Hialeah Freestanding Industrial
For Sale
Contact for pricing
7215 W 20th Ave, Hialeah, FL 33014
45,409 SF industrial building with Palmetto Expressway frontage.
Property Size45,409 SF
Lot Size1.57 Acres
Price / SF$259.86
Days on Market199
Property Features for 7215 W 20th Ave
General Information
Standard status
Active
Size
45,409 SF
Lot size
1.57 Acres
Property subtype
Industrial
Lease Type
Gross
Building Details
Tenancy
Single
Listing Agency:
Industrial Advisors Miami
(305) 975-3209
Listed By:
Tommy Gil · License #FL 3041739
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 Industrial Advisors Miami
Investment Insights
Based on property information with market context.
Available for sale or lease, this freestanding industrial building offers 45,409 square feet of space in Hialeah's North Dade submarket. The property includes 4,110 square feet of office/showroom space and is situated on a 68,342 square foot lot. It features five dock-high doors, one concrete ramp, and a 17-foot clear ceiling height. The building is equipped with heavy 3-phase power, a steel bar joist roof, and a concrete block exterior. A secure, gated rear yard and fire sprinklers throughout the building add to its functionality. There are 35 parking spaces available. The property benefits from direct frontage on the Palmetto Expressway, providing exposure to over 200,000 cars per day and immediate access to I-75, the Florida Turnpike, and the Gratigny Expressway. Its location is close to Miami International Airport and the Port of Miami, making it suitable for logistics and distribution purposes.
Key Highlights
- Prime Location: Direct frontage on Palmetto Expressway with exposure to 200,000+ cars daily and immediate access to major highways.
- Substantial Industrial Space: 45,409 SF freestanding building suitable for various industrial uses.
- Logistics & Distribution Hub: Close proximity to Miami International Airport & Port of Miami.
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
$789,572
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
6.69%
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%
$15,791,440
$15.8M
Cap Rate 7%
$11,279,600
$11.3M
Cap Rate 9%
$8,773,022
$8.8M
Market Conditions
NOI Build-Up for 45,409 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
$1.23M $27.00/SF
− Vacancy
−$98.1K −$2.16/SF
EGI
$1.13M $24.84/SF
− OpEx
−$338.4K −$7.45/SF
NOI
$789.6K $17.39/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$15,791,440
Cap Rate 7%
$11,279,600
Cap Rate 9%
$8,773,022
Alternative Uses
Best Use
Retail
$11.28M
$9.87M – $13.16M
NOI $789,572 @ 7.0% cap · market cap 6.69%
Second Best
Warehouse
$8.94M
$7.82M – $10.43M
NOI $625,907 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$17.87M
$15.64M – $20.85M
NOI $1,251,109 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 33014, FL
40,261
Population
15,319
Households
2.6
Avg Household Size
43
Median Age
29%
College-Educated
84%
High-School Grad
6.5 sq mi
ZIP Area
6,194
Density / Sq Mi
$74,934
Median Household Income
$40,003
Median Earnings
$1,720
Median Rent
$398,400
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?
Industrial property - 45,409 SF industrial building with Palmetto Expressway frontage.
Where is this industrial property located?
The property is located at 7215 W 20th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: Prime Location: Direct frontage on Palmetto Expressway with exposure to 200,000+ cars daily and immediate access to major highways.; Substantial Industrial Space: 45,409 SF freestanding building suitable for various industrial uses.; Logistics & Distribution Hub: Close proximity to Miami International Airport & Port of Miami.
