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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Manufacturing properties
2440 8th Ct Hialeah, FL 33010-2028
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-0355738
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Construction
CONCRETE
Total area
3,969 SF
Lot
0.12 ac (5,300 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3012-018-0611
UPID
US18-0355738
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
$695k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$740k
Owner & transaction history
Wmgsa 2440 W 8th Court Owner LLC
Wmgsa 2440 W 8th Court Owner LLC
since 2025
Last sale
$840,500
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
$1.1M
+93.5%
Commercial (general)
$1.1M
+89.0%
Retail stores
$1.1M
+82.2%
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%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,140,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,115,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,070,000
Change: +82% · Conversion: Moderate
WAREHOUSE, STORAGE
$750,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $841k (Dec 18 2025)
Last sale anchor
$841k
Dec 18 2025
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
$186 / 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
$7,675
Tax year 2023
Assessed value
$561,000
Assessed 2023
Previous assessed
$447,391
+25.4% YoY
Effective rate
1.37%
On assessed value
Assessed land
$148,400
Assessed improvement
$412,600
Land market value
$148,400
Improvement market value
$412,600
Total market value
$561,000
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,969 SF
Lot
0.12 ac (5,300 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3012-018-0611
UPID
US18-0355738
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
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$750,000
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Wmgsa 2440 W 8th Court 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
2025
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
Dec 18, 2025
$840,500
Wmgsa 2440 W 8th Court Owner LLC
The Realty Associates Fund Xii Port
Special Warranty Deed
—
Dec 24, 2020
$40,212,800
The Realty Associates Fund Xii Port
Cofe Cix West Hialeah LLC
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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