221 W 28th St, Hialeah FL 33010
$1,700,000
Est. Payment $9,048/mo
1985
Year Built
98
Days on Market
Description
Multifamily Real Estate Group is pleased to exclusively bring to market 221-241 West 28th Street in Hialeah FL. The offering is a multi-bay industrial warehouse, which consists of one-folio with 8 bays totaling 11,325 Sq.Ft. of leasable space. Presently the property operates with 2-tenants which have been in the property for over 10-years, all of them with leases expiring 2024. Leases call for a yearly 5% increase, meaning that a future owner in January 2021 can enjoy a $107,872 NOI. A potential buyer could secure a loan with a 70LTV, a 4% interest rate, amortized over 30 years and achieve on year-2 a 7.78% Cash-on-Cash Return.
Facts
- MLS#
- A10930614
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Industrial
- Year Built
- 1985
- Lot Size
- 20,930 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 98 days
- Listed
- Sep 10, 2020
- Last Updated
- Jan 4, 2021
- Price/Lot Sq.Ft.
- $81/ft²
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Market insights for Hialeah
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
June 2026
41
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 1/4/2021 | Sold | $1,700,000 |
| 9/10/2020 | Listed for sale | $1,700,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Coral Park Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.4 mi
- Montessori Children's Academy
PK,TK,KG,1,2,3,4,5 · private · 0.6 mi
- Saint Agatha School
PK,KG,1,2,3,4,5,6,7,8 · private · 0.6 mi
- Pinecrest Academy (North Campus)
KG,1,2,3,4,5,6,7,8 · charter · 0.8 mi
- Our Lady of the Divine Providence Catholic School
PK,KG,1,2,3,4,5,6,7,8 · private · 0.8 mi
- Highpoint Academy ESE Center
1,2,3,4,5,6,7,8 · private · 0.8 mi
- E.W.F. Stirrup Elementary School
PK,KG,1,2,3,4,5 · public · 0.8 mi
- Pizarro School for Montessori
PK,KG,1,2 · private · 0.8 mi
- Sweetwater Elementary School
PK,KG,1,2,3,4,5 · public · 0.9 mi
- Little Village Day Care And Learning Center
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$10,615/mo
Principal & Interest
$9,048
Property Tax
$1,417
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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