Hialeah Industrial Building For
For Sale
Contact for pricing
455 E TENTH AVE, Hialeah, FL 33010
20,983 SF industrial building on 0.63-acre corner lot.
Property Size20,983 SF
Lot Size0.63 Acres
Price / SF$250.20
Days on Market77
Property Features for 455 E TENTH AVE
General Information
Standard status
Active
Size
20,983 SF
Class
B
Lot size
0.63 Acres
Property subtype
Industrial
Zoning
M-1 - Light Industrial - 7100
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1959
Year Renovated
1959
Buildings
1
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Trustpoint realty
(305) 200-0348
Listed By:
Joseph Suarez Esq. · License #3366522
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: Aug 8 at 7:34AM
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 Trustpoint realty
Investment Insights
Based on property information with market context.
The property features a ±20,983 square foot building situated on a ±27,443 square foot (0.63-acre) corner lot. Constructed in 1959, the building includes 19-foot ceilings and three grade-level doors. It benefits from on-site parking and 3-phase power. Zoned Light Industrial (7100), the property supports a wide range of operational uses including warehousing, distribution, light manufacturing, and storage. The building has recently completed a 40-year structural recertification. This property presents a strong opportunity for an owner-user or value-add investor.
Key Highlights
- ±20,983 SF building on a ±27,443 SF (0.63‑acre) corner lot
- Light Industrial (7100) zoning supports warehousing, distribution, light manufacturing, and storage
- Benefit from 19 foot ceilings
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
$289,225
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
5.51%
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%
$5,784,500
$5.8M
Cap Rate 7%
$4,131,786
$4.1M
Cap Rate 9%
$3,213,611
$3.2M
Market Conditions
NOI Build-Up for 20,983 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
$360.1K $17.16/SF
− Vacancy
−$19.8K −$0.94/SF
EGI
$340.3K $16.22/SF
− OpEx
−$51.0K −$2.43/SF
NOI
$289.2K $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%
$5,784,500
Cap Rate 7%
$4,131,786
Cap Rate 9%
$3,213,611
Alternative Uses
Best Use
Warehouse
$4.13M
$3.62M – $4.82M
NOI $289,225 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$3.40M
$2.98M – $3.97M
NOI $238,185 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$8.26M
$7.23M – $9.64M
NOI $578,124 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,715
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 20,983 SF industrial building on 0.63-acre corner lot.
Where is this warehouse located?
The property is located at 455 E TENTH AVE Hialeah, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: ±20,983 SF building on a ±27,443 SF (0.63‑acre) corner lot; Light Industrial (7100) zoning supports warehousing, distribution, light manufacturing, and storage; Benefit from **19 foot ceilings**
