Flex Space with
New
For Sale
$480,000
10780 NW 138th St, Hialeah Gardens, FL 33018
COMMERCIAL - Hialeah Gardens, FL
Property Size1,146 SF
Lot Size0.03 Acres
Price / SF$418.85
Days on Market1
Property Features for 10780 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
Electric (Heating), Natural Gas, Central
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
Last Checked: Jul 30 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.
Flex space/warehouse with office space totaling 1,146 SF, plus a second-floor mezzanine. The warehouse area has a 19 Ft ceiling height and includes one street-level door. Interior includes a small office and a handicap restroom. Parking is available with 3 assigned spaces. Construction is block, built in 2008.
Utilities include public water and public sewer, with central air cooling. Heating is provided via electric and natural gas, with central systems. The property is located at 10780 NW 138th St in Hialeah Gardens (Miami-Dade County) and is described as close to I-75, Okeechobee Road, the Turnpike (north and south), and the Palmetto Expressway, with Home Depot within walking distance.
Operational notes included with the offering: light industrial zoning, no mechanics, no car storage, and no granite/stone work permitted.
Utilities include public water and public sewer, with central air cooling. Heating is provided via electric and natural gas, with central systems. The property is located at 10780 NW 138th St in Hialeah Gardens (Miami-Dade County) and is described as close to I-75, Okeechobee Road, the Turnpike (north and south), and the Palmetto Expressway, with Home Depot within walking distance.
Operational notes included with the offering: light industrial zoning, no mechanics, no car storage, and no granite/stone work permitted.
Key Highlights
- 1,146 Total SF flex/warehouse with office and second‑floor mezzanine
- 19 Ft ceiling height in the warehouse area
- One street‑level door and small office, plus a handicap restroom
Financial Insights For Flex RnD
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 | $41.3k | $36.00 |
| − Vacancy | −$2.5k | −$2.16 |
| EGI | $38.8k | $33.84 |
| − OpEx | −$13.6k | −$11.84 |
| NOI | $25.2k | $22.00 |
1,146 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 5.25%
Second Best
Warehouse
$214.6K
$187.8K – $250.4K
NOI $15,023 @ 7.0% cap · market cap 3.13%
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
Property Profile
Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
676
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial flex building with a second-floor mezzanine, one street-level door, and assigned parking.
Where is this flex space located?
The property is located at 10780 NW 138th St 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 SF flex/warehouse with office and second‑floor mezzanine; 19 Ft ceiling height in the warehouse area; One street‑level door and small office, plus a handicap restroom
