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    10840 138th St, Unit 1A Hialeah Gardens, FL 33018-1115
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    Property profile & analytics

    10840 138th St, Unit 1A Hialeah Gardens, FL 33018-1115

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    • Warehouses
    • 1,511 SF
    Off-Market
    Property ID
    US18-1528461
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 10840 138th St

    Year built
    2007
    Property size
    1,511 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Warehouses
    APN
    27-2030-020-0010
    APU
    2720300200010

    Description

    This exceptional 1,732 square foot warehouse condo, located at 10840 NW 138th St #A in Hialeah Gardens, Florida (zip code 33018), presents a unique investment opportunity. The property is zoned 7100 (Light Industrial) and features a single-tenant occupancy within a larger business park. The warehouse boasts a 20-foot clear ceiling height, providing ample vertical storage space. Included is a sizable office area (150+ sq ft) and a permitted load-bearing mezzanine, significantly increasing storage capacity. Three assigned parking spaces are provided for convenience. Access is facilitated by one street-level loading door. Enjoy stunning lakefront views from this centrally located warehouse, offering quick access to major transportation arteries including I-75, Okeechobee Road, the Turnpike (north and south), and the Palmetto Expressway. Its prime location on NW 138th Street places it within walking distance of a Home Depot. This property is ideally suited for a variety of businesses, including courier services, e-commerce operations, freight forwarding, import/export distribution, and light manufacturing. The APN is 27-20-30-020-0060.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3745
    Latitude
    25.8981
    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
    $5,069
    $0.00
    $0.00
    $339,975
    -
    $0.00
    $0.00
    $339,975

    Comparable in this City

    • Value Estimation
      $4,090,000
      27,278 SF

      13460 107th Ave

      WAREHOUSE, STORAGE • 27,278 SF
      13460 107th Ave, Hialeah Gardens, FL 33018-1184
      View Details
    • Value Estimation
      $4,650,000
      31,354 SF

      13650 107th Ave

      WAREHOUSE, STORAGE • 31,354 SF
      13650 107th Ave, Hialeah Gardens, FL 33018-1274
      View Details
    • Value Estimation by Request
      1,808 SF

      13117 107th Avee18

      WAREHOUSE, STORAGE • 1,808 SF
      13117 107th Avee18, Hialeah Gardens, FL 33018-1165
      View Details
    • Value Estimation
      $1,785,000
      11,651 SF

      8170 30th Ct

      WAREHOUSE, STORAGE • 11,651 SF
      8170 30th Ct, Hialeah, FL 33018-3820
      View Details
    • Value Estimation
      $47,595,000
      333,414 SF

      4040 108th St

      WAREHOUSE, STORAGE • 333,414 SF
      4040 108th St, Hialeah, FL 33018-1271
      View Details
    • Value Estimation
      $805,000
      4,954 SF

      3192 81st St

      WAREHOUSE, STORAGE • 4,954 SF
      3192 81st St, Hialeah, FL 33018-5808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hialeah Warehouse with Loading Doors

      Industrial warehouse space featuring street-level loading and high ceilings.
      12905 W Okeechobee Rd, Hialeah, FL 33018
      View Details
    • $425,000

      Warehouse with Office Flex Space

      Warehouse with office space, tenant occupied, close to highways.
      2970 W 84Th St, Hialeah, FL 33018
      View Details

    Similar Nearby for Lease

    • $0.03 SF/Yr
      7,738 SF

      NW 146th St Warehouse Sublease

      7,738 SF Warehouse; 18 Months Left
      10900 146Th St, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing

      Hialeah Gardens Industrial Warehouse Space

      New industrial warehouse spaces for lease in Hialeah Gardens.
      10900 NW 146Th St, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing

      Hialeah Gardens Warehouse For Lease

      1,130 SF Warehouse, Excellent Location
      10780 138Th St, Hialeah Gardens, FL 33018
      View Details
    • $2,400 /Mo
      Pending

      Warehouse with Office in Hialeah

      Warehouse with office space available for lease in Hialeah Gardens.
      10770 NW 138Th St, Hialeah Gardens, FL 33018
      View Details
    • $2,600 /Mo
      1,198 SF

      Hialeah Warehouse/Flex Office Space

      Adaptable warehouse and flex office space in Hialeah Gardens.
      2954 W 84Th St, Hialeah, FL 33018
      View Details
    • Contact for pricing
      90,103 SF

      Hialeah Gardens Industrial Space

      Industrial space for lease in thriving South Florida market.
      14802 NW 107Th Ave, Hialeah, FL 33018
      View Details
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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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    10840 138th St, Hialeah Gardens, FL, 33018
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