Hialeah Gardens Office/Warehouse
For Sale
Contact for pricing
10820 NW 138th St 1-C, Hialeah Gardens, FL 33018
Office/warehouse space in Hialeah Gardens, near major highways.
Property Size1,622 SF
Days on Market323
Property Features for 10820 NW 138th St 1-C
General Information
Standard status
Active
Size
1,622 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,068
Building Details
Building Size
1,622 SF
Year Built
2007
Listing Agency:
Coldwell Banker Realty
Listed By:
Simon Estepa · License #3557218
(786) 707-0142
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 10
Last Checked: Oct 16 at 9:38AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This ground-level office and warehouse space is located in Hialeah Gardens. The unit features a flexible, open layout, a reception area, two private bathrooms, and a kitchen/break room. The property also includes a spacious garage/warehouse area with high ceilings and a roll-up door. It is suitable for professional offices, showrooms, or light industrial use. The location provides convenient access to major highways, including I-75, the Palmetto Expressway, and Okeechobee Road. Ample parking is available.
Key Highlights
- Prime location in Hialeah Gardens with easy access to major highways (I‑75, Palmetto Expressway, and Okeechobee Rd).
- Flexible open layout suitable for office, showroom, or light industrial use.
- Spacious garage/warehouse area with high ceilings and roll‑up door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,511
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,220
$350.2K
Cap Rate 7%
$250,157
$250.2K
Cap Rate 9%
$194,567
$194.6K
Market Conditions
NOI Build-Up for 1,622 SF
Gross rent
$26.5K $16.32/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$25.0K $15.42/SF
− OpEx
−$7.5K −$4.63/SF
NOI
$17.5K $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%
$350,220
Cap Rate 7%
$250,157
Cap Rate 9%
$194,567
Alternative Uses
Best Use
Office B
$614.2K
$537.4K – $716.5K
NOI $42,991 @ 7.0% cap · market cap 1,131.34%
Second Best
Retail
$391.8K
$342.8K – $457.1K
NOI $27,427 @ 7.0% cap · market cap 721.76%
Theoretical Best
Office A
$822.9K
$720.1K – $960.1K
NOI $57,604 @ 7.0% cap · market cap 1,515.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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 Office in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Office/warehouse space in Hialeah Gardens, near major highways.
Where is this warehouse located?
The property is located at 10820 NW 138th St 1-C Hialeah Gardens, FL.
What are key features of this property?
This property features: Prime location in Hialeah Gardens with easy access to major highways (I‑75, Palmetto Expressway, and Okeechobee Rd).; Flexible open layout suitable for office, showroom, or light industrial use.; Spacious garage/warehouse area with high ceilings and roll‑up door.
