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    Hialeah Industrial Property For Sale Title is generated by Realmo AI

    1675-1677 W 31st Pl, Hialeah, FL

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    Long-term tenant, 40-year recertification, scheduled rent increase.

    Type:INDUSTRIAL
    Property size:
    16,100 SF
    Lot size:
    1.01 Acres
    Price / SF:
    $248/SF
    Added:
    Oct 23, 2024
    Days on Market:
    594
    Last Refresh:
    May 20 at 9:42 pm

    Property Features for 1675-1677 W 31st Pl

    General Information

    Standard status
    Active
    Size
    16,100 SF
    Lot size
    1.01 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 1675-1677 W 31st Pl Contact us

    We can help!

    Listing Contact
    Raul Pino
    Raul Pino

    Listing agent Raul Pino License #3276129

    Listing office The Hype Real Estate Group

    Listing date Oct 23, 2024

    Source Moodyscre

    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

    HighLights

    • Long‑term tenant (20+ years) provides stable income.
    • Currently paying 10NNN with a scheduled increase to 12NNN in December.
    • Recently passed 40‑year recertification, ensuring compliance.
    • Well‑located industrial property.
    • Solid investment potential.
    • NNN lease structure.

    Overview

    This industrial property is located in Hialeah, Florida. The property has a long-term tenant of over 20 years. The tenant is currently paying 10NNN with a scheduled increase to 12NNN in December. The property has recently passed its 40-year recertification. The property size is 16,100 square feet.

    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 $276.3k $17.16
    − Vacancy −$15.2k −$0.94
    EGI $261.1k $16.22
    − OpEx −$39.2k −$2.43
    NOI $221.9k $13.78
    16,100 SF · lease $17.16/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.17M
    $2.77M – $3.70M (±1% cap)
    NOI $221,919 @ 7.0% cap · market cap 5.55%
    Second Best
    Industrial
    $2.61M
    $2.28M – $3.05M (±1% cap)
    NOI $182,757 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Office A
    $6.34M
    $5.54M – $7.39M (±1% cap)
    NOI $443,587 @ 7.0% cap · market cap 11.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

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    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3168
    Latitude
    25.8504

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    FAQs

    What type of property is this?
    Warehouse - Long-term tenant, 40-year recertification, scheduled rent increase.
    Where is this warehouse located?
    The property is located at 1675-1677 W 31st Pl Hialeah, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Long‑term tenant (20+ years) provides stable income.; Currently paying 10NNN with a scheduled increase to 12NNN in December.; Recently passed 40‑year recertification, ensuring compliance.
    (786) 503-5583 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Raul Pino
    Raul Pino
    Real Estate License ID: 3276129
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