Flex Space with
For Sale
$450,000
10770 NW 138th St, Hialeah Gardens, FL 33018
Commercial Sale, Hialeah Gardens, FL
Property Size1,146 SF
Lot Size0.03 Acres
Price / SF$392.67
Days on Market74
Property Features for 10770 NW 138th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7100
Parking features
Assigned
Subdivision
20
Standard status
Active
APN
27-20-30-025-0190
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
ALEXANDRA WAREHOUSE INDTL CONDO BLDG C UNIT 5 UNDIV 4.40% INT IN COMMON ELEMENTS OFF REC 25990-1887
Tax Annual Amount
4121
Legal Description
ALEXANDRA WAREHOUSE INDTL CONDO BLDG C UNIT 5 UNDIV 4.40% INT IN COMMON ELEMENTS OFF REC 25990-1887
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Building materials
Block
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Lourdes De Sousa · License #3151944
(786) 395-7176
Added: Jul 30
Changed: Oct 7
Last Checked: Oct 11 at 5:06PM
MLS# A12061840
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 1,146-square-foot flex property in Hialeah Gardens combines warehouse space with a second-floor mezzanine and a small office. The warehouse has a 19-foot ceiling and one street-level door. The building, constructed of block in 2008, also includes one handicap-accessible restroom and three assigned parking spaces. Light industrial zoning applies. Vehicle mechanics, car storage, and granite or stone work are prohibited.
The property is near I-75, Okeechobee Road, the Florida Turnpike, and the Palmetto Expressway. Home Depot is within walking distance. Public water and sewer serve the property.
The property is near I-75, Okeechobee Road, the Florida Turnpike, and the Palmetto Expressway. Home Depot is within walking distance. Public water and sewer serve the property.
Key Highlights
- 1,146 total square feet, including a second‑floor mezzanine
- 19‑foot ceiling in the warehouse area
- One street‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,207
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,140
$504.1K
Cap Rate 7%
$360,100
$360.1K
Cap Rate 9%
$280,078
$280.1K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$41.3K $36.00/SF
− Vacancy
−$2.5K −$2.16/SF
EGI
$38.8K $33.84/SF
− OpEx
−$13.6K −$11.84/SF
NOI
$25.2K $22.00/SF
Area
Miami-Dade County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,140
Cap Rate 7%
$360,100
Cap Rate 9%
$280,078
Alternative Uses
Best Use
Flex RnD
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 5.60%
Second Best
Warehouse
$214.6K
$187.8K – $250.4K
NOI $15,023 @ 7.0% cap · market cap 3.34%
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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Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
1
Office units
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning accompanies a warehouse area with a mezzanine and a separate office.
Where is this flex space located?
The property is located at 10770 NW 138th St 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 total square feet, including a second‑floor mezzanine; 19‑foot ceiling in the warehouse area; One street‑level door
