Industrial Warehouse with Roll-Up
For Sale
Contact for pricing
8071 West 21st Court, Hialeah, FL 33016
Leased industrial space with substantial clear height and access to major regional transportation connections.
Property Size1,490 SF
Price / SF$328.86
Days on Market8
Property Features for 8071 West 21st Court
General Information
Standard status
Active
Size
1,490 SF
Class
D
Property subtype
Retail, Industrial
Occupancy
100%
Lease Type
Gross
Additional Details
Gross Income
$33,600
Highway Access
Yes
Clear Height
20 ft
Building Details
Year Built
1977
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Silverleaf Realty Group
Listed By:
Mario Francisco Frech P.A · License #3356151
Source:
Crexi
Added: Aug 27
Changed: Sep 2
Last Checked: Sep 2 at 1:01PM
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 Silverleaf Realty Group
Investment Insights
Based on property information with market context.
This 1,490-square-foot industrial warehouse unit was built in 1977 and is leased to two month-to-month tenants. The space provides 20-foot clear ceiling height and an 18-foot roll-up bay door, supporting storage, distribution, and light manufacturing uses. Building improvements include completion of a 40-year recertification and a roof that is three years old.
The property is in Hialeah with connectivity to I-95, Florida’s Turnpike, Miami International Airport, and the Port of Miami. Its industrial configuration combines functional loading access with vertical storage capacity and flexible occupancy terms.
The property is in Hialeah with connectivity to I-95, Florida’s Turnpike, Miami International Airport, and the Port of Miami. Its industrial configuration combines functional loading access with vertical storage capacity and flexible occupancy terms.
Key Highlights
- 1,490 SF industrial warehouse unit
- 20‑foot clear ceiling height
- 18‑foot roll‑up bay door
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
$20,538
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
4.19%
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%
$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
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
$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 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%
$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 4.19%
Second Best
Industrial
$241.6K
$211.4K – $281.9K
NOI $16,913 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$586.5K
$513.2K – $684.2K
NOI $41,052 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,607
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Leased industrial space with substantial clear height and access to major regional transportation connections.
Where is this warehouse located?
The property is located at 8071 West 21st Court Hialeah, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 1,490 SF industrial warehouse unit; 20‑foot clear ceiling height; 18‑foot roll‑up bay door
