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    573 27Th St Hialeah, FL 33010

    For Sale
    $2,600,000

    Multi-tenant warehouse, high cash flow.

    Property size:
    7,931 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a 7,931 square foot warehouse located at 573 W 27th St, Hialeah, FL 33010. The property, built in 1963 and situated on a 0.233-acre lot, consists of a single-story building with four individual units, currently leased to multiple tenants under a gross lease agreement. Each unit enjoys four parking spaces. The current lease terms are one-year, with two years remaining on the current agreements. The property boasts a strong net operating income (NOI) of $116,981, resulting in a 5.06% cap rate. The asking price is $2,600,000. The building has recently passed a 40-year city inspection. All units are currently occupied and generating below-market rents, presenting a significant opportunity for immediate cash flow and potential rental increases. This property is ideal for investors seeking a stable, high-yield investment in a prime Hialeah location. Lease renewal options are available. The property is zoned for commercial use, offering further potential for development or expansion. This is a rare chance to acquire a well-maintained, multi-tenant warehouse with significant upside potential.

    Property Features for 573 27Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    7,931 SF
    Lot Size
    10,149 SF

    Building Details

    Year Built
    1963
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Hialeah industrial warehouse investment opportunity: four units (573, 575, 581, 583) totaling 8,000 square feet, listed at $2.3 million.
    • 1963‑built warehouse with a recently passed 40‑year city inspection.
    • Fully occupied units in good condition, currently generating below‑market rents.
    • Excellent cash flow potential for investors; suitable for various commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.293706
    Latitude
    25.8463261

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant warehouse, high cash flow.
    Where is this distribution property located?
    The property is located at 573 27Th St Hialeah, FL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Hialeah industrial warehouse investment opportunity: four units (573, 575, 581, 583) totaling 8,000 square feet, listed at $2.3 million.; 1963-built warehouse with a recently passed 40-year city inspection.; Fully occupied units in good condition, currently generating below-market rents.
    Request Owner's contact information
    573 27Th St Hialeah, FL 33010
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    Hialeah, FL 33010
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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
    573 27Th St Hialeah, FL 33010
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