Back to Search

West Hialeah Industrial Investment Opportunity

371 West 21st Street Hialeah, FL 33010

371 West 21st Street, Hialeah, FL, 33010

$1,300,000

For Sale

$1,300,000

Two flex space warehouses in Hialeah, prime investment opportunity.

Property Size10,028 SF

Price / SF$129.64

AddedSep 25, 2025

Days on Market294

Last RefreshJul 15 at 1:24 am

Property Features for 371 West 21st Street

General Information

Standard status: Active
Size: 10,028 SF
Property subtype: Industrial

Listing office RE/MAX

Listing date Sep 25, 2025

Source Remaxcommercial

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

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.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$172.1k	$17.16
− Vacancy	−$9.5k	−$0.94
EGI	$162.6k	$16.22
− OpEx	−$48.8k	−$4.86
NOI	$113.8k	$11.35

10,028 SF · lease $17.16/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Flex RnD

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,118 @ 7.0% cap · market cap 11.62%

Second Best

Warehouse

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,224 @ 7.0% cap · market cap 10.63%

Theoretical Best

Office A

$3.95M

$3.45M – $4.60M (±1% cap)

NOI $276,291 @ 7.0% cap · market cap 21.25%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

D'Capri Furniture & Mattress ... Furniture & Home Goods

Suggested Use

Similar For Sale Nearby

$2,399,000

Industrial Property with High Dock

Industrial distribution opportunity with a high dock loading setup and a separately leased front restaurant unit.

3595 NW 54th St, Hialeah, FL 33142

View Details
$7,900,000

Two-Story Medical Office Building

Modern two-story facility built in 2008 with elevator access, parking, and a vacant second floor for immediate medical use.

6545 NW 169th St, Hialeah, FL 33015

View Details
$2,300,000

Corner Auto Dealership and Tire Store

Corner site with contiguous parcels and an operating car dealership plus tire store.

2045 E 4th Ave, Hialeah, FL 33010

View Details
$3,500,000

Leased Warehouse with Office Space

Built in 2022, the warehouse includes office and mezzanine space with three dock-height overhead doors and ESFR sprinklers.

8565 W 44th Ave, Hialeah, FL 33018

View Details
$750,000

4,312 SF

Income Duplex with Independent Units

Large duplex features three central A/C units, two laundry rooms, and separate operations for each independently run unit.

447 E 32nd St, Hialeah, FL 33013

View Details
$1,500,000

Corner Lot Development Site

Corner lot in Hialeah suited for a clinic, doctors’ office, travel services, or a mixed-use project.

3521 E 4th Ave, Hialeah, FL 33013

View Details
$1,800,000

Turnkey Auto Body Shop Facility

Fully operational auto body shop with two paint booths, office space, and day-one permitting for owner-operators and investors.

1025 E 45th St, Hialeah, FL 33013

View Details
$11,600,000

Mixed-Use NNN Retail Center

32,362 SF NNN retail center with 95% occupancy and tenants paying taxes, insurance, and CAM directly.

4355 W 16th Ave, Hialeah, FL 33012

View Details
$5,250,000

Light Industrial Warehouse with 3 Doors

Well-maintained light industrial building with three grade level doors and 19-foot ceilings, delivered vacant at closing.

455 E 10th Ave, Hialeah, FL 33010

View Details
$110,000

Fully Equipped Restaurant Kitchen

Turnkey commercial kitchen setup with industrial equipment included, suitable for food production and prepared menu concepts.

1262 Palm Ave, Hialeah, FL 33010

View Details
$155,000

Turnkey Mini Market Business

Established mini market in a residential area, offered business-only with equipment and inventory included.

1574 W 39 Place, Hialeah, FL 33012

View Details
$4,500,000

12,200 SF

Two-Story Warehouse and Retail Building

Two-story warehouse and retail storefront space with street-facing frontage, three truck-height loading doors, and dedicated parking.

249-275 W 29th St, Hialeah, FL 33012

View Details

For sale
Industrial properties
FL
Hialeah
33010
371 West 21st Street

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.