Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1040 26Th St Hialeah, FL 33013

    • Manufacturing properties
    • 12,000 SF
    • 0.42 lot acres
    For Sale
    View listing
    $4,999,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5088470
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • B & R Marine / Boat Dealer

    Property Details for 1040 26Th St

    Year built
    1952
    Construction
    CONCRETE
    Lot size
    0.42 lot acres
    Property size
    12,000 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    04-3108-002-1390
    APU
    431080021390

    Description

    This 12,000-square-foot warehouse, built in 1952, is located at 1040 E 26th Street in Hialeah, Florida, 33013, within Miami-Dade County. Currently owner-occupied by a marine boating company for over three decades, this industrial property presents a unique investment opportunity. The warehouse is easily divisible into bays, offering potential for future rental income generation. Its strategic location offers significant advantages. The property enjoys proximity to the Tri Rail station, providing convenient access to public transportation. Furthermore, it benefits from its adjacency to several large-scale, ongoing developments. These include the Metro Parc Hialeah project (over 1,600 luxury rental units), Midtown Park (over 612 luxury rental units), and the 1025 Metro & 1067 Motion project (over 283 luxury units). These substantial developments are transforming the surrounding area, creating a highly desirable and appreciating location. This makes this warehouse an ideal investment for those seeking to capitalize on the revitalization of Hialeah. The asking price for this exceptional property is $4,999,999.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,420,000
      Market price range: $608k - $2.52M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,580,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2616
    Latitude
    25.8461
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,055
    $1,356,675
    $221,325
    $1,578,000
    -
    $1,356,675
    $221,325
    $1,578,000

    Comparable in this City

    • Value Estimation
      $1,705,000
      18,883 SF

      1000 23rd St

      MANUFACTURING (LIGHT) • 18,883 SF
      1000 23rd St, Hialeah, FL 33013-4322
      View Details
    • Value Estimation
      $775,000
      7,800 SF

      1050 24th St

      MANUFACTURING (LIGHT) • 7,800 SF
      1050 24th St, Hialeah, FL 33013-4324
      View Details
    • Value Estimation
      $820,000
      8,000 SF

      1093 47th St

      MANUFACTURING (LIGHT) • 8,000 SF
      1093 47th St, Hialeah, FL 33013-2139
      View Details
    • Value Estimation
      $660,000
      4,995 SF

      1002 27th St

      MANUFACTURING (LIGHT) • 4,995 SF
      1002 27th St, Hialeah, FL 33013-3720
      View Details
    • Value Estimation
      $1,210,000
      12,760 SF

      1053 29th St

      MANUFACTURING (LIGHT) • 12,760 SF
      1053 29th St, Hialeah, FL 33013-3517
      View Details
    • Value Estimation
      $925,000
      9,300 SF

      1084 31st St

      MANUFACTURING (LIGHT) • 9,300 SF
      1084 31st St, Hialeah, FL 33013-3522
      View Details

    Similar Nearby for Sale

    • $7,000,000

      Hialeah Multi-Tenant Industrial Property

      Fully leased industrial property in Hialeah's Ingleside Park district.
      4125 E 10Th Ct, Hialeah, FL 33013
      View Details
    • Contact for pricing

      Hialeah Industrial Warehouse For Sale

      43,000 SF warehouse in Hialeah's industrial corridor.
      3925 E 10Th Ct, Hialeah, FL 33013
      View Details
    • $4,999,000
      12,000 SF

      Hialeah Industrial Property for Sale

      Industrial property in Hialeah, ready for new ownership.
      1040 East 26Th St, Hialeah, FL 33013
      View Details
    • $950,000

      Hialeah Industrial/Manufacturing Building For Sale

      4,000 SF industrial building in Hialeah, dock height.
      4811 E 11Th Ave, Hialeah, FL 33013
      View Details
    • $1,799,000

      Hialeah Warehouse: Prime Investment

      7,126 sq ft Warehouse, Excellent Condition
      4855 10Th Ct, Hialeah, FL 33013
      View Details
    • $3,500,000

      Hialeah Warehouse Portfolio - $3.5M

      Four Industrial Properties, Rezoning Potential
      4265 8Th Ave, Hialeah, FL 33013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,701 SF

      Hialeah Industrial Space - 4,702 SF

      Prime Hialeah manufacturing/warehouse. High-traffic location.
      4265 11Th Ave, Hialeah, FL 33013
      View Details
    • $18 SF/Yr
      7,310 SF

      Hialeah Warehouse Space Available

      Warehouse space available for lease in Hialeah, Florida.
      3640-3650 E 10Th Ct, Hialeah, FL 33013
      View Details
    • $14 SF/Yr
      19,911 SF

      Hialeah Warehouse Space For Lease

      Hialeah warehouse space available for lease February 15, 2025.
      1060 East 23Rd St, Hialeah, FL 33013
      View Details
    • $18 SF/Yr
      14,620 SF

      Hialeah Warehouse Available For Lease

      7,310 SF warehouse with office space, available March 2025.
      3650 East 10Th Ct, Hialeah, FL 33013
      View Details
    • $0.03 SF/Yr
      7,200 SF

      Hialeah Warehouse: 7,200 SF Available

      Single-tenant warehouse, ideal for industrial use.
      1054 27Th St, Hialeah, FL 33013
      View Details
    • $228 SF/Yr
      5,000 SF

      Hialeah Warehouse: 5,000 SF

      Prime Hialeah warehouse, excellent location.
      4955 10Th Ave, Hialeah, FL 33013
      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.
    1040 26Th St
    Hialeah, FL 33013
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.