Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 37th St Hialeah, FL 33012-4673

    • Manufacturing properties
    • 1,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0784442
    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.

    Current Use by Public Records

    • Omega Electric Corporation / Electrical Service / General Contractor
    • Latinovox / Radio Station / Telecommunications Service
    • Fun Photo To Go / Nightclub / Music Venue
    • The Team Victoria / Theater & Performing Art Venue / Music Venue
    • Victoria Enterprises / Holding Company

    Property Details for 1701 37th St

    Year built
    2000
    Property size
    1,200 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    04-3002-195-0080
    APU
    430021950080

    Description

    This exceptional 2,040 square foot commercial property, situated on a 0.05-acre lot at 1701 W 37th St, Hialeah, FL, presents a unique investment opportunity. The two-story building boasts a versatile layout, perfectly suited for a variety of uses. Currently configured as a thriving recording/video studio and office space, the property includes six individual offices, a dedicated conference room, and a convenient kitchen. The first floor features a welcoming reception area and a large open space, ideal for collaborative work or studio production. Upstairs, a full bathroom provides added convenience, complemented by a half bath on the main floor. The building has undergone recent renovations, featuring updated 110/220V electrical systems, multiple HVAC units ensuring climate control throughout, and high-speed fiber optic cabling for seamless connectivity. The sale includes existing studio operating equipment, while the furniture is available for negotiation, offering flexibility to the new owner. Priced at $1,250,000, this property represents a compelling blend of functionality, modern amenities, and established operational success. Its prime Hialeah location offers excellent accessibility and visibility, making it an attractive proposition for discerning investors and business owners alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3166
    Latitude
    25.8554
    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
    $3,557
    $0.00
    $0.00
    $204,000
    -
    $0.00
    $0.00
    $204,000

    Comparable in this City

    • Value Estimation by Request
      1,437 SF

      1711 38th Pl Ste, Unit 1206

      MANUFACTURING (LIGHT) • 1,437 SF
      1711 38th Pl Ste, Hialeah, FL 33012-7034
      View Details
    • Value Estimation by Request
      1,581 SF

      1711 40th St, Unit 8

      MANUFACTURING (LIGHT) • 1,581 SF
      1711 40th St, Hialeah, FL 33012-7048
      View Details
    • Value Estimation by Request
      1,166 SF

      4001 18th Ave, Unit 2

      MANUFACTURING (LIGHT) • 1,166 SF
      4001 18th Ave, Hialeah, FL 33012-7054
      View Details
    • Value Estimation
      $4,055,000
      27,644 SF

      1781 32nd Pl

      MANUFACTURING (LIGHT) • 27,644 SF
      1781 32nd Pl, Hialeah, FL 33012-4503
      View Details
    • Value Estimation
      $825,000
      4,120 SF

      1692 32nd Pl

      MANUFACTURING (LIGHT) • 4,120 SF
      1692 32nd Pl, Hialeah, FL 33012
      View Details
    • Value Estimation
      $575,000
      4,051 SF

      1695 32nd Pl

      MANUFACTURING (LIGHT) • 4,051 SF
      1695 32nd Pl, Hialeah, FL 33012-4509
      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
    • $900,000

      Modern Factory Ready for Production

      Assembled factory in modern plant, excellent location, ready to operate.
      1745 W 32Nd 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
    • $550,000
      1,825 SF

      Hialeah Flex Warehouse with Office

      Flex warehouse with two-story office space in excellent condition.
      3901 W 18Th Ave, Hialeah, FL 33012
      View Details
    • $760,000

      Hialeah Warehouse - $760K

      Versatile 2,220+ sq ft warehouse, high traffic location.
      1767 37Th St, Hialeah, FL 33012
      View Details
    • $679,999

      Hialeah Commercial/Industrial Condo Warehouse

      Versatile condo warehouse in Hialeah's bustling shopping center.
      3960 W 16Th Ave, Hialeah, FL 33012
      View Details

    Similar Nearby for Lease

    • $0.01 SF/Yr
      15,193 SF

      Hialeah Warehouse: 15,193 SF

      Prime Hialeah warehouse, excellent location.
      3000 16Th Ave, Hialeah, FL 33012
      View Details
    • $13 SF/Yr
      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
      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
      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
    • $29 SF/Yr
      1,023 SF

      Hialeah Warehouse: 1023 sq ft

      Industrial warehouse, great location, flexible space.
      1691 37Th St, Hialeah, FL 33012
      View Details
    • $23 SF/Yr
      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
    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.
    1701 37th St
    Hialeah, FL 33012-4673
    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

    Google sign-in failed. Please try again or use another login method.