Warehouse Condominium with
1671 W 38th Pl 1403, Hialeah, FL 33012
For Sale
New
$450,000
The unit combines warehouse space with a dedicated office area for administrative work.
Property Size1,305 SF
Price / SF$344.83
Days on Market3
Property Features for 1671 W 38th Pl 1403
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Three-Phase Power
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Yuniel De Varona Rodriguez · License FL A11944967
(786) 222-1373
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 2:47PM
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 Fausto Commercial Realty Consultants Inc
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 1,305-square-foot warehouse condominium includes a small office area and an 18-foot ceiling. Building features include 3-phase electrical service, a Twin-T concrete roof, one street-level roll-up door, and two assigned parking spaces. Built in 1980, the unit is in Hialeah, Florida.
Key Highlights
- 1,305 SF warehouse condominium with a dedicated office area
- 18‑foot ceiling height
- 3‑phase electrical power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,666
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,320
$393.3K
Cap Rate 7%
$280,943
$280.9K
Cap Rate 9%
$218,511
$218.5K
Market Conditions
NOI Build-Up for 1,305 SF
Gross rent
$32.9K $25.20/SF
− Vacancy
−$2.6K −$2.02/SF
EGI
$30.3K $23.18/SF
− OpEx
−$10.6K −$8.11/SF
NOI
$19.7K $15.07/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,320
Cap Rate 7%
$280,943
Cap Rate 9%
$218,511
Alternative Uses
Best Use
Flex RnD
$280.9K
$245.8K – $327.8K
NOI $19,666 @ 7.0% cap · market cap 4.37%
Second Best
Warehouse
$257.0K
$224.9K – $299.8K
NOI $17,988 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$513.6K
$449.4K – $599.3K
NOI $35,955 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,693
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
$355,600
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Hialeah, FL
Properties on Market for Warehouses in Hialeah
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The unit combines warehouse space with a dedicated office area for administrative work.
Where is this warehouse located?
The property is located at 1671 W 38th Pl 1403 Hialeah, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,305 SF warehouse condominium with a dedicated office area; 18‑foot ceiling height; 3‑phase electrical power
