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Property profile & analytics
FOR LEASE
Manufacturing properties
8851 NW 117Th St Hialeah, FL 33018
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5014491
For Lease
1 / 2
$8,525,000
8851 NW 117Th St, Hialeah, FL 33018
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
CONCRETE
Total area
49,654 SF
Lot
1.95 ac (85,073 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
27-2033-001-0050
UPID
US18-5014491
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
$10.27M
Comparable Approach
Comparable
$8.42M
Blend (final)
Blend
$8.53M
Owner & transaction history
Hialeah Gardens Industrial LLC · 13 yrs held
Hialeah Gardens Industrial LLC
since 2012
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Hialeah Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$11,120,000
6.5%
$10,265,000
7%
$9,530,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,365,000
Current use
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±10%
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
$172 / 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
$90,995
Tax year 2023
Assessed value
$6,326,000
Assessed 2023
Previous assessed
$6,326,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,977,555
Assessed improvement
$3,348,445
Land market value
$2,977,555
Improvement market value
$3,348,445
Total market value
$6,326,000
Applied tax rate
2,700.0000
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
For Lease
Year built
1981
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
49,654 SF
Lot
1.95 ac (85,073 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
27-2033-001-0050
UPID
US18-5014491
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Hialeah Gardens, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Hialeah Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.4M
INDUSTRIAL (GENERAL) Current
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
1981
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Hialeah Gardens Industrial LLC
Entity
Free & Clear · 13 yrs held
Mailing address
696 NE 125TH ST, NORTH MIAMI, FL 33161-5546
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2018
—
Hialeah Gardens Industrial LLC
—
Deed
related
$12,000,000 · Branch Bk&tr
Apr 17, 2013
—
Hialeah Gardens Industrial LLC
—
Loan Modification
related
$9,000,000 · Bank Leumi USA
Nov 15, 2012
$10,000,000
Hialeah Gardens Industrial LLC
Us Century Bk
Grant Deed
—
Oct 31, 2012
$1,100
Us Century Bk
Olympia Sterling LLC Coc
Trustees Deed
related
—
Sep 6, 2007
$3,500,000
Olympia Sterling LLC
J & R T Investment INC
Warranty Deed
$2,900,000 · City National Bank Of Florida
—
—
Olympia Sterling LLC
—
Deed Of Trust
related
$16,160,000 · Us Century Bank
—
—
Hialeah Gardens Industrial LLC
—
Loan Modification
related
$12,000,000 · Branch Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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