Street-Level Flex Warehouse
For Sale
$540,000
5921 NW 176th St, Hialeah, FL 33015
Commercial Sale, Hialeah, FL
Property Size1,685 SF
Lot Size0.04 Acres
Price / SF$320.47
Days on Market57
Property Features for 5921 NW 176th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7700
Parking features
Assigned
Subdivision
20
Standard status
Active
APN
30-20-12-048-0090
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
ROYAL COMMERCE CTR CONDO NO 1 UNIT 9 UNDIV 8.34% INT IN COMMON ELEMENTS OFF REC 25924-1247 OR 26076-1292 26164-0644 1107 1
Legal Description
ROYAL COMMERCE CTR CONDO NO 1 UNIT 9 UNDIV 8.34% INT IN COMMON ELEMENTS OFF REC 25924-1247 OR 26076-1292 26164-0644 1107 1
Building Details
Year built
2007
Floors in Building
1
Building materials
Block
Listing Agency:
United Realty Group Inc
(305) 753-7393
Listed By:
Juan Urbina Jr · License #3262548
(305) 753-7393
Added: Jul 4
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# A12043496
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 1,685-square-foot flex warehouse condominium occupies a street-level position within Royal Commerce Center. Built in 2007, the unit has block construction along with concrete roof and floor assemblies. Assigned parking is included, and the property is designated 7700 Heavy Commercial/Industrial - Restricted, supporting industrial and commercial uses identified in the listing.
The property is located at 5921 NW 176th St in Hialeah, within Miami-Dade County. Access to the Palmetto Expressway and I-75 provides direct connectivity for operations requiring regional highway access. The space is suited to the distribution, logistics, light manufacturing, wholesale, contractor, service, and e-commerce activities described for the property.
The property is located at 5921 NW 176th St in Hialeah, within Miami-Dade County. Access to the Palmetto Expressway and I-75 provides direct connectivity for operations requiring regional highway access. The space is suited to the distribution, logistics, light manufacturing, wholesale, contractor, service, and e-commerce activities described for the property.
Key Highlights
- 1,685 sq. ft. street‑level flex warehouse condo
- Built in 2007 with block construction
- Concrete roof and floor construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,392
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,840
$507.8K
Cap Rate 7%
$362,743
$362.7K
Cap Rate 9%
$282,133
$282.1K
Market Conditions
NOI Build-Up for 1,685 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.5K $25.20/SF
− Vacancy
−$3.4K −$2.02/SF
EGI
$39.1K $23.18/SF
− OpEx
−$13.7K −$8.11/SF
NOI
$25.4K $15.07/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,840
Cap Rate 7%
$362,743
Cap Rate 9%
$282,133
Alternative Uses
Best Use
Flex RnD
$362.7K
$317.4K – $423.2K
NOI $25,392 @ 7.0% cap · market cap 4.70%
Second Best
Warehouse
$331.8K
$290.3K – $387.1K
NOI $23,226 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33015, FL
65,645
Population
23,963
Households
2.7
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
5.9 sq mi
ZIP Area
11,126
Density / Sq Mi
$73,609
Median Household Income
$37,274
Median Earnings
$1,841
Median Rent
$384,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CJs Catering — 5190 NW 167th St, Miami Gardens, FL 33014
- Melians Enterprises — 6157 NW 167th St STE F27, Hialeah, FL 33015
- Mary & Mo Catering — 6643 NW 174th Ln, Hialeah, FL 33015
- Crazy 4 Meat — 6970 NW 177th St, Hialeah, FL 33015
- Simple Southern Catering — 18538 NW 67th Ave, Miami Gardens, FL 33015
Frequently Asked Questions
What type of property is this?
Flex space - Concrete construction, assigned parking, and restricted heavy commercial-industrial zoning support a range of business operations.
Where is this flex space located?
The property is located at 5921 NW 176th St Hialeah, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 1,685 sq. ft. street‑level flex warehouse condo; Built in 2007 with block construction; Concrete roof and floor construction
