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

    2500 84th St Hialeah, FL 33016-5757

    • Manufacturing properties
    • 36,596 SF
    • 3.61 lot acres
    OFF-MARKET
    Last Sale
    Dec 24, 2020
    $11,780,000
    Value Estimations
    $10,795,000
    Show details
    Cap Rate Potential
    2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-4216846
    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

    • Hialeah AC Repair / Hvac Contractor / Air Conditioning Contractor
    • Cheer Revolution All Stars / Gymnastics Center / Dance School
    • TinTin Wholesale / Wholesaler
    • Sherwin-Williams Commercial Paint Store / Painting / Building Materials Store
    • Thrift Vintage Fashion / Wholesaler

    Property Details for 2500 84th St

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    3.61 lot acres
    Property size
    36,596 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    04-2027-093-0010
    APU
    420270930010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,843,000
      Market price range: $3.97M - $10.8M
      AI Estimate
      $8,338,000
      Market price range: $1.69M - $8.74M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,655,000
      Current use
      MEDICAL BUILDING
      $16,070,000
      Change: +141% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $13,250,000
      Change: +99% Conversion: Easy
      OFFICE BUILDING
      $11,900,000
      Change: +79% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,505,000
      Change: +58% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,260,000
      Change: +54% Conversion: Difficult
      RETAIL STORES
      $9,930,000
      Change: +49% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3347
    Latitude
    25.8967
    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
    $140,108
    $2,046,642
    $8,305,358
    $10,352,000
    -
    $2,046,642
    $8,305,358
    $10,352,000

    Comparable in this City

    • Value Estimation
      $2,890,000
      27,007 SF

      9551 79th Ave

      MANUFACTURING (LIGHT) • 27,007 SF
      9551 79th Ave, Hialeah Gardens, FL 33016-2517
      View Details
    • Value Estimation by Request
      1,500 SF

      7880 20th Ave Ste, Unit 26

      MANUFACTURING (LIGHT) • 1,500 SF
      7880 20th Ave Ste, Hialeah, FL 33016-1831
      View Details
    • Value Estimation by Request
      1,490 SF

      8013 21st Ct9b

      MANUFACTURING (LIGHT) • 1,490 SF
      8013 21st Ct9b, Hialeah, FL 33016-1833
      View Details
    • Value Estimation by Request
      1,490 SF

      8054 21st Ct5c

      MANUFACTURING (LIGHT) • 1,490 SF
      8054 21st Ct5c, Hialeah, FL 33016-1832
      View Details
    • Value Estimation by Request
      1,476 SF

      8064 21st Ct6c

      MANUFACTURING (LIGHT) • 1,476 SF
      8064 21st Ct6c, Hialeah, FL 33016-1832
      View Details
    • Value Estimation by Request
      1,540 SF

      2520 78th St2520-1

      MANUFACTURING (LIGHT) • 1,540 SF
      2520 78th St2520-1, Hialeah, FL 33016-2918
      View Details

    Similar Nearby for Sale

    • $800,000

      Hialeah Manufacturing Business For Sale

      Profitable, turnkey operation; $1.2M annual sales.
      0 Undisclosed Address, Hialeah, FL 33016
      View Details
    • Contact for pricing

      Hialeah Gardens Industrial Lot

      19,450 SF industrial lot ideal for truck parking.
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      View Details
    • $5,000,000

      HVAC Business Opportunity in Hialeah

      Profitable HVAC company serving Miami-Dade and Broward counties.
      Confidential Hvac Business, Hialeah, FL 33016
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    • $3,675,000

      Hialeah Industrial Property with Business

      Established stone supply business with real estate for sale in Hialeah.
      2757 W 77Th Pl, Hialeah, FL 33016
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    • $380,000

      Automotive Repair and Race Facility

      Established automotive repair and race car preparation facility for sale.
      2700 W 79Th St, Hialeah, FL 33016
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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

    Similar Nearby for Lease

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      890 SF

      Hialeah Warehouse: 890 SF Single Tenant

      Prime Hialeah warehouse, ideal for small business.
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    • $19 SF/Yr
      3,000 SF

      Hialeah Warehouse: 3,000 SF

      Freestanding warehouse, ideal for single tenant.
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      View Details
    • $18 SF/Yr
      1,700 SF

      Hialeah Warehouse: 1700 SF

      Move-in ready warehouse, great location.
      2039 62Nd St, Hialeah, FL 33016
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    • $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
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    • $19 SF/Yr
      1,700 SF

      Prime Westside Warehouse Space

      1,700sf Warehouse, Available Dec 2024
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    • $2,500 /Mo
      1,500 SF

      Hialeah Warehouse Bay For Rent

      1,500 SF warehouse bay with office and bathroom.
      8022-8081 W 21St Ave, Hialeah, FL 33016
      View Details

    Property Visit Statistics

    • Visits by month
      1.0k
    • Visitors by month
      693
    • Avg Time on site
      37 min
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    2500 84th St
    Hialeah, FL 33016-5757
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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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