Industrial Warehouse with Grade-Level
For Sale
Contact for pricing
1615 W 31st Pl # 1615, Hialeah, FL 33012
An industrial space pairs warehouse capacity with an office and direct grade-level loading.
Property Size23,793 SF
Price / SF$0.00
Days on Market299
Property Features for 1615 W 31st Pl # 1615
General Information
Standard status
Active
Size
23,793 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
17 ft
Drive-In Doors
2
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$49,664
Building Details
Building Size
23,793 SF
Year Built
1965
Construction
masonry
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Pablo Vignolo · License #3276129
(305) 303-3837
Source:
Emporiore
Added: Jan 6
Changed: Oct 28
Last Checked: Oct 31 at 4:16PM
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 Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,000-square-foot industrial warehouse space at Hialeah Industrial Center includes an office, LED lighting, and two drive-in, grade-level bays. The building has solid masonry construction and a 17-foot clear height. Built in 1965, it offers a practical combination of warehouse and office space.
The property is in an established Hialeah warehouse corridor, with access to major roadways.
The property is in an established Hialeah warehouse corridor, with access to major roadways.
Key Highlights
- 8,000 SF industrial warehouse space
- 17' clear height
- Two drive‑in, grade‑level bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$327,957
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,559,140
$6.6M
Cap Rate 7%
$4,685,100
$4.7M
Cap Rate 9%
$3,643,967
$3.6M
Market Conditions
NOI Build-Up for 23,793 SF
Gross rent
$408.3K $17.16/SF
− Vacancy
−$22.5K −$0.94/SF
EGI
$385.8K $16.22/SF
− OpEx
−$57.9K −$2.43/SF
NOI
$328.0K $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 Rate 5%
$6,559,140
Cap Rate 7%
$4,685,100
Cap Rate 9%
$3,643,967
Alternative Uses
Best Use
Warehouse
$4.69M
$4.10M – $5.47M
NOI $327,957 @ 7.0% cap · market cap 1,929,158.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.36M
$8.19M – $10.93M
NOI $655,545 @ 7.0% cap · market cap 3,856,147.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
17 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Warehouse - An industrial space pairs warehouse capacity with an office and direct grade-level loading.
Where is this warehouse located?
The property is located at 1615 W 31st Pl # 1615 Hialeah, FL.
What are key features of this property?
This property features: 8,000 SF industrial warehouse space; 17' clear height; Two drive‑in, grade‑level bays
