Climate-Controlled Industrial
For Sale
$798,000
2693 76th St, Hialeah, FL 33016
Industrial warehouse with one drive-in bay door, approximately 18-foot clear height, and fully air-conditioned space.
Property Size2,280 SF
Price / SF$350
Days on Market49
Property Features for 2693 76th St
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
4
Property subtype
General Commercial
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Business Included
No
Amenities
air-conditioned
3
4 Parking Spaces.
Building Details
Year Built
1987
Construction
reinforced concrete
Listing Agency:
Trajan Investments, Inc.
(786) 449-0605
Listed By:
Claudia Splinter · License #A12068081
(786) 449-0605
Source:
Xome
Added: Jul 6
Changed: Aug 23
Last Checked: Aug 22 at 9:04AM
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 Trajan Investments, Inc.
Investment Insights
Based on property information with market context.
This warehouse includes one street-level drive-in bay door and an approximately 18-foot clear ceiling height. Constructed with reinforced concrete, the space is fully air-conditioned, with a new central A/C unit installed in 2025. Four assigned parking spaces support convenient daily access.
The property is positioned as a climate-controlled industrial option, suited to a range of operational needs where temperature control and straightforward loading are important.
Available for sale, the facility’s combination of reinforced concrete construction, drive-in access, and ceiling height is designed to support light manufacturing, distribution, showroom use, e-commerce operations, medical storage, printing, technology, assembly, and specialty activities.
The property is positioned as a climate-controlled industrial option, suited to a range of operational needs where temperature control and straightforward loading are important.
Available for sale, the facility’s combination of reinforced concrete construction, drive-in access, and ceiling height is designed to support light manufacturing, distribution, showroom use, e-commerce operations, medical storage, printing, technology, assembly, and specialty activities.
Key Highlights
- Industrial warehouse built in 1987 with reinforced concrete construction
- One street‑level drive‑in bay door for warehouse loading and access
- Approximately 18‑foot clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$628,540
$628.5K
Cap Rate 7%
$448,957
$449.0K
Cap Rate 9%
$349,189
$349.2K
Market Conditions
NOI Build-Up for 2,280 SF
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.
Gross rent
$39.1K $17.16/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$37.0K $16.22/SF
− OpEx
−$5.5K −$2.43/SF
NOI
$31.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$628,540
Cap Rate 7%
$448,957
Cap Rate 9%
$349,189
Alternative Uses
Best Use
Warehouse
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$369.7K
$323.5K – $431.4K
NOI $25,881 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$897.4K
$785.2K – $1.05M
NOI $62,819 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,232
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with one drive-in bay door, approximately 18-foot clear height, and fully air-conditioned space.
Where is this warehouse located?
The property is located at 2693 76th St Hialeah, FL.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Industrial warehouse built in 1987 with reinforced concrete construction; One street‑level drive‑in bay door for warehouse loading and access; Approximately 18‑foot clear ceiling height
