Industrial Distribution
For Sale
$8,200,000
7620 W 2nd Court, Hialeah, FL 33014
Industrial facility for sale with 18’ clear height, dock-high doors, 3,000 amps of power, and a paved yard.
Property Size36,326 SF
Lot Size1.42 Acres
Price / SF$225.73
Days on Market224
Property Features for 7620 W 2nd Court
General Information
Standard status
Active
Size
36,326 SF
Lot size
1.42 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
4
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
36,326 SF
Year Built
1968
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Raul A Pino · License #3423287
(786) 503-5583
Source:
Silverleafrealtygroup
Added: Mar 11
Changed: Oct 17
Last Checked: Oct 19 at 4:12PM
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 The Hype Real Estate Group Corp
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Investment Insights
Based on property information with market context.
This industrial distribution facility totals 36,326 SF, including approximately 3,000 SF of office with flexible split options of either 16,000 SF or 20,000 SF. Warehouse improvements include 18’ clear height, four dock-high doors, and one ramp. The property is fully sprinklered and secured, and it includes approximately 3,000 amps of 480V 3-phase power, along with new AC and strong ventilation.
The building is situated on a 1.42-acre paved yard site and is described as having excellent access to I-75, Palmetto, Dolphin, I-95, MIA Cargo, and PortMiami.
Operationally, the configuration supports logistics and distribution needs, with the office component offering flexible allocation between the stated split options.
The building is situated on a 1.42-acre paved yard site and is described as having excellent access to I-75, Palmetto, Dolphin, I-95, MIA Cargo, and PortMiami.
Operationally, the configuration supports logistics and distribution needs, with the office component offering flexible allocation between the stated split options.
Key Highlights
- 36,326 SF industrial facility with flexible office split options of ±3,000 SF
- 18’ clear height with 4 dock‑high doors plus 1 ramp
- 3,000 amps of 480V 3‑phase power and new AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$547,418
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,948,360
$10.9M
Cap Rate 7%
$7,820,257
$7.8M
Cap Rate 9%
$6,082,422
$6.1M
Market Conditions
NOI Build-Up for 36,326 SF
Gross rent
$915.4K $25.20/SF
− Vacancy
−$73.2K −$2.02/SF
EGI
$842.2K $23.18/SF
− OpEx
−$294.8K −$8.11/SF
NOI
$547.4K $15.07/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,948,360
Cap Rate 7%
$7,820,257
Cap Rate 9%
$6,082,422
Alternative Uses
Best Use
Flex RnD
$7.82M
$6.84M – $9.12M
NOI $547,418 @ 7.0% cap · market cap 6.68%
Second Best
Warehouse
$7.15M
$6.26M – $8.35M
NOI $500,709 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$14.30M
$12.51M – $16.68M
NOI $1,000,854 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
4
Dock-high doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Aj Catering — 6887 W 4th Ave, Hialeah, FL 33014
- Addy's Exquisite Meals & Catering
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility for sale with 18’ clear height, dock-high doors, 3,000 amps of power, and a paved yard.
Where is this flex space located?
The property is located at 7620 W 2nd Court Hialeah, FL.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: 36,326 SF industrial facility with flexible office split options of ±3,000 SF; 18’ clear height with 4 dock‑high doors plus 1 ramp; 3,000 amps of 480V 3‑phase power and new AC
