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

    2551 3rd Ave Hialeah, FL 33010-1401

    • Manufacturing properties
    • 1,230 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0434906
    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

    • Manufacturing properties

    Property Details for 2551 3rd Ave

    Year built
    1984
    Property size
    1,230 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    04-3107-028-0060
    APU
    431070280060

    Description

    This exceptional investment opportunity presents a fully equipped, second-generation food production facility ideally situated at 2551 W 3rd Ave, Hialeah, Florida, 33010. The property, a two-story industrial condo, encompasses 2,460 square feet of net rentable space, offering a blend of refrigerated/cold storage and warehouse functionality. Built in 1984, this meticulously designed commercial kitchen boasts numerous walk-in coolers, ample storage space, and multiple delivery access points. Convenience is maximized with one loading dock for efficient truck access and a private entrance. The property includes a grease trap and range hood, essential for food production operations. The asking price is $1,250,000, translating to $508.13 per square foot and $625,000 per unit. The property features four parking spaces and is offered as a 100% ownership opportunity with an occupancy date of May 1, 2024. Located in the heart of Hialeah, this property benefits from its position within a dynamic and growing area. This turnkey facility is perfect for an owner-user or investor seeking a high-return investment in a thriving commercial market. The property consists of two units. This is a single-tenancy property.

    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
    -80.288
    Latitude
    25.845
    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
    $2,336
    $0.00
    $0.00
    $141,450
    -
    $0.00
    $0.00
    $141,450

    Comparable in this City

    • Value Estimation
      $1,355,000
      12,000 SF

      548 18th St

      MANUFACTURING (LIGHT) • 12,000 SF
      548 18th St, Hialeah, FL 33010-2421
      View Details
    • Value Estimation
      $2,140,000
      20,104 SF

      460 18th St

      MANUFACTURING (LIGHT) • 20,104 SF
      460 18th St, Hialeah, FL 33010-2419
      View Details
    • Value Estimation
      $2,515,000
      23,596 SF

      960 19th St

      MANUFACTURING (LIGHT) • 23,596 SF
      960 19th St, Hialeah, FL 33010-2309
      View Details
    • Value Estimation
      $2,140,000
      19,524 SF

      905 19th St

      MANUFACTURING (LIGHT) • 19,524 SF
      905 19th St, Hialeah, FL 33010-2308
      View Details
    • Value Estimation
      $1,855,000
      16,450 SF

      790 20th St

      MANUFACTURING (LIGHT) • 16,450 SF
      790 20th St, Hialeah, FL 33010-2440
      View Details
    • Value Estimation
      $1,435,000
      12,744 SF

      705 20th St

      MANUFACTURING (LIGHT) • 12,744 SF
      705 20th St, Hialeah, FL 33010-2429
      View Details

    Similar Nearby for Sale

    • $690,000
      2,000 SF

      Hialeah Industrial Building For Sale

      2,000 SF Warehouse, Excellent Condition
      581 27Th St, Hialeah, FL 33010
      View Details
    • $1,250,000

      Luxury Furniture Manufacturer in Hialeah

      Premier furniture manufacturer specializing in custom hospitality furnishings. Turnkey operation.
      705 E 10Th Ave, Hialeah, FL 33010
      View Details
    • $1,800,000

      Hialeah Freestanding Warehouse For Sale

      8,452 SF warehouse in Hialeah's industrial corridor.
      343 W 21St St, Hialeah, FL 33010
      View Details
    • $150,000

      Hialeah Warehouse: $150K Investment

      Prime Hialeah warehouse, move-in ready.
      0 10Th Ave, Hialeah, FL 33010
      View Details
    • $1,300,000
      10,028 SF

      West Hialeah Industrial Investment Opportunity

      Two flex space warehouses in Hialeah, prime investment opportunity.
      371 West 21St St, Hialeah, FL 33010
      View Details
    • $699,000

      Hialeah Warehouse: Prime Location

      Established Tire Business, High Traffic Area
      1090 15Th St, Hialeah, FL 33010
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,000 SF

      Hialeah Industrial Space - 2000 SF

      Versatile Hialeah industrial space, single tenant.
      453 28Th St, Hialeah, FL 33010
      View Details
    • $1,650 /Mo

      Turnkey Sewing Studio For Rent

      Fully equipped sewing studio ready for immediate use in Hialeah.
      705 E 10Th Ave, Hialeah, FL 33010
      View Details
    • $7,650 /Mo

      Hialeah Industrial Space Available

      4,590 SF industrial space with M1 zoning in Hialeah.
      355 E 10Th Ave, Hialeah, FL 33010
      View Details
    • $16 SF/Yr

      Hialeah Industrial Warehouse for Lease

      Move-in ready warehouse with carpentry license in place.
      733 W 26Th St, Hialeah, FL 33010
      View Details
    • $20 SF/Yr

      Hialeah Warehouse with Street Frontage

      1,800 SF warehouse in Hialeah, great street frontage, easy highway access.
      2300 W 8Th Ave, Hialeah, FL 33010
      View Details
    • Contact for pricing
      3,600 SF

      Hialeah Warehouse with Dock Door

      3,600 SF warehouse with office and dock door.
      270-286 W 22Nd St, Hialeah, FL 33010
      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.
    2551 3rd Ave
    Hialeah, FL 33010-1401
    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.