Flex Space with Street-Level
For Sale
Contact for pricing
1646 W 31st Pl # 1646, Hialeah, FL 33012
A clear-height interior and ground-level loading access support a range of light industrial operations.
Property Size70,521 SF
Price / SF$0.00
Days on Market299
Property Features for 1646 W 31st Pl # 1646
General Information
Standard status
Active
Size
70,521 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Additional Details
Property Use
Industrial Office/Warehouse
Taxes and HOA fees
Annual Taxes
$118,606
Building Details
Building Size
70,521 SF
Year Built
1965
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Pablo Vignolo · License #3276129
(305) 303-3837
Source:
Emporiore
Added: Jan 6
Changed: Nov 1
Last Checked: Oct 31 at 9:36PM
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 The Hype Real Estate Group Corp
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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 flex space offers 2,000 SF of industrial office and warehouse area, with 14' of clear height and one street-level loading door. The configuration is suited to a combination of office and warehouse functions.
The property is in West Hialeah Industrial Park at 1646 W 31st Pl in Hialeah, Florida. Built in 1965, the building provides a practical industrial setting for service, storage, or distribution activities.
The property is in West Hialeah Industrial Park at 1646 W 31st Pl in Hialeah, Florida. Built in 1965, the building provides a practical industrial setting for service, storage, or distribution activities.
Key Highlights
- 2,000 SF of industrial office and warehouse space
- 14' clear height
- One street‑level loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$800,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,010,160
$16.0M
Cap Rate 7%
$11,435,829
$11.4M
Cap Rate 9%
$8,894,533
$8.9M
Market Conditions
NOI Build-Up for 70,521 SF
Gross rent
$1.21M $17.16/SF
− Vacancy
−$66.6K −$0.94/SF
EGI
$1.14M $16.22/SF
− OpEx
−$343.1K −$4.86/SF
NOI
$800.5K $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 Rate 5%
$16,010,160
Cap Rate 7%
$11,435,829
Cap Rate 9%
$8,894,533
Alternative Uses
Best Use
Flex RnD
$15.18M
$13.28M – $17.71M
NOI $1,062,723 @ 7.0% cap · market cap 5,593,278.95%
Second Best
Warehouse
$13.89M
$12.15M – $16.20M
NOI $972,045 @ 7.0% cap · market cap 5,116,026.32%
Theoretical Best
Office A
$27.76M
$24.29M – $32.38M
NOI $1,942,995 @ 7.0% cap · market cap 10,226,289.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Similar Off Market Nearby
- Cater Me Cafe — 7216 NW 72nd Ave, Miami, FL 33166
- Ale's Paella Catering Miami — 8282 NW South River Dr, Medley, FL 33166
- Chef Cuba Catering — 8471 NW South River Dr, Medley, FL 33166
- Mirta Salazar Catering — 1685 W 42nd St #1, Hialeah, FL 33012
Frequently Asked Questions
What type of property is this?
Flex space - A clear-height interior and ground-level loading access support a range of light industrial operations.
Where is this flex space located?
The property is located at 1646 W 31st Pl # 1646 Hialeah, FL.
What are key features of this property?
This property features: 2,000 SF of industrial office and warehouse space; 14' clear height; One street‑level loading door
