Flex Space with
New
For Sale
Contact for pricing
10780 NW 138th Street #D3, Hialeah Gardens, FL 33018
Three-phase power and added mezzanine area support office or storage needs.
Property Size1,146 SF
Price / SF$2.44
Days on Market6
Property Features for 10780 NW 138th Street #D3
General Information
Standard status
Active
Size
1,146 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Building Details
Year Built
2008
Listing Agency:
Shield Real Estate & Investments Group of Florida,
Listed By:
Rahiza Henriquez · License #3455307
(954) 601-6191
Source:
Lehmannflorida
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:23PM
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 Shield Real Estate & Investments Group of Florida,
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Investment Insights
Based on property information with market context.
This 1,146-square-foot flex space includes a mezzanine that can accommodate office or storage functions. Three-phase power is installed, and the property was built in 2008. The unit is available for immediate occupancy.
The property is within a business park in Hialeah Gardens, with access to I-75, SR-826 and Okeechobee Road. Parking is available on site.
The property is within a business park in Hialeah Gardens, with access to I-75, SR-826 and Okeechobee Road. Parking is available on site.
Key Highlights
- 1,146‑square‑foot flex space with mezzanine
- Three‑phase electrical service
- Mezzanine provides additional office or storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,372
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,440
$247.4K
Cap Rate 7%
$176,743
$176.7K
Cap Rate 9%
$137,467
$137.5K
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
−$5.3K −$4.63/SF
NOI
$12.4K $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,440
Cap Rate 7%
$176,743
Cap Rate 9%
$137,467
Alternative Uses
Best Use
Flex RnD
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 900.25%
Second Best
Industrial
$176.7K
$154.7K – $206.2K
NOI $12,372 @ 7.0% cap · market cap 441.86%
Theoretical Best
Office A
$581.4K
$508.7K – $678.3K
NOI $40,699 @ 7.0% cap · market cap 1,453.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Three-phase power and added mezzanine area support office or storage needs.
Where is this flex space located?
The property is located at 10780 NW 138th Street #D3 Hialeah Gardens, FL.
What are key features of this property?
This property features: 1,146‑square‑foot flex space with mezzanine; Three‑phase electrical service; Mezzanine provides additional office or storage area
