Industrial Warehouse with Grade-Level
For Sale
Contact for pricing
1616-1604 W 31st Pl, Hialeah, FL 33012
Updated office space with LED lighting supports a range of warehouse operations.
Property Size2,000 SF
Price / SF$0.01
Days on Market15
Property Features for 1616-1604 W 31st Pl
General Information
Standard status
Active
Size
2,000 SF
Warehouse & Industrial
Warehouse Space
2,000 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Pablo Vignolo · License #A12025588
(305) 303-3837
Source:
Exprealty
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 16 at 9:11AM
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 Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial warehouse offers 2,000 SF of space, a grade-level loading door, and updated office areas fitted with LED lighting. Professional property management is also in place.
The property is at 1616-1604 W 31st Pl in Hialeah, near Okeechobee Road/US-27 and the Palmetto Expressway, with access across Miami-Dade.
The property is at 1616-1604 W 31st Pl in Hialeah, near Okeechobee Road/US-27 and the Palmetto Expressway, with access across Miami-Dade.
Key Highlights
- 2,000 SF industrial warehouse
- Grade‑level loading door
- Updated office space with LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,568
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,360
$551.4K
Cap Rate 7%
$393,829
$393.8K
Cap Rate 9%
$306,311
$306.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.3K $17.16/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$32.4K $16.22/SF
− OpEx
−$4.9K −$2.43/SF
NOI
$27.6K $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%
$551,360
Cap Rate 7%
$393,829
Cap Rate 9%
$306,311
Alternative Uses
Best Use
Warehouse
$393.8K
$344.6K – $459.5K
NOI $27,568 @ 7.0% cap · market cap 145,094.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.2K
$688.8K – $918.4K
NOI $55,104 @ 7.0% cap · market cap 290,021.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
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
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Updated office space with LED lighting supports a range of warehouse operations.
Where is this warehouse located?
The property is located at 1616-1604 W 31st Pl Hialeah, FL.
What are key features of this property?
This property features: 2,000 SF industrial warehouse; Grade‑level loading door; Updated office space with LED lighting
