Turnkey Two-Story Warehouse
15-1701 W 37th St Hialeah, FL 33013
15-1701 W 37th St, Hialeah, FL, 33013
$420,000
For Sale
$420,000
Remodeled two-story flex warehouse with private offices, private bath, and open space for light work, plus two assigned parking spaces.
Property Size1,300 SF
Price / SF$323.08
Days on Market97
Property Features for 15-1701 W 37th St
General Information
- Standard status
- Active
- Size
- 1,300 SF
Listing agency
Brickell Investment Realty
(786) 285-6672
Listed by
Sebastian Simms · License #3099784
(786) 285-6672
Source
Exprealty
Added: Apr 16 Updated: Jul 21 at 4:47PM Checked: Jul 21 at 4:47PM
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 Brickell Investment Realty
Investment Insights
Based on property information with market context.
Turnkey, completely remodeled two-story warehouse flex space designed for immediate operation. The unit includes functional private offices, a private bathroom, and versatile open space suitable for light manufacturing, craftsmanship, or professional workspace. The property is described as secure, modern, and equipped with a security camera system.
Located at 15-1701 W 37th St in Hialeah, FL, the unit includes two assigned parking spaces. The listing notes a post-occupancy agreement for both sides’ convenience.
Additional provided operating details include a $412.00 maintenance fee covering everything but electricity, and 2025 property taxes listed at $4,400.
Located at 15-1701 W 37th St in Hialeah, FL, the unit includes two assigned parking spaces. The listing notes a post-occupancy agreement for both sides’ convenience.
Additional provided operating details include a $412.00 maintenance fee covering everything but electricity, and 2025 property taxes listed at $4,400.
Key Highlights
- Completely remodeled, turnkey 300 SF two‑story warehouse flex space
- Includes functional private offices, a private bathroom, and versatile open space for light manufacturing or professional use
- Secure unit with security camera system
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $25.20 |
| − Vacancy | −$2.6k | −$2.02 |
| EGI | $30.1k | $23.18 |
| − OpEx | −$10.5k | −$8.11 |
| NOI | $19.6k | $15.07 |
1,300 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$279.9K
$244.9K – $326.5K
NOI $19,590 @ 7.0% cap · market cap 4.66%
Second Best
Warehouse
$256.0K
$224.0K – $298.7K
NOI $17,919 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$511.7K
$447.7K – $597.0K
NOI $35,818 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- 305 CATER BARTENDING — 541 E 37th St, Hialeah, FL 33013
- Charanga Catering — 231 W 28th St, Hialeah, FL 33010
- Sorelle d'Miami — 271 W 28th St, Hialeah, FL 33010
- Navarro Distributors Inc — 201 W 28th St, Hialeah, FL 33010
FAQs
What type of property is this?
Flex space - Remodeled two-story flex warehouse with private offices, private bath, and open space for light work, plus two assigned parking spaces.
Where is this flex space located?
The property is located at 15-1701 W 37th St Hialeah, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Completely remodeled, turnkey 300 SF two‑story warehouse flex space; Includes functional private offices, a private bathroom, and versatile open space for light manufacturing or professional use; Secure unit with security camera system
