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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Manufacturing properties
1692 32nd Pl Hialeah, FL 33012
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-0312847
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
CONCRETE
Total area
4,120 SF
Lot
1.41 ac (61,425 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3011-002-0344
UPID
US18-0312847
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$940k
Blend (final)
Blend
$825k
Owner & transaction history
Wmgsa 1692 W 32nd Place Owner LLC
Wmgsa 1692 W 32nd Place Owner LLC
since 2026
6 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+78.0%
Commercial (general)
$1.2M
+73.9%
Retail stores
$1.1M
+59.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$665,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,155,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$1,060,000
Change: +59% · Conversion: Moderate
WAREHOUSE, STORAGE
$835,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$200 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$68,104
Tax year 2023
Assessed value
$5,227,000
Assessed 2023
Previous assessed
$3,124,096
+67.3% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,351,350
Assessed improvement
$3,875,650
Land market value
$1,351,350
Improvement market value
$3,875,650
Total market value
$5,227,000
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
4,120 SF
Lot
1.41 ac (61,425 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3011-002-0344
UPID
US18-0312847
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Hialeah, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$835,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
1.41 ac
Current owner
From public records · entity-resolved
Wmgsa 1692 W 32nd Place Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1 FEDERAL ST FL #17, BOSTON, MA 02110-2003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
—
Wmgsa 1692 W 32nd Place Owner LLC
Realty Associates Fund Xii Portfoli
Special Warranty Deed
—
Dec 18, 2025
$9,034,600
Wmgsa 1692 W 32nd Place Owner LLC
The Realty Associates Fund Xii Port
Special Warranty Deed
—
Oct 26, 2019
—
Cofe Cix West Hialeah LLC
Perdita LLC
Correction Deed
related
—
Dec 15, 2017
$325,000
Cofe Cix West Hialeah LLC
The Realty Associates Fund Viii LLP
Special Warranty Deed
$22,750,000 · Mercantil Bank NA
Feb 16, 2010
—
Realty Associates Fund Viii LP
—
Deed Of Trust
related
$585,000,000 · Wells Fargo Bank
Dec 11, 2006
$24,150,000
Realty Associates Fund Viii
Perdita LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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