West Hialeah Industrial Investment
For Sale
$1,300,000
371 West 21st Street, Hialeah, FL 33010
Two flex space warehouses in Hialeah, prime investment opportunity.
Property Size10,028 SF
Price / SF$129.64
Days on Market387
Property Features for 371 West 21st Street
General Information
Standard status
Active
Size
10,028 SF
Property subtype
Industrial
Amenities
*0.15 Acre of land
* 5,014 FLEX space
* Approximately 30,000 cars daily
Building Details
Building Size
10,028 SF
Listing Agency:
RE/MAX
Listed By:
Agustin Duarte · License #A11825546
(305) 450-5992
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 15
Last Checked: Oct 16 at 5:42AM
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 RE/MAX
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Investment Insights
Based on property information with market context.
An investment opportunity is available along the West Hialeah TOD, featuring two individual warehouses on West 21st Street. Each warehouse is approximately 0.15 acres, around 6,700 square feet, with each warehouse measuring approximately 5,014 square feet. The property features one individual, flex space warehouse. The warehouses are occupied by the owner/user. Hialeah and Medley are key industrial hubs in Miami, known for their inventory and connectivity. Most industrial properties are in the southeastern region near Interstate 95, providing Hialeah's industrial tenants access to South Florida. Sales volume has decreased since 2023, following a surge. In the past 12 months, transaction activity has totaled $96.1 million, down from the peak annual volume of over $234 million in 2021 and below the five-year average annual volume of $151 million. The industrial cap rate averaging 5.6% in the last year, compared to 6.0% four quarters ago, has contributed to rising prices since 2019.
Key Highlights
- Prime investment opportunity in West Hialeah TOD (Transit Oriented Development) area.
- Two individual warehouses available, each approximately 5,014 square feet.
- Located in Hialeah, a key industrial hub in Miami with substantial inventory and connectivity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,831
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,276,620
$2.3M
Cap Rate 7%
$1,626,157
$1.6M
Cap Rate 9%
$1,264,789
$1.3M
Market Conditions
NOI Build-Up for 10,028 SF
Gross rent
$172.1K $17.16/SF
− Vacancy
−$9.5K −$0.94/SF
EGI
$162.6K $16.22/SF
− OpEx
−$48.8K −$4.86/SF
NOI
$113.8K $11.35/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,276,620
Cap Rate 7%
$1,626,157
Cap Rate 9%
$1,264,789
Alternative Uses
Best Use
Flex RnD
$2.16M
$1.89M – $2.52M
NOI $151,118 @ 7.0% cap · market cap 11.62%
Second Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,224 @ 7.0% cap · market cap 10.63%
Theoretical Best
Office A
$3.95M
$3.45M – $4.60M
NOI $276,291 @ 7.0% cap · market cap 21.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Explore this area
Business Placement
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Two flex space warehouses in Hialeah, prime investment opportunity.
Where is this industrial property located?
The property is located at 371 West 21st Street Hialeah, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime investment opportunity in West Hialeah TOD (Transit Oriented Development) area.; Two individual warehouses available, each approximately 5,014 square feet.; Located in Hialeah, a key industrial hub in Miami with substantial inventory and connectivity.
