Office-Flex Space with
For Sale
Contact for pricing
10840 NW 138th St 1-A, Hialeah Gardens, FL 33018
Office and warehouse areas include a full kitchen, reception lobby, built-in furniture, and street-level loading access.
Property Size2,218 SF
Price / SF$1.62
Days on Market47
Property Features for 10840 NW 138th St 1-A
General Information
Standard status
Active
Size
2,218 SF
Total Parking Spaces
5
Property subtype
Industrial
Lease Term
1 to 3 years
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
654 SF
Office Build-Out
1,564 SF
Drive-In Doors
1
Building Details
Building Size
2,218 SF
Year Built
2007
Stories
2
Listing Agency:
Global Investment Prop. Inc.
Listed By:
Marcelo Merlo · License #A12085504
(305) 318-4736
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 24 at 6:46PM
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 Global Investment Prop. Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,218 SF flex space combines office and warehouse functionality in a 2007-built property. The 1,564 SF +/- office area includes a full kitchen, reception area and lobby, a large open office on the second floor, and built-in furniture. The 654 SF +/- warehouse area provides additional storage and includes a street-level loading door. Five assigned parking spaces are included.
Located at 10840 NW 138th St 1-A in Hialeah Gardens, the property has exposure along busy NW 138 St. Access to I-75, 826, and Florida’s Turnpike supports convenient regional travel. The layout is suited to office-flex operations, including architect, general contractor, and showroom uses identified in the property information.
Located at 10840 NW 138th St 1-A in Hialeah Gardens, the property has exposure along busy NW 138 St. Access to I-75, 826, and Florida’s Turnpike supports convenient regional travel. The layout is suited to office-flex operations, including architect, general contractor, and showroom uses identified in the property information.
Key Highlights
- 2,218 SF total area with office and warehouse components
- 1,564 SF +/- office area with full kitchen, reception area/lobby, and built‑in furniture
- 654 SF +/- warehouse area with additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,945
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,900
$478.9K
Cap Rate 7%
$342,071
$342.1K
Cap Rate 9%
$266,056
$266.1K
Market Conditions
NOI Build-Up for 2,218 SF
Gross rent
$36.2K $16.32/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$34.2K $15.42/SF
− OpEx
−$10.3K −$4.63/SF
NOI
$23.9K $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%
$478,900
Cap Rate 7%
$342,071
Cap Rate 9%
$266,056
Alternative Uses
Best Use
Flex RnD
$697.0K
$609.8K – $813.1K
NOI $48,787 @ 7.0% cap · market cap 1,355.19%
Second Best
Warehouse
$415.4K
$363.5K – $484.6K
NOI $29,076 @ 7.0% cap · market cap 807.67%
Theoretical Best
Office A
$1.13M
$984.6K – $1.31M
NOI $78,770 @ 7.0% cap · market cap 2,188.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road 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 Industrial in South region
Similar Off Market Nearby
- Nets Girls Catering & Social Club — 14501 Jefferson St, Miami, FL 33176
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas include a full kitchen, reception lobby, built-in furniture, and street-level loading access.
Where is this flex space located?
The property is located at 10840 NW 138th St 1-A Hialeah Gardens, FL.
What are key features of this property?
This property features: 2,218 SF total area with office and warehouse components; 1,564 SF +/- office area with full kitchen, reception area/lobby, and built‑in furniture; 654 SF +/- warehouse area with additional storage space
