial Real Estate
Listed By:
Claudia Splinter · License #3285524
(305) 482-1118
Source:
Thepennteam
Added: Sep 20
Last Checked: Sep 20 at 2:46PM
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 Trajan Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,280-square-foot warehouse, built in 1987, combines reinforced concrete construction with a street-level drive-in bay door and approximately 18-foot clear ceiling height. The entire interior is air-conditioned, with a central A/C unit installed in 2025, providing climate-controlled space for light manufacturing, distribution, showroom, e-commerce, medical storage, printing, technology, assembly, and specialty operations.
The property includes four assigned parking spaces and is located at 2693 W 76th St 16 in Hialeah, Florida. Its warehouse configuration, direct vehicle access, ceiling clearance, and full air conditioning support a range of commercial storage and production requirements.
The property includes four assigned parking spaces and is located at 2693 W 76th St 16 in Hialeah, Florida. Its warehouse configuration, direct vehicle access, ceiling clearance, and full air conditioning support a range of commercial storage and production requirements.
Key Highlights
- 2,280‑square‑foot warehouse built in 1987
- One street‑level drive‑in bay door
- Approximately 18‑foot clear ceiling height
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
$31,427
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
3.94%
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%
$628,540
$628.5K
Cap Rate 7%
$448,957
$449.0K
Cap Rate 9%
$349,189
$349.2K
Market Conditions
NOI Build-Up for 2,280 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
$39.1K $17.16/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$37.0K $16.22/SF
− OpEx
−$5.5K −$2.43/SF
NOI
$31.4K $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%
$628,540
Cap Rate 7%
$448,957
Cap Rate 9%
$349,189
Alternative Uses
Best Use
Warehouse
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$369.7K
$323.5K – $431.4K
NOI $25,881 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$897.4K
$785.2K – $1.05M
NOI $62,819 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,232
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Reinforced concrete construction and direct drive-in access support warehouse operations.
Where is this warehouse located?
The property is located at 2693 W 76th St 16 Hialeah, FL.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 2,280‑square‑foot warehouse built in 1987; One street‑level drive‑in bay door; Approximately 18‑foot clear ceiling height
