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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2324 79th St Hialeah, FL 33016-5516

    • Warehouses
    • 2,780 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2022
    $510,000
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    7.2%
    Warehouses
    Location Intelligence
    Property ID
    US19-0693055
    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

    • Hickory Smokehouse / Food Processing Company
    • Golden Eagle Smoked Foods / Asian Grocery Store

    Property Details for 2324 79th St

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    0.13 lot acres
    Property size
    2,780 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Warehouses
    APN
    04-2027-091-0030
    APU
    420270910030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $535,000
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $640,000
      6.5%
      $590,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $523,000
      Market price range: $197k - $620k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $520,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $800,000
      Change: +53% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $780,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $755,000
      Change: +45% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3304
    Latitude
    25.894
    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
    $8,990
    $163,408
    $315,592
    $479,000
    -
    $163,408
    $315,592
    $479,000

    Comparable in this City

    • Value Estimation
      $930,000
      21,621 SF

      9900 77th Ave

      WAREHOUSE, STORAGE • 21,621 SF
      9900 77th Ave, Hialeah Gardens, FL 33016-2401
      View Details
    • Value Estimation
      $640,000
      11,288 SF

      2111 73rd St

      WAREHOUSE, STORAGE • 11,288 SF
      2111 73rd St, Hialeah, FL 33016-1844
      View Details
    • Value Estimation
      $380,000
      5,994 SF

      2202 78th St

      WAREHOUSE, STORAGE • 5,994 SF
      2202 78th St, Hialeah, FL 33016-5525
      View Details
    • Value Estimation
      $610,000
      11,677 SF

      2400 80th St

      WAREHOUSE, STORAGE • 11,677 SF
      2400 80th St, Hialeah, FL 33016-2789
      View Details
    • Value Estimation
      $745,000
      34,834 SF

      2740 81st St

      WAREHOUSE, STORAGE • 34,834 SF
      2740 81st St, Hialeah, FL 33016-2732
      View Details
    • Value Estimation
      $645,000
      10,800 SF

      7800 25th Ct

      WAREHOUSE, STORAGE • 10,800 SF
      7800 25th Ct, Hialeah, FL 33016-2717
      View Details

    Similar Nearby for Sale

    • $380,000

      Automotive Repair and Race Facility

      Established automotive repair and race car preparation facility for sale.
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    • $800,000

      Hialeah Manufacturing Business For Sale

      Profitable, turnkey operation; $1.2M annual sales.
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    • Contact for pricing

      Hialeah Warehouse Condo For Sale

      Updated 1,511 SF warehouse condo in thriving Hialeah market.
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    • $425,000

      Hialeah Office/Warehouse Unit For Sale

      Office/warehouse unit in gated community with easy highway access.
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    • $745,000

      Versatile Office/Warehouse Space Available

      Office/warehouse with conference room, offices, waiting area, and warehouse.
      14038 NW 82Nd Ave, Hialeah, FL 33016
      View Details
    • $8,250,000
      31,000 SF

      Hialeah Warehouse with Rail Access

      31,000 SF warehouse with rail access and outside storage.
      3747 NW 52Nd St, Hialeah, FL 33016
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      890 SF

      Hialeah Warehouse: 890 SF Single Tenant

      Prime Hialeah warehouse, ideal for small business.
      2562 84Th St, Hialeah, FL 33016
      View Details
    • $19 SF/Yr
      3,000 SF

      Hialeah Warehouse: 3,000 SF

      Freestanding warehouse, ideal for single tenant.
      2275 77Th St, Hialeah, FL 33016
      View Details
    • $18 SF/Yr
      1,700 SF

      Hialeah Warehouse: 1700 SF

      Move-in ready warehouse, great location.
      2039 62Nd St, Hialeah, FL 33016
      View Details
    • $25 SF/Yr
      13,668 SF

      Hialeah Gardens Flex Office/Warehouse

      Turnkey flex office/warehouse space for lease in Hialeah Gardens.
      8195 NW 98Th St, Hialeah, FL 33016
      View Details
    • New
      $2,500 /Mo

      Hialeah Office/Warehouse Near 826/I-75

      Office/warehouse in Hialeah near the 826/I-75 corridor.
      2285 W 80Th St, Hialeah, FL 33016
      View Details
    • $23 SF/Yr
      12,822 SF

      2545 80Th St

      Distribution properties • 12,822 SF
      2545 80Th St, Hialeah, FL 33016
      View Details
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    Hialeah, FL 33016-5516
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    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
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