Renovated Four-Story Office
New
For Sale
$7,700,000
1140 W 50th St, Hialeah, FL 33012
Flexible suites include executive offices, treatment rooms, therapy areas, and reception spaces.
Property Size30,120 SF
Price / SF$255.64
Days on Market4
Property Features for 1140 W 50th St
General Information
Standard status
Active
Size
30,120 SF
Net Rentable
30,120 SF
Total Parking Spaces
60
Elevators
Yes
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1972
Year Renovated
2026
Buildings
1
Stories
4
Listing Agency:
D1 PROPERTY GROUP LLC
(305) 588-0282
Listed By:
JOSE VAL COHEN · License #A12066716
Source:
Corcoran
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 8:10AM
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 D1 PROPERTY GROUP LLC
Investment Insights
Based on property information with market context.
This four-story office building contains approximately 30,120 rentable square feet and was renovated in 2026. The property includes two elevators, refreshed common areas, restrooms, and a kitchen, along with HVAC and electrical upgrades across multiple floors. Interior improvements include executive offices, divisible suites, exam and treatment rooms, reception areas, therapy facilities, event space, and specialized medical build-outs.
The building is located at 1140 W 50th St in Hialeah, Florida, near the Palmetto Expressway with access to I-95, I-75, and Miami International Airport. On-site parking accommodates 60 vehicles. Windows provide natural light throughout the building, supporting a range of existing office and healthcare-oriented configurations.
The building is located at 1140 W 50th St in Hialeah, Florida, near the Palmetto Expressway with access to I-95, I-75, and Miami International Airport. On-site parking accommodates 60 vehicles. Windows provide natural light throughout the building, supporting a range of existing office and healthcare-oriented configurations.
Key Highlights
- Approximately 30,120 rentable square feet across four stories
- Renovated in 2026 with HVAC and electrical improvements
- Two elevators, updated common areas, restrooms, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$581,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,629,340
$11.6M
Cap Rate 7%
$8,306,671
$8.3M
Cap Rate 9%
$6,460,744
$6.5M
Market Conditions
NOI Build-Up for 30,120 SF
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.
Gross rent
$994.0K $33.00/SF
− Vacancy
−$218.7K −$7.26/SF
EGI
$775.3K $25.74/SF
− OpEx
−$193.8K −$6.44/SF
NOI
$581.5K $19.31/SF
Area
Hialeah, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,629,340
Cap Rate 7%
$8,306,671
Cap Rate 9%
$6,460,744
Alternative Uses
Best Use
Office B
$8.31M
$7.27M – $9.69M
NOI $581,467 @ 7.0% cap · market cap 7.55%
Second Best
Healthcare Medical
$6.97M
$6.10M – $8.13M
NOI $487,944 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$11.86M
$10.37M – $13.83M
NOI $829,866 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible suites include executive offices, treatment rooms, therapy areas, and reception spaces.
Where is this office building located?
The property is located at 1140 W 50th St Hialeah, FL.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: Approximately 30,120 rentable square feet across four stories; Renovated in 2026 with HVAC and electrical improvements; Two elevators, updated common areas, restrooms, and kitchen
