Hialeah Warehouse with Transit
For Sale
Contact for pricing
1677 W 31st Pl, Hialeah, FL 33012
16,100 SF warehouse near transit, flexible occupancy.
Property Size16,100 SF
Price / SF$248.45
Days on Market1454
Property Features for 1677 W 31st Pl
General Information
Standard status
Active
Size
16,100 SF
Property subtype
Industrial
Building Details
Year Built
1965
Listing Agency:
The Hype Group
(305) 592-1588
Listed By:
Raul Pino · License #FL 3423287
Source:
Crexi
Added: Aug 12, 2022
Changed: Jul 6
Last Checked: Aug 3 at 2:18PM
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 The Hype Group
Investment Insights
Based on property information with market context.
This 16,100 sqft warehouse features three grade level doors, including one dock door, with street access at both the front and back. The property can be delivered vacant or with a tenant in place by December 31, 2025. Located 1.5 miles from Okeechobee Metrorail and 1.9 miles from Palmetto Metrorail, it offers transit connectivity. The warehouse has received its 40-year recertification and is located near Miami International Airport. This well-maintained warehouse is suitable for investors.
Key Highlights
- Strategic location: Proximity to Miami International Airport.
- Excellent transit connectivity: Just 1.5 miles from Okeechobee Metrorail and 1.9 miles from Palmetto Metrorail.
- Flexible logistics: Features three grade‑level doors, including one dock door, with street access at both front and back.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.3k | $17.16 |
| − Vacancy | −$15.2k | −$0.94 |
| EGI | $261.1k | $16.22 |
| − OpEx | −$39.2k | −$2.43 |
| NOI | $221.9k | $13.78 |
16,100 SF · lease $17.16/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.17M
$2.77M – $3.70M
NOI $221,919 @ 7.0% cap · market cap 5.55%
Second Best
Industrial
$2.61M
$2.28M – $3.05M
NOI $182,757 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$6.34M
$5.54M – $7.39M
NOI $443,587 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
Market
Properties on Market for Warehouses in Miami-Dade County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 16,100 SF warehouse near transit, flexible occupancy.
Where is this warehouse located?
The property is located at 1677 W 31st Pl Hialeah, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Strategic location: Proximity to Miami International Airport.; Excellent transit connectivity: Just 1.5 miles from Okeechobee Metrorail and 1.9 miles from Palmetto Metrorail.; Flexible logistics: Features three grade‑level doors, including one dock door, with street access at both front and back.
