1671 38th Pl Hialeah, FL 33012-7032
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Hialeah, FLHialeah. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.