Warehouse with Remodeled
For Sale
Contact for pricing
1676 W 31st Pl # 1676, Hialeah, FL 33012
The facility combines industrial space with an updated office area for administrative functions.
Property Size70,521 SF
Price / SF$0.00
Days on Market298
Property Features for 1676 W 31st Pl # 1676
General Information
Standard status
Active
Size
70,521 SF
Property subtype
Industrial
Additional Details
Clear Height
17 ft
Property Use
Storage, Light Industrial, Service
Taxes and HOA fees
Annual Taxes
$118,606
Building Details
Building Size
70,521 SF
Year Built
1965
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Pablo Vignolo · License #3276129
(305) 303-3837
Source:
Emporiore
Added: Jan 7
Changed: Oct 27
Last Checked: Oct 31 at 6:18PM
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 warehouse property in Hialeah offers 70,521 square feet of industrial space. The facility includes 17-foot clear height, LED lighting, and a remodeled office, bringing workspace and administrative functions together within the same property. Built in 1965, it has a configuration described for storage, light industrial, and service use.
Key Highlights
- 70,521 square feet of warehouse space
- 17‑foot clear height
- Remodeled office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$972,045
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,440,900
$19.4M
Cap Rate 7%
$13,886,357
$13.9M
Cap Rate 9%
$10,800,500
$10.8M
Market Conditions
NOI Build-Up for 70,521 SF
Gross rent
$1.21M $17.16/SF
− Vacancy
−$66.6K −$0.94/SF
EGI
$1.14M $16.22/SF
− OpEx
−$171.5K −$2.43/SF
NOI
$972.0K $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%
$19,440,900
Cap Rate 7%
$13,886,357
Cap Rate 9%
$10,800,500
Alternative Uses
Best Use
Warehouse
$13.89M
$12.15M – $16.20M
NOI $972,045 @ 7.0% cap · market cap 5,116,026.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.76M
$24.29M – $32.38M
NOI $1,942,995 @ 7.0% cap · market cap 10,226,289.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
Well-served
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 - The facility combines industrial space with an updated office area for administrative functions.
Where is this warehouse located?
The property is located at 1676 W 31st Pl # 1676 Hialeah, FL.
What are key features of this property?
This property features: 70,521 square feet of warehouse space; 17‑foot clear height; Remodeled office area
