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    Property profile & analytics

    5865 183rd St Hialeah, FL 33015

    • Warehouses
    • 143,784 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimations
    $19,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5498875
    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

    • Warehouses

    Property Details for 5865 183rd St

    Year built
    2009
    Construction
    HEAVY FRAME
    Lot size
    2.30 lot acres
    Property size
    143,784 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Warehouses
    APN
    30-2012-010-0020
    APU
    3020120100020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,122,000
      Market price range: $6.21M - $17.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $29,200,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2966
    Latitude
    25.9402
    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
    $268,782
    $1,700,068
    $23,734,932
    $25,435,000
    -
    $1,700,068
    $23,734,932
    $25,435,000

    Comparable in this City

    • Value Estimation
      $13,500,000
      97,891 SF

      18400 57th Ave

      WAREHOUSE, STORAGE • 97,891 SF
      18400 57th Ave, Hialeah, FL 33015-6015
      View Details
    • Value Estimation
      $19,020,000
      137,872 SF

      5900 176th St

      WAREHOUSE, STORAGE • 137,872 SF
      5900 176th St, Hialeah, FL 33015-5108
      View Details
    • Value Estimation by Request
      1,688 SF

      5921 176th St, Unit 11

      MANUFACTURING (LIGHT) • 1,688 SF
      5921 176th St, Hialeah, FL 33015-5130
      View Details
    • Value Estimation by Request
      1,059 SF

      5901 176th St, Unit 8

      MANUFACTURING (LIGHT) • 1,059 SF
      5901 176th St, Hialeah, FL 33015-5128
      View Details
    • Value Estimation by Request
      1,055 SF

      5901 176th St, Unit 9

      MANUFACTURING (LIGHT) • 1,055 SF
      5901 176th St, Hialeah, FL 33015-5128
      View Details
    • Value Estimation by Request
      2,395 SF

      6065 167th St Ste B1

      MANUFACTURING (LIGHT) • 2,395 SF
      6065 167th St Ste B1, Hialeah, FL 33015-4315
      View Details

    Similar Nearby for Sale

    • $475,000
      1,328 SF

      Hialeah Commercial Industrial Condo

      1,328 sq ft commercial condo with office and warehouse functionality.
      6187 NW 167Th St, Hialeah, FL 33015
      View Details
    • $250,000

      Hialeah Storefront: Prime Retail Space

      Turnkey Beauty Salon; High Traffic Location
      16774 67Th Ave, Hialeah, FL 33015
      View Details
    • Contact for pricing

      Miami Lakes Shopping Center For Sale

      Community shopping center in Miami Lakes, anchored by Navarro and Sketchers.
      16801 NW 67Th Ave, Hialeah, FL 33015
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    • Contact for pricing

      Bright Office Space in Hialeah

      Executive office space with utilities included and ample parking.
      18191 Nw 68Th Ave, Hialeah, FL 33015
      View Details
    • $3,900,000

      Hialeah Retail Investment Opportunity

      Well-maintained retail property with established business and additional tenants.
      17851 NW 78Th Ave, Hialeah, FL 33015
      View Details
    • New
      $120,000

      Hialeah Beauty Salon Opportunity

      Miami-area beauty salon for sale with below-market rent.
      16774 NW 67Th Ave, Hialeah, FL 33015
      View Details

    Similar Nearby for Lease

    • $2,900 /Mo

      Hialeah Warehouse/Office Space Available

      Secure, gated Hialeah warehouse/office space for rent.
      6187 NW 167Th St, Hialeah, FL 33015
      View Details
    • $20 SF/Yr
      1,688 SF

      Hialeah Warehouse: 1688 sq ft

      Spacious warehouse, ideal for single tenant. Prime Hialeah location.
      5921 176Th St, Hialeah, FL 33015
      View Details
    • $4,750 /Mo

      Hialeah Mixed-Use Office/Warehouse Space

      2,408 SF Hialeah property with office and warehouse space.
      6073 NW 167Th St, Hialeah, FL 33015
      View Details
    • $25 SF/Yr
      1,328 SF

      Hialeah Warehouse: 1328 sq ft

      Prime Hialeah warehouse, office space, great location.
      6187 167 St, Country Club, FL 33015
      View Details
    • Contact for pricing
      160,000 SF

      Hialeah Warehouse Space Available

      160,000 square foot warehouse available for lease in Hialeah.
      6601 NW 167Th St, Hialeah, FL 33015
      View Details
    • $3,500 /Mo

      Hialeah Office/Warehouse Condominium For Rent

      Air-conditioned office/warehouse in gated complex, available March 1, 2026.
      6175 NW 167Th St, Hialeah, FL 33015
      View Details
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    5865 183rd St
    Hialeah, FL 33015
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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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