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3100 84Th St Hialeah, FL 33018
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For Lease
$23 SF/Yr
Prime Hialeah warehouse, excellent I-75 access.
Lot size:
18,200 SF
Description
Added:
Dec 11, 2024
Days on Market:
414
This exceptional warehouse property in Hialeah, Florida, offers 18,200 square feet of industrial space, ideally situated with direct I-75 frontage for optimal visibility and accessibility. Built in 2002, the building features 18-foot clear ceiling heights, providing ample room for storage and operations. Eleven drive-in doors facilitate efficient loading and unloading, complemented by 30 total parking spaces for employees and visitors. The property boasts three-phase power and is zoned M-1 Industrial, suitable for a variety of uses. Two available units range from 1,500 to 1,800 square feet, each including a private air-conditioned office and restroom. Constructed with CBS construction and a pre-cast reinforced twin-T concrete roof deck, this building offers durability and longevity. The location provides convenient access to major roadways including I-75, Palmetto Expressway, Gratigny Expressway, Florida Turnpike, Okeechobee Road, Dolphin Expressway, and I-95, ensuring seamless transportation throughout the tri-county area. Its proximity to Opa-Locka Executive Airport and Miami International Airport, along with the Port of Miami, further enhances its strategic value. Situated in Miami-Dade County, one of the nation's most populous counties, this property benefits from a large and diverse labor pool and is near Miami Lakes, offering access to amenities such as hotels, restaurants, and shopping centers. The property is part of a gated and secure commerce park, ensuring a safe and controlled environment. Note that square footage dimensions are approximate and may vary per unit.
Property Features for 3100 84Th St
General Information
Property type
Distribution properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
18,200 SF
Total Rate
34883.33
Building Details
Year Built
2002
Unit(s) available at that property
Space
Unit #8
Size
1,500 SF
Rate per SF
$23
Space
Unit #8
Size
1,800 SF
Rate per SF
$23
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Listing Contact
Hilda Gutierrez
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Property Insight Report
HighLights
Secure, gated commerce park.
High‑visibility I‑75 frontage with excellent building signage opportunities.
Convenient location: 4 miles from proposed American Dream Mall, 5 miles from Miramar, 7 miles from Pembroke Pines, 15 miles from Weston.
Ample parking and easy access.
Ideal for light manufacturing, warehousing, showroom, e‑commerce, and distribution uses.
The Scale HouseScale SupplierProtokolo IncProfessional ServicesMiami FlyersPrint ShopTrinc-It DistributionWholesalerSparkling Pools and Spa ...Pool Cleaning Service
Distribution property - Prime Hialeah warehouse, excellent I-75 access.
Where is this distribution property located?
The property is located at 3100 84Th St Hialeah, FL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Secure, gated commerce park.; High-visibility I-75 frontage with excellent building signage opportunities.; Convenient location: 4 miles from proposed American Dream Mall, 5 miles from Miramar, 7 miles from Pembroke Pines, 15 miles from Weston.
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3100 84Th St Hialeah, FL 33018
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Realmo Value Estimations
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.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
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.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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3100 84Th St Hialeah, FL 33018
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3100 84Th St, Hialeah, FL
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3100 84Th St, Hialeah, FL
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3100 84Th St, Hialeah, FL
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Listing Contact
Hilda Gutierrez
Real Estate License ID: BK 650492
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