Flex Space with Loading
For Sale
$595,000
12101 NW 98th Ave, Hialeah Gardens, FL 33018
Commercial Sale, Hialeah Gardens, FL
Property Size1,840 SF
Lot Size0.83 Acres
Price / SF$323.37
Days on Market166
Property Features for 12101 NW 98th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6600
Parking
3
Parking features
Assigned
Subdivision
20
Standard status
Active
APN
27-20-32-010-0060
Lot size
0.83 Acres
Taxes and HOA fees
Tax Description
ROMIR INC CONDO UNIT 6 UNDIV 11.11 % INT IN COMMON ELEMENTS OFF REC 16541-3452 OR 19512-1369 0201 6 COC 22966-2722 12 2004 4
HOA Fee
$450 Monthly
Legal Description
ROMIR INC CONDO UNIT 6 UNDIV 11.11 % INT IN COMMON ELEMENTS OFF REC 16541-3452 OR 19512-1369 0201 6 COC 22966-2722 12 2004 4
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1994
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Concrete
Listing Agency:
Phoenix Realtors LLC
(305) 615-1163
Listed By:
Luz Camelo · License #3342954
(786) 317-7876
Added: Apr 24
Changed: Sep 14
Last Checked: Oct 6 at 12:06PM
MLS# A12007178
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 1,840-square-foot flex unit combines a front office area, reception counter, and showroom-style glass partition within a functional warehouse layout. An electronic loading door supports material handling, while ceramic tile flooring, block construction, central air, and electric heating are part of the existing improvements. The unit was built in 1994 and is served by public water.
Three assigned parking spaces are included. The property is located in Hialeah Gardens, within Miami-Dade County, and offers a configuration suited to office, showroom, or light industrial operations. Association guidelines do not permit mechanical shops or body shops.
Three assigned parking spaces are included. The property is located in Hialeah Gardens, within Miami-Dade County, and offers a configuration suited to office, showroom, or light industrial operations. Association guidelines do not permit mechanical shops or body shops.
Key Highlights
- Approximately 1,840 sq. ft. of warehouse space
- Electronic loading door for convenient material handling
- Front office, reception counter, and showroom‑style glass partition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,769
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,380
$975.4K
Cap Rate 7%
$696,700
$696.7K
Cap Rate 9%
$541,878
$541.9K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$83.9K $45.60/SF
− Vacancy
−$18.9K −$10.26/SF
EGI
$65.0K $35.34/SF
− OpEx
−$16.3K −$8.84/SF
NOI
$48.8K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,380
Cap Rate 7%
$696,700
Cap Rate 9%
$541,878
Alternative Uses
Best Use
Office B
$696.7K
$609.6K – $812.8K
NOI $48,769 @ 7.0% cap · market cap 8.20%
Second Best
Flex RnD
$578.2K
$505.9K – $674.6K
NOI $40,473 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$933.5K
$816.8K – $1.09M
NOI $65,346 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33018, FL
54,273
Population
17,871
Households
3
Avg Household Size
41
Median Age
29%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,805
Median Household Income
$42,911
Median Earnings
$2,066
Median Rent
$436,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile unit combines office, showroom, and light industrial functionality with assigned parking.
Where is this flex space located?
The property is located at 12101 NW 98th Ave Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 1,840 sq. ft. of warehouse space; Electronic loading door for convenient material handling; Front office, reception counter, and showroom‑style glass partition
