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    1099 23Rd St Hialeah, FL 33013

    Sponsored
    For Sale
    $1,500,000

    Industrial warehouse, 3 bays, high-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,000 square foot industrial warehouse, built in 1961, is strategically located on a corner lot at 1099 E 23rd St, Hialeah, FL 33013, in Miami-Dade County. The property currently houses a body shop and cafeteria, both operating under lease agreements. Each of the three bays offers 1,000 square feet of usable space. This prime location is situated within a transit-oriented development (TOD) zone, providing convenient access to the Tri Rail station. Furthermore, the property benefits from its proximity to several significant, upcoming developments, including the MG Developer's Metro Parc Hialeah (a three-tower, 10-story mixed-use residential project with over 1,600 luxury rental units), Strategic Properties & Continua Developments' Midtown Park (an 8-story residential apartment project with over 612 luxury rental units), and The Bec Group's 1025 Metro & 1067 Motion (a 10-story mixed-use residential project with over 283 luxury units). This presents a unique investment opportunity in a rapidly developing area with high growth potential. The asking price for this property is $1,500,000.

    Property Features for 1099 23Rd St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1961

    HighLights

    • $1,500,000 asking price.
    • 1961‑built industrial warehouse in Hialeah, FL.
    • 3,000 SF warehouse with three 1,000 SF bays, currently leased to a body shop and cafeteria.
    • Located in a transit‑oriented development (TOD) zone near Tri‑Rail.
    • Excellent location near major planned multifamily developments adding significant future value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.260214
    Latitude
    25.843863

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 3 bays, high-growth area.
    Where is this distribution property located?
    The property is located at 1099 23Rd St Hialeah, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 1961-built industrial warehouse in Hialeah, FL.; 3,000 SF warehouse with three 1,000 SF bays, currently leased to a body shop and cafeteria.
    Request Owner's contact information
    1099 23Rd St Hialeah, FL 33013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1099 23Rd St Hialeah, FL 33013
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