Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7880 20Th Ave Hialeah, FL 33016
    Back to Search
    Property profile & analytics

    7880 20Th Ave, Hialeah, FL 33016

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Living Water Plumbing Services Co / Plumbing Service / General Contractor
    • Miami Bad Girlz / Film Production / Television Studio
    • Sun Wiring, Inc. / Construction Company / General Contractor
    • Meridiani Interior / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Citizen Protection Inc / Electronics & Wireless Store

    Property Details for 7880 20Th Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 1,500 square foot single-tenant warehouse is ideally situated in a commercial park on West 20th Avenue, boasting convenient Palmetto frontage road access. The property features a 19-foot high twin tee roof, providing ample vertical space for storage or operations. Approximately 10% of the space is dedicated to office area, complemented by a newer bathroom. Three assigned parking spaces are included for added convenience. The warehouse benefits from its strategic location, offering easy access to major highways including I-75, the Florida Turnpike, and SR 826. The zoning designation is 7100. The property is a single-story building with one suite, identified by APN 04-20-27-110-0380. The open warehouse area provides flexibility for various business needs. Prospective tenants should have excellent credit and be prepared to provide first month's rent and a two-month security deposit. Association approval is required. Available September 1st, 2024. This property is expected to lease quickly.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3249
    Latitude
    25.8933

    Comparable in this City

    • Value Estimation by Request

      2039 62Nd St

      Distribution properties
      2039 62Nd St, Hialeah, FL 33016
      View Details
    • Value Estimation by Request
      1,516 SF

      7760 20Th Ave

      Distribution properties
      7760 20Th Ave, Hialeah, FL 33016
      View Details
    • Value Estimation by Request

      7760 20Th Ave

      Distribution properties
      7760 20Th Ave, Hialeah, FL 33016
      View Details
    • Value Estimation by Request
      1,480 SF

      8044 21St Ct

      Distribution properties
      8044 21St Ct, Hialeah, FL 33016
      View Details
    • Value Estimation by Request

      7963 28Th Ave

      Distribution properties
      7963 28Th Ave, Hialeah, FL 33016
      View Details
    • Value Estimation by Request

      7760 20Th Ave

      Distribution properties
      7760 20Th Ave, Hialeah, FL 33016
      View Details

    Similar Nearby for Sale

    • $3,675,000

      Hialeah Warehouse/Showroom Business Opportunity

      Established stone supply and distribution business with warehouse and showroom.
      2757 W 77Th Pl, Hialeah, FL 33016
      View Details
    • Contact for pricing

      Well-Maintained Warehouse Property For Sale

      Versatile industrial space suitable for storage, distribution, or light manufacturing.
      2431 W 80Th St, Hialeah, FL 33016
      View Details
    • New
      $1,100,000
      2,914 SF

      Miami Lakes Recording Studio

      Turnkey creative space in Miami Lakes for sale.
      14066 NW 82Nd Ave, Miami Lakes, FL 33016
      View Details
    • Contact for pricing
      1,050 SF

      Hialeah Warehouse Condo Units

      Two warehouse condo units in Hialeah with permitted mezzanine.
      2450 W 82Nd St, Hialeah, FL 33016
      View Details
    • Contact for pricing
      1,300 SF

      Hialeah Warehouse with Office

      1,300 SF warehouse with air-conditioned office in Hialeah.
      2219 W 80Th St, Hialeah, FL 33016
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dock High Warehouse Space

      Functional commercial space ideal for manufacturing, distribution, or storage.
      2500 W 84Th St, Hialeah, FL 33016
      View Details
    • Contact for pricing
      2,250 SF

      Miami Lakes Flex Office/Warehouse

      Turnkey flex office/warehouse space available for lease.
      8195 Nw 98Th St, Miami Lakes, FL 33016
      View Details
    • Contact for pricing

      Hialeah Warehouse/Flex-Space with Office

      1500 SF warehouse/flex-space with office in Hialeah, Florida.
      2545 W 80Th St, Hialeah, FL 33016
      View Details
    • Contact for pricing
      2,146 SF

      Hialeah Industrial Space Available

      Industrial property available for lease in Hialeah, Florida.
      2075-2129 W 76Th St, Hialeah, FL 33016
      View Details
    • Contact for pricing

      Hialeah Flex Space For Rent

      Flex space available in Hialeah, close to major highways.
      2562 W 84Th St, Hialeah, FL 33016
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7880 20Th Ave
    Hialeah, FL 33016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7880 20Th Ave, Hialeah, FL, 33016
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!