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Property profile & analytics
OFF-MARKET
Manufacturing properties

1671 38th Pl Hialeah, FL 33012-7032

1,278 SF Built 1980
Individually Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US18-4208360
Property summary
AI-generated overview

This well-maintained 1,690 square foot warehouse, located at 1671 W 38th Pl #1408 in Hialeah, Florida, 33012, presents a fantastic investment opportunity. Built in 1980, this property is part of a rare condominium warehouse complex in Miami. The warehouse boasts a spacious layout, ideal for various industrial uses. A significant feature is the large loading bay, facilitating efficient loading and unloading operations. The interior includes a two-story design, offering versatile space. The ground floor provides ample warehouse space with approximately 20-foot ceiling height and a 16-foot high bay door. Upstairs, an air-conditioned office space provides a comfortable and functional area for administrative tasks. This upper level also includes a kitchen and two half-bathrooms, one on each floor, enhancing convenience and practicality. Currently vacant, this property offers immediate occupancy and the potential for customization to suit specific business needs. Its prime location in Miami-Dade County ensures easy access to major transportation routes and a thriving commercial environment. The asking price is $490,000.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Total area 1,278 SF
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 04-3002-068-0540
UPID US18-4208360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AC Repair Service In Miami Hardware & Home Improvement HVAC Service
  • MedallionDesignStyle General Contractor
  • Chem Index Inc Medical Supply Store
  • Guaoo Printing Printing Service (Bike/Boat/Book/etc) Store
  • Kps Trabajo Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Edgardo Merlano · 14 yrs held
Edgardo Merlano
since 2012
Last sale
$350,000
3 recorded transactions
2012
$60,000
2009
Price N/A
2006
Price N/A
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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