Warehouse with 18-Foot
1671 W 38th Place Unit 1406 Hialeah, FL 33012
New
1671 W 38th Place Unit 1406, Hialeah, FL, 33012
$505,000
For Sale
$505,000
Updated warehouse features 18-foot clear ceilings, a 14-foot street-level door, and a private office.
Property Size1,305 SF
Price / SF$386.97
Days on Market5
Property Features for 1671 W 38th Place Unit 1406
General Information
- Standard status
- Active
- Size
- 1,305 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1980
Listing Agency
Cespedes Realty LLC
(786) 326-4574
Listed by
David Cespedes · License #3176578
(786) 326-4574
Source
Lehmannflorida
Added: Jul 14 Checked: Jul 17 at 2:57 am
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 Cespedes Realty LLC
Investment Insights
Based on property information with market context.
This warehouse offers updated interior improvements and a practical layout for light storage and operations. Key features include 18' clear ceilings and a 14' street-level door, along with one office for on-site administration. The property also notes a Twin T concrete roof.
The warehouse is located in West Hialeah, close to the Palmetto, and positioned between 49th St and Okeechobee Rd, providing convenient access to major area routes.
Measuring 1,305 SF, the space is configured as a single warehouse unit with an office.
The warehouse is located in West Hialeah, close to the Palmetto, and positioned between 49th St and Okeechobee Rd, providing convenient access to major area routes.
Measuring 1,305 SF, the space is configured as a single warehouse unit with an office.
Key Highlights
- Warehouse building, 1,305 SF
- 18‑foot clear ceilings
- 14‑foot street‑level door
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.4k | $17.16 |
| − Vacancy | −$1.2k | −$0.94 |
| EGI | $21.2k | $16.22 |
| − OpEx | −$3.2k | −$2.43 |
| NOI | $18.0k | $13.78 |
1,305 SF · lease $17.16/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$257.0K
$224.9K – $299.8K
NOI $17,988 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$513.6K
$449.4K – $599.3K
NOI $35,955 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AC Repair Service ...
Hardware & Home Improvement
MedallionDesignStyle
General Contractor
Chem Index Inc
Medical Supply Store
Guaoo Printing
Printing Service
Kps Trabajo
Shopping Center & Mall
Similar For Sale Nearby
Similar Off Market Nearby
- ECO MATERIAL STORAGE FACILITY — NW 79th Terrace, Medley, FL 33166
- Your Storage Place — Medley, FL 33166
- Extra Space Storage — 2995 Okeechobee Rd, Hialeah, FL 33012, United States
- Storage — 8090 NW 77th Ct, Medley, FL 33166
- Iron Mountain — 8095 NW 84th St, Medley, FL 33166
FAQs
What type of property is this?
Warehouse - Updated warehouse features 18-foot clear ceilings, a 14-foot street-level door, and a private office.
Where is this warehouse located?
The property is located at 1671 W 38th Place Unit 1406 Hialeah, FL.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Warehouse building, 1,305 SF; 18‑foot clear ceilings; 14‑foot street‑level door
