Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hialeah Office/Warehouse Combination For Rent Title is generated by Realmo AI

    1651 W 37th St # 406, Hialeah, FL 33012

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office/warehouse combination for rent in a centrally located Hialeah property.

    Type:Office
    Added:
    Mar 13, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 16 at 12:46 pm

    Property Features for 1651 W 37th St # 406

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 1651 W 37th St # 406 Contact us

    406 $1.59 /Mo

    Size
    1,700 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Mabel Gonzalez

    Listing agent Mabel Gonzalez License #3235161

    Listing office Ocean Palms Realty Associates, LLC.

    Listing date Mar 13, 2026

    Source Crexi

    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 Ocean Palms Realty Associates, LLC.

    HighLights

    • Office/warehouse combination provides versatile space.
    • Centrally located in Hialeah.
    • Available immediately for rent.
    • Also offered for sale.
    • Built in 1982.
    • For rent.

    Overview

    An office and warehouse combination unit is available for rent in Hialeah. The property is centrally located and available for immediate occupancy. The unit is also offered for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mia Recording studios Recording Studio Ts Medical Health ... Physician Steps In the Right Direction Social Service Agency CM Community Services, ... Crisis Center Best Auto Services ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mirta Salazar Catering — 1685 W 42nd St #1, Hialeah, FL 33012
    • Ale's Paella Catering Miami — 8282 NW South River Dr, Medley, FL 33166
    • Rode Services Inc — 9605 NW 79th Ave #17, Hialeah Gardens, FL 33016
    • Chef Cuba Catering — 8471 NW South River Dr, Medley, FL 33166

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.31562
    Latitude
    25.85533

    Nearby Similar for Lease

    • $12,250/Mo

      Hialeah Industrial Warehouse/Showroom/Office Space

      Remodeled mixed-use building near Amelia District with flexible layout.
      7550 W 2nd Ct, Hialeah, FL 33014
      View Details
    • $20 SF/Yr

      Hialeah Industrial Flex Space

      Versatile industrial property with warehouse and office space available for rent.
      2290 W 8th Ave, Hialeah, FL 33010
      View Details
    • $5,500/Mo

      Hialeah Medical/Professional Office Space

      Corner unit in Hialeah, ideal for medical or professional practice.
      4445 W 16th Ave, Hialeah, FL 33012
      View Details
    • $3,500/Mo

      Hialeah Retail Space For Rent

      850 SF retail space in high-traffic East Hialeah corridor.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $3,200/Mo

      Retail Space in Busy Hialeah

      500 SF retail space in high-traffic Hialeah location.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $2,250/Mo

      Hialeah Retail Space Available

      Versatile commercial space in East Hialeah, ideal for various businesses.
      330 W 9th St, Hialeah, FL 33010
      View Details
    • $4,750/Mo

      Hialeah Mixed-Use Office/Warehouse Space

      2,408 SF Hialeah property with office and warehouse space.
      6073 NW 167th St, Hialeah, FL 33015
      View Details
    • $2,600/Mo

      Hialeah Warehouse and Flex Space

      Adaptable warehouse and flex office space in Hialeah Gardens.
      2954 W 84th St, Hialeah, FL 33018
      View Details
    • $3,500/Mo

      Hialeah Retail Space For Rent

      750 SF retail space in high-traffic Hialeah corridor.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $32 SF/Yr

      Hialeah Office Space For Rent

      1,491 sq ft office space in Hialeah, Florida.
      4201 Palm Ave, Hialeah, FL 33012
      View Details
    • $3,850/Mo

      Hialeah Warehouse Space Available

      Warehouse space for lease in a prime Hialeah location.
      1071 E 16th St, Hialeah, FL 33010
      View Details
    • $1,250/Mo

      Hialeah Office Suite For Rent

      Professional office suite in Hialeah, ready for immediate occupancy.
      2100 W 76th St, Hialeah, FL 33016
      View Details

    FAQs

    What type of property is this?
    Flex space - Office/warehouse combination for rent in a centrally located Hialeah property.
    Where is this flex space located?
    The property is located at 1651 W 37th St # 406 Hialeah, FL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Office/warehouse combination provides versatile space.; Centrally located in Hialeah.; Available immediately for rent.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mabel Gonzalez
    Real Estate License ID: 3235161
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1651 W 37th St # 406, Hialeah, FL 33012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!