Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11921 Okeechobee Rd Hialeah Gardens, FL 33018-2918
    Back to Search
    Property profile & analytics

    11921 Okeechobee Rd, Hialeah Gardens, FL 33018-2918

    View on Map
    • Warehouses
    • 7,174 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US18-1544354
    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
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 11921 Okeechobee Rd

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    0.45 lot acres
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Warehouses
    APN
    27-2032-018-0010
    APU
    2720320180010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 25, 2013 $750,000 Ski Rock LLC Oliva Investments Holdings INC Warranty Deed $1M · Bankunited NA
    Sep 26, 2006 — Oliva Investments Holdings INC Oliva,jose & Yasimy Quit Claim Deed —
    — — Oliva Investments Holdings INC — Deed Of Trust · related $635k · Wachovia Bank NA
    — — Oliva Investments Holdings INC — Deed Of Trust · related $325k · Wachovia Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,650,000
      6.5%
      $1,520,000
      7%
      $1,415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $708,000
      Market price range: $261k - $1.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3599
    Latitude
    25.8829
    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
    $19,068
    $817,782
    $164,351
    $982,133
    -
    $817,782
    $164,351
    $982,133

    Comparable in this City

    • Value Estimation
      $32,035,000
      137,666 SF

      10910 144th St

      WAREHOUSE, STORAGE
      10910 144th St, Hialeah Gardens, FL 33018-1214
      View Details
    • Value Estimation
      $3,570,000
      23,859 SF

      13395 107th Ave

      WAREHOUSE, STORAGE
      13395 107th Ave, Hialeah Gardens, FL 33018-1103
      View Details
    • Value Estimation by Request
      1,808 SF

      13117 107th Avee9

      WAREHOUSE, STORAGE
      13117 107th Avee9, Hialeah Gardens, FL 33018-1165
      View Details
    • Value Estimation
      $795,000
      4,954 SF

      3171 81st St

      WAREHOUSE, STORAGE
      3171 81st St, Hialeah, FL 33018-5807
      View Details
    • Value Estimation
      $5,515,000
      39,315 SF

      2900 84th St

      WAREHOUSE, STORAGE
      2900 84th St, Hialeah, FL 33018-4919
      View Details
    • Value Estimation
      $30,760,000
      214,502 SF

      4280 104th St, Unit 1

      WAREHOUSE, STORAGE
      4280 104th St, Hialeah, FL 33018-1434
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Unit Warehouse with Offices

      Functional warehouse with office space, ideal for logistics and distribution.
      9180 Nw 119Th St, Hialeah Gardens, FL 33018
      View Details
    • $3,500,000
      Pending

      Modern Hialeah Warehouse Investment Opportunity

      New warehouse with long-term tenant in prime industrial location.
      8565 W 44 Ave, Hialeah, FL 33018
      View Details
    • Contact for pricing

      Hialeah Gardens Warehouse with Offices

      Functional warehouse with office space, ideal for logistics.
      9180 NW 119Th St, Hialeah Gardens, FL 33018
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hialeah Gardens Industrial Warehouse Space

      Class A industrial warehouse space for lease in Hialeah Gardens.
      10900 NW 146Th St, Hialeah, FL 33018
      View Details
    • $15 SF/Yr
      134,268 SF

      Hialeah Gardens Industrial Property

      Industrial property in Hialeah Gardens with excellent connectivity.
      14101 Northwest 112Th Ave, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing
      2,500 SF

      Hialeah Gardens Mixed-Use Property

      Industrial building with warehouses and retail space available for rent.
      8851 NW 117Th 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
    • Contact for pricing

      Hialeah Gardens Warehouse For Lease

      1,130 SF Warehouse, Excellent Location
      10780 138Th St, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing
      49,767 SF

      Industrial Space For Lease

      Industrial space for lease in a prime location.
      3850 W 108 Ter, Hialeah, FL 33018
      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.
    11921 Okeechobee Rd
    Hialeah Gardens, FL 33018-2918
    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
    11921 Okeechobee Rd, Hialeah Gardens, FL, 33018
    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!