Warehouse with
New
For Sale
$440,000
7880 W 20th Ave # 31, Hialeah, FL 33016
The unit includes dedicated office space and a bathroom.
Property Size1,490 SF
Days on Market5
Property Features for 7880 W 20th Ave # 31
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Industrial
Building Details
Building Size
1,490 SF
Year Built
1986
Listing Agency:
Lapeyre Realty Inc
Listed By:
Olga Alcantara · License #3112905
(786) 487-6584
Source:
Marcelosteinmander
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:23PM
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 Lapeyre Realty Inc
Investment Insights
Based on property information with market context.
This warehouse unit includes office space and a bathroom, providing a combination of warehouse and administrative areas. The building dates to 1986 and is located at 7880 W 20th Ave in Hialeah, Florida.
Key Highlights
- Office space within the warehouse unit
- Bathroom included
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,538
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,760
$410.8K
Cap Rate 7%
$293,400
$293.4K
Cap Rate 9%
$228,200
$228.2K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$25.6K $17.16/SF
− Vacancy
−$1.4K −$0.94/SF
EGI
$24.2K $16.22/SF
− OpEx
−$3.6K −$2.43/SF
NOI
$20.5K $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 Rate 5%
$410,760
Cap Rate 7%
$293,400
Cap Rate 9%
$228,200
Alternative Uses
Best Use
Warehouse
$293.4K
$256.7K – $342.3K
NOI $20,538 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.5K
$513.2K – $684.2K
NOI $41,052 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,726
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The unit includes dedicated office space and a bathroom.
Where is this warehouse located?
The property is located at 7880 W 20th Ave # 31 Hialeah, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Office space within the warehouse unit; Bathroom included; Built in 1986
