Office/Warehouse Flex
For Sale
$324,500
Pending
6043 NW 167th St Unit A27, Hialeah, FL 33015
Versatile commercial unit combining reception, private offices, support areas, and warehouse access within a gated complex.
Property Size2,395 SF
Days on Market2556
Property Features for 6043 NW 167th St Unit A27
General Information
Standard status
Pending
Size
2,395 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,894
Amenities
gated entry
office maintenance
3
3 Parking Spaces.
Building Details
Year Built
1982
Listing Agency:
K & A Realty
(305) 244-7481
Listed By:
Rodrigo Kirilauscas
(305) 244-7481
Source:
Xome
Added: Sep 1, 2019
Changed: Aug 30
Last Checked: Aug 30 at 12:46PM
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 K & A Realty
Investment Insights
Based on property information with market context.
Unit A-27 is a flex-space property with approximately 2,395 square feet of office and warehouse area. The layout includes a reception area, conference room, private offices, two bathrooms, a break area, and an overhead door serving the warehouse portion. Built in 1982, the unit supports a combination of administrative and storage-oriented functions.
The property is located at 6043 NW 167th St in Hialeah, with State Road 826 frontage and access to major expressways. The commercial complex provides guest parking, gated entry during non-business hours, and exterior maintenance. Three parking spaces are identified for the unit.
The property is located at 6043 NW 167th St in Hialeah, with State Road 826 frontage and access to major expressways. The commercial complex provides guest parking, gated entry during non-business hours, and exterior maintenance. Three parking spaces are identified for the unit.
Key Highlights
- Approximately 2,395 SqFt +/- of office/warehouse space
- Reception area, conference room, private offices, break area, and two bathrooms
- Overhead door provides access to the warehouse area
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
$27,186
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
8.38%
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%
$543,720
$543.7K
Cap Rate 7%
$388,371
$388.4K
Cap Rate 9%
$302,067
$302.1K
Market Conditions
NOI Build-Up for 2,395 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
$41.1K $17.16/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$38.8K $16.22/SF
− OpEx
−$11.7K −$4.86/SF
NOI
$27.2K $11.35/SF
Area
Hialeah, FL
Vacancy
5.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$543,720
Cap Rate 7%
$388,371
Cap Rate 9%
$302,067
Alternative Uses
Best Use
Office B
$660.5K
$577.9K – $770.6K
NOI $46,235 @ 7.0% cap · market cap 14.25%
Second Best
Flex RnD
$515.6K
$451.2K – $601.5K
NOI $36,092 @ 7.0% cap · market cap 11.12%
Theoretical Best
Office A
$942.7K
$824.8K – $1.10M
NOI $65,987 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33015, FL
65,645
Population
23,963
Households
2.7
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
5.9 sq mi
ZIP Area
11,126
Density / Sq Mi
$73,609
Median Household Income
$37,274
Median Earnings
$1,841
Median Rent
$384,000
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?
Flex space - Versatile commercial unit combining reception, private offices, support areas, and warehouse access within a gated complex.
Where is this flex space located?
The property is located at 6043 NW 167th St Unit A27 Hialeah, FL.
What is the asking price?
The asking price for this property is $324,500.
What are key features of this property?
This property features: Approximately 2,395 SqFt +/- of office/warehouse space; Reception area, conference room, private offices, break area, and two bathrooms; Overhead door provides access to the warehouse area
