Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1651 W 37Th St, Unit 406 Hialeah, FL 33012
    Back to Search
    Property profile & analytics

    1651 W 37Th St, Unit 406 Hialeah, FL 33012

    View on Map
    • Manufacturing properties
    • 1,700 SF
    For Lease
    $19 SF/Yr
    View Listing →
    Hialeah Office/Warehouse Combination For Rent For Lease
    $19 SF/Yr

    Hialeah Office/Warehouse Combination For Rent

    Office/warehouse combination for rent in a centrally located Hialeah property.

    1651 W 37th St # 406, Hialeah, FL 33012
    View Listing
    Property ID
    US18-0102091
    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

    • Mia Recording studios / Recording Studio
    • Ts Medical Health Inc / Physician
    • Steps In the Right Direction / Social Service Agency / Charitable Organization
    • CM Community Services, Inc. / Crisis Center / Medical Clinic
    • Best Auto Services 2 / Auto Repair Shop

    Property Details for 1651 W 37Th St

    Year built
    1982
    Property size
    1,700 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    04-3002-087-0100
    APU
    430020870100

    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
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3156
    Latitude
    25.8557
    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
    $4,052
    $0.00
    $0.00
    $255,000
    -
    $0.00
    $0.00
    $255,000

    Comparable in this City

    • Value Estimation by Request
      1,636 SF

      3901 18th Ave Ste, Unit 901

      MANUFACTURING (LIGHT) • 1,636 SF
      3901 18th Ave Ste, Hialeah, FL 33012-7037
      View Details
    • Value Estimation by Request
      1,160 SF

      1767 37th St, Unit 12

      MANUFACTURING (LIGHT) • 1,160 SF
      1767 37th St, Hialeah, FL 33012-4666
      View Details
    • Value Estimation
      $1,250,000
      6,251 SF

      1600 38th Pl

      MANUFACTURING (LIGHT) • 6,251 SF
      1600 38th Pl, Hialeah, FL 33012
      View Details
    • Value Estimation by Request
      1,305 SF

      1671 38th Pl Ste, Unit 1406

      MANUFACTURING (LIGHT) • 1,305 SF
      1671 38th Pl Ste, Hialeah, FL 33012-7032
      View Details
    • Value Estimation by Request
      1,437 SF

      1631 38th Pl Ste, Unit 1504

      MANUFACTURING (LIGHT) • 1,437 SF
      1631 38th Pl Ste, Hialeah, FL 33012-7030
      View Details
    • Value Estimation by Request
      1,305 SF

      1670 39th Pl Ste, Unit 1302

      MANUFACTURING (LIGHT) • 1,305 SF
      1670 39th Pl Ste, Hialeah, FL 33012-7022
      View Details

    Similar Nearby for Sale

    • $424,125
      1,305 SF

      Hialeah Flex Condo Warehouse

      Versatile 1,305 SF flex condo warehouse in Hialeah.
      1670 W 38Th Pl, Hialeah, FL 33012
      View Details
    • $424,125

      Hialeah Flex Condo Warehouse

      Versatile 1,305 SF flex space in a prime location.
      1671 West 38Th Pl, Hialeah, FL 33012
      View Details
    • Contact for pricing
      1,305 SF

      Hialeah Industrial Condo For Sale

      Industrial condo with 20' clear height and mezzanine.
      1670 W 39Th Pl, Hialeah, FL 33012
      View Details
    • $424,125
      1,305 SF

      Hialeah Flex Condo Warehouse

      Versatile 1,305 SF flex condo warehouse in Hialeah.
      1671 W 38Th Pl, Hialeah, FL 33012
      View Details
    • Contact for pricing
      16,100 SF

      Hialeah Warehouse with Transit Access

      16,100 SF warehouse near transit, flexible occupancy.
      1677 W 31St Pl, Hialeah, FL 33012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,200 SF

      Hialeah Warehouse Space Available

      51,200 SF warehouse space for lease in Hialeah, Florida.
      3320 W 17Th Ct, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Hialeah Office/Warehouse Combination For Rent

      Office/warehouse combination for rent in a centrally located Hialeah property.
      1651 W 37Th St, Hialeah, FL 33012
      View Details
    • Contact for pricing
      20,000 SF

      Hialeah Warehouse Space Available

      20,000 SF warehouse space for rent in Hialeah.
      1745 W 33Rd Pl, Hialeah, FL 33012
      View Details
    • Contact for pricing
      53,654 SF

      Hialeah Warehouse Space Available

      53,654 SF warehouse space for lease in Hialeah.
      5821 E 10Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing
      4,000 SF

      Renovated Warehouse Near Okeechobee Road

      Renovated warehouse with office space and easy highway access.
      1640-1670 W 33Rd Pl, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Hialeah Freestanding Warehouse For Rent

      Freestanding warehouse in Hialeah with heavy power and dock doors.
      1730 W 38Th Pl, Hialeah, FL 33012
      View Details
    View Listing
    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.
    1651 W 37Th St, Unit 406
    Hialeah, FL 33012
    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
    1651 W 37Th St, Hialeah, FL, 33012
    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!