Warehouse With Office
New
For Sale
$450,000
10770 NW 138th St C-5, Hialeah Gardens, FL 33018
Light industrial zoning and a street-level loading door support warehouse operations, with restrictions on automotive and stone-related uses.
Property Size1,146 SF
Price / SF$392.67
Days on Market3
Property Features for 10770 NW 138th St C-5
General Information
Standard status
Active
Size
1,146 SF
Total Parking Spaces
3
Property subtype
Industrial
Zoning
Light Industrial
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,121
Building Details
Year Built
2008
Listing Agency:
Miami New Realty
Listed By:
Lourdes De Sousa · License #3151944
(786) 395-7176
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:12AM
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 Miami New Realty
Investment Insights
Based on property information with market context.
This 1,146-square-foot warehouse unit includes office space and a second-floor mezzanine. The warehouse area has 19-foot ceilings, and the unit also includes one street-level door, three assigned parking spaces, and a handicap-accessible restroom. Built in 2008, the property is zoned light industrial.
The site is near I-75, Okeechobee Road, the Turnpike, and the Palmetto Expressway, with Home Depot within walking distance. Use restrictions prohibit mechanics, car storage, and granite or stone work.
The site is near I-75, Okeechobee Road, the Turnpike, and the Palmetto Expressway, with Home Depot within walking distance. Use restrictions prohibit mechanics, car storage, and granite or stone work.
Key Highlights
- 1,146 square feet, including a second‑floor mezzanine
- 19‑foot ceiling height in the warehouse area
- One street‑level door and three assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,023
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,460
$300.5K
Cap Rate 7%
$214,614
$214.6K
Cap Rate 9%
$166,922
$166.9K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$18.7K $16.32/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$17.7K $15.42/SF
− OpEx
−$2.7K −$2.31/SF
NOI
$15.0K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,460
Cap Rate 7%
$214,614
Cap Rate 9%
$166,922
Alternative Uses
Best Use
Warehouse
$214.6K
$187.8K – $250.4K
NOI $15,023 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.4K
$508.7K – $678.3K
NOI $40,699 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
242
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial zoning and a street-level loading door support warehouse operations, with restrictions on automotive and stone-related uses.
Where is this warehouse located?
The property is located at 10770 NW 138th St C-5 Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,146 square feet, including a second‑floor mezzanine; 19‑foot ceiling height in the warehouse area; One street‑level door and three assigned parking spaces
