Flex Warehouse with Office
1007-1750 W 39th Pl Hialeah, FL 33012
For Sale
$480,000
Flex warehouse condo features air-conditioned warehouse storage with a built-in second-floor office and storage area.
Property Size1,816 SF
Price / SF$264.32
Days on Market54
Property Features for 1007-1750 W 39th Pl
General Information
- Standard status
- Active
- Size
- 1,816 SF
Listing Agency:
Avanti Way Commercial
(305) 216-4636
Listed By:
Jerry Stapel
(305) 216-4636
Source:
Exprealty
Added: Jun 4
Changed: Jul 25
Last Checked: Jul 26 at 5:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avanti Way Commercial
Investment Insights
Based on property information with market context.
This flex warehouse and office condo offers a combined warehouse and office layout with an added second-floor office/storage component. The unit is reported to include approximately 900 SF of storage/warehouse area, along with approximately 916 SF of office space distributed across the ground and second floors.
The entire unit is fully air-conditioned and is serviced by two central A/C systems. There are two bathrooms and two assigned parking spaces.
The property is positioned for convenient highway access, described as being just minutes from the Palmetto Expressway (SR-826) and Okeechobee Road. Buyers should independently verify square footage, permitted improvements, zoning, and intended use.
The entire unit is fully air-conditioned and is serviced by two central A/C systems. There are two bathrooms and two assigned parking spaces.
The property is positioned for convenient highway access, described as being just minutes from the Palmetto Expressway (SR-826) and Okeechobee Road. Buyers should independently verify square footage, permitted improvements, zoning, and intended use.
Key Highlights
- Flex warehouse condo in Hialeah with easy access to Palmetto Expressway (SR‑826) and Okeechobee Road.
- Approximately 1,816 SF total usable area, including about 900 SF storage/warehouse and about 916 SF office space.
- Added an approx. 650 SF second‑floor office/storage area for extra workspace beyond typical warehouse condos.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $33.00 |
| − Vacancy | −$13.2k | −$7.26 |
| EGI | $46.7k | $25.74 |
| − OpEx | −$11.7k | −$6.44 |
| NOI | $35.1k | $19.31 |
1,816 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$500.8K
$438.2K – $584.3K
NOI $35,058 @ 7.0% cap · market cap 7.30%
Second Best
Flex RnD
$390.9K
$342.1K – $456.1K
NOI $27,366 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$714.8K
$625.4K – $833.9K
NOI $50,034 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Mirta Salazar Catering — 1685 W 42nd St #1, Hialeah, FL 33012
- Catering Services On Site. Parrillada Argentina in Miami — 730 W 29th St, Hialeah, FL 33012
- Ale's Paella Catering Miami — 8282 NW South River Dr, Medley, FL 33166
- Chef Cuba Catering — 8471 NW South River Dr, Medley, FL 33166
- Wuara, Cuban Pizza Food Truck — 1460 W 49th St, Hialeah, FL 33012
FAQs
What type of property is this?
Flex space - Flex warehouse condo features air-conditioned warehouse storage with a built-in second-floor office and storage area.
Where is this flex space located?
The property is located at 1007-1750 W 39th Pl Hialeah, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Flex warehouse condo in Hialeah with easy access to Palmetto Expressway (SR‑826) and Okeechobee Road.; Approximately 1,816 SF total usable area, including about 900 SF storage/warehouse and about 916 SF office space.; Added an approx. 650 SF second‑floor office/storage area for extra workspace beyond typical warehouse condos.
