Flex Space with Loading
For Sale
$399,000
Pending
7880 W 20th Ave Unit 37, Hialeah, FL 33016
One-story commercial space combines office, showroom, and warehouse functionality with high ceilings and on-site parking.
Property Size2,820 SF
Days on Market2326
Property Features for 7880 W 20th Ave Unit 37
General Information
Standard status
Pending
Size
2,820 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$4,753
Amenities
3
Building Details
Year Built
1986
Stories
1
Listing Agency:
Florida R&M Realty
(786) 838-8212
Listed By:
Jessica Gutierrez
(786) 838-8212
Source:
Xome
Added: Apr 20, 2020
Changed: Aug 30
Last Checked: Aug 30 at 10:09PM
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 Florida R&M Realty
Investment Insights
Based on property information with market context.
This 2,820-square-foot flex property at 7880 W 20th Ave Unit 37 in Hialeah, Florida, offers a one-story configuration suited to office, showroom, and warehouse functions. The interior includes two offices, bathrooms, high ceilings, and a bay loading door for receiving and moving goods.
The property provides three parking spaces, along with an additional space positioned in front of the loading door. Built in 1986, the space brings together work areas, customer-facing functionality, storage capability, and direct loading access within a single commercial unit.
The property provides three parking spaces, along with an additional space positioned in front of the loading door. Built in 1986, the space brings together work areas, customer-facing functionality, storage capability, and direct loading access within a single commercial unit.
Key Highlights
- 2,820‑square‑foot flex property in Hialeah, FL
- One‑story layout with high ceilings
- Office, showroom, and warehouse functionality
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
$32,011
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
8.02%
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%
$640,220
$640.2K
Cap Rate 7%
$457,300
$457.3K
Cap Rate 9%
$355,678
$355.7K
Market Conditions
NOI Build-Up for 2,820 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
$48.4K $17.16/SF
− Vacancy
−$2.7K −$0.94/SF
EGI
$45.7K $16.22/SF
− OpEx
−$13.7K −$4.86/SF
NOI
$32.0K $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%
$640,220
Cap Rate 7%
$457,300
Cap Rate 9%
$355,678
Alternative Uses
Best Use
Office B
$777.7K
$680.5K – $907.3K
NOI $54,440 @ 7.0% cap · market cap 13.64%
Second Best
Retail
$700.5K
$612.9K – $817.2K
NOI $49,034 @ 7.0% cap · market cap 12.29%
Theoretical Best
Office A
$1.11M
$971.2K – $1.29M
NOI $77,697 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,726
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Black Tie Affair — 1800 W 68th St, Hialeah, FL 33014
- Royal Paella Catering. — 7925 W 25th Ave, Hialeah, FL 33016
- Miami Grill Catering — 2350 W 84th St Suite 8, Hialeah, FL 33016
Frequently Asked Questions
What type of property is this?
Flex space - One-story commercial space combines office, showroom, and warehouse functionality with high ceilings and on-site parking.
Where is this flex space located?
The property is located at 7880 W 20th Ave Unit 37 Hialeah, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,820‑square‑foot flex property in Hialeah, FL; One‑story layout with high ceilings; Office, showroom, and warehouse functionality
