Flex Space with
New
For Sale
$480,000
10780 NW 138th St C-5, Hialeah Gardens, FL 33018
Light industrial zoning combines warehouse space, office space, and a street-level door.
Property Size1,146 SF
Price / SF$418.85
Days on Market3
Property Features for 10780 NW 138th St C-5
General Information
Standard status
Active
Size
1,146 SF
Total Parking Spaces
3
Property subtype
Industrial
Zoning
Light Industrial
Lease Term
1 to 3 years
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Building Size
1,146 SF
Listing Agency:
Miami New Realty
(786) 395-7176
Listed By:
Lourdes De Sousa · License #3151944
(786) 395-7176
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 11:40AM
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 flex property contains 1,146 square feet of space, including a second-floor mezzanine. The warehouse area features a 19-foot ceiling and one street-level door, while the office component includes a small office and one handicap restroom. The property also includes three assigned parking spaces and was built in 2008.
Located in Hialeah Gardens, the property is close to I-75, Okeechobee Road, the Florida’s Turnpike north and south, and the Palmetto Expressway. Home Depot is within walking distance. Light industrial zoning applies, with specific use restrictions: mechanics, car storage, and granite or stone work are not permitted.
Located in Hialeah Gardens, the property is close to I-75, Okeechobee Road, the Florida’s Turnpike north and south, and the Palmetto Expressway. Home Depot is within walking distance. Light industrial zoning applies, with specific use restrictions: mechanics, car storage, and granite or stone work are not permitted.
Key Highlights
- 1,146 total 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 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 | $52.3k | $45.60 |
| − Vacancy | −$11.8k | −$10.26 |
| EGI | $40.5k | $35.34 |
| − OpEx | −$10.1k | −$8.84 |
| NOI | $30.4k | $26.51 |
1,146 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$433.9K
$379.7K – $506.3K
NOI $30,375 @ 7.0% cap · market cap 6.33%
Second Best
Flex RnD
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$581.4K
$508.7K – $678.3K
NOI $40,699 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning combines warehouse space, office space, and a street-level door.
Where is this flex space located?
The property is located at 10780 NW 138th St C-5 Hialeah Gardens, 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: 1,146 total square feet, including a second‑floor mezzanine; 19‑foot ceiling height in the warehouse area; One street‑level door and three assigned parking spaces
