Mixed-Use Property with
For Sale
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2915 W Okeechobee Road, Hialeah, FL 33012
Warehouse, climate-controlled work areas, and offices share a freestanding, industrial-zoned building.
Property Size28,000 SF
Price / SF$0.00
Days on Market10
Property Features for 2915 W Okeechobee Road
General Information
Standard status
Active
Size
28,000 SF
Total Parking Spaces
27
Property subtype
Mixed Use
Warehouse & Industrial
Clear Height
19 ft
Warehouse Space
19,000 SF
Office Build-Out
2,370 SF
Dock-High Doors
4
Power
1,200 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Property Use
Warehouse
Building Details
Year Built
1972
Buildings
1
Building Size
28,000 SF
Listing Agency:
Related Services LLC
(305) 887-5050
Listed By:
Edelso Riveron · License #0647321
(786) 256-0268
Source:
Lehmannflorida
Added: Oct 23
Changed: Oct 31
Last Checked: Oct 30 at 4:55PM
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 Related Services LLC
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Investment Insights
Based on property information with market context.
This freestanding mixed-use property contains approximately 28,000 square feet, including 19,000 square feet of warehouse area, 2,145 square feet of climate-controlled workspace, 2,370 square feet of first-floor offices, and 4,513 square feet of second-floor offices and storage. Half of the upper floor has a steel frame rated for loads up to 125 pounds per square foot. The building, constructed in 1972, also offers 19-foot clear height, full fire sprinkler coverage, 1,200 total amps with three-phase power, four dock-high doors, and 27 parking spaces. The roof was recently roll-coated.
The property is industrial-zoned and has access to Miami International Airport, rail terminals, and major transportation corridors. Its combination of warehouse, office, and climate-controlled space supports a range of industrial operations.
The property is industrial-zoned and has access to Miami International Airport, rail terminals, and major transportation corridors. Its combination of warehouse, office, and climate-controlled space supports a range of industrial operations.
Key Highlights
- Approximately 28,000 square feet across warehouse, climate‑controlled workspace, offices, and storage
- 19,000 square feet of warehouse space
- 19' clear ceiling height and full fire sprinkler coverage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$382,200
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,644,000
$7.6M
Cap Rate 7%
$5,460,000
$5.5M
Cap Rate 9%
$4,246,667
$4.2M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$672.0K $24.00/SF
− Vacancy
−$60.5K −$2.16/SF
EGI
$611.5K $21.84/SF
− OpEx
−$229.3K −$8.19/SF
NOI
$382.2K $13.65/SF
Area
Hialeah, FL
Vacancy
9.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,644,000
Cap Rate 7%
$5,460,000
Cap Rate 9%
$4,246,667
Alternative Uses
Best Use
Warehouse
$5.51M
$4.82M – $6.43M
NOI $385,946 @ 7.0% cap · market cap 1,543,784.00%
Second Best
Mixed Use
$5.46M
$4.78M – $6.37M
NOI $382,200 @ 7.0% cap · market cap 1,528,800.00%
Theoretical Best
Office A
$11.02M
$9.64M – $12.86M
NOI $771,456 @ 7.0% cap · market cap 3,085,824.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
19 ft
Clear height
4
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Warehouse, climate-controlled work areas, and offices share a freestanding, industrial-zoned building.
Where is this mixed-use property located?
The property is located at 2915 W Okeechobee Road Hialeah, FL.
What are key features of this property?
This property features: Approximately 28,000 square feet across warehouse, climate‑controlled workspace, offices, and storage; 19,000 square feet of warehouse space; 19' clear ceiling height and full fire sprinkler coverage
