Hialeah Flex Condo
1670 West 39th Place #1302, Hialeah, FL 33012
For Sale
$424,125
1,305 SF flex condo warehouse in the heart of Hialeah.
Property Size1,305 SF
Price / SF$325
Days on Market253
Property Features for 1670 West 39th Place #1302
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Kaizen Realty Partners, LLC
Listed By:
Ivelisse Meneses, PA, CCIM · License FL #3231468
(786) 271-7712
Source:
Kaizenrealtypartners
Added: Mar 5
Changed: Aug 24
Last Checked: Aug 14 at 6:02AM
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 Kaizen Realty Partners, LLC
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Investment Insights
Based on property information with market context.
This flex condo warehouse in Hialeah offers 1,305 square feet of versatile space, ideally suited for industrial uses such as distribution, manufacturing, and storage. The property features a front street-level loading door, a 20-foot ceiling height, a durable twin-tee roof, and two assigned parking spaces. Built in 1980, the property is zoned for light manufacturing (4118). The space includes a reception/waiting area, a large open space, a first-floor private office, a storage area, a restroom, a second-floor open space, a second-floor private office, and a mezzanine. Strategically located blocks from the Palmetto Expressway, I-75, and Okeechobee Road, the property provides connectivity for efficient logistics and client access. This space is in West Hialeah, an industrial hub known for its local workforce and business-friendly environment, making it ideal for businesses expanding or establishing operations in a high-demand area.
Key Highlights
- Prime Hialeah location with unparalleled connectivity.
- 1,305 SF flex condo warehouse ideal for distribution, manufacturing, and storage.
- Benefit from a 20‑foot ceiling height and street‑level loading door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,666
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,320
$393.3K
Cap Rate 7%
$280,943
$280.9K
Cap Rate 9%
$218,511
$218.5K
Market Conditions
NOI Build-Up for 1,305 SF
Gross rent
$32.9K $25.20/SF
− Vacancy
−$2.6K −$2.02/SF
EGI
$30.3K $23.18/SF
− OpEx
−$10.6K −$8.11/SF
NOI
$19.7K $15.07/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,320
Cap Rate 7%
$280,943
Cap Rate 9%
$218,511
Alternative Uses
Best Use
Flex RnD
$280.9K
$245.8K – $327.8K
NOI $19,666 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$513.6K
$449.4K – $599.3K
NOI $35,955 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,693
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
$355,600
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Hialeah, FL
Properties on Market for Flex space in Hialeah
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Mestizo — 8005 NW 80th St, Miami, FL 33166
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- Chef Cuba Catering — 8471 NW South River Dr, Medley, FL 33166
- Mirta Salazar Catering — 1685 W 42nd St #1, Hialeah, FL 33012
- Rode Services Inc — 9605 NW 79th Ave #17, Hialeah Gardens, FL 33016
Frequently Asked Questions
What type of property is this?
Flex space - 1,305 SF flex condo warehouse in the heart of Hialeah.
Where is this flex space located?
The property is located at 1670 West 39th Place #1302 Hialeah, FL.
What is the asking price?
The asking price for this property is $424,125.
What are key features of this property?
This property features: Prime Hialeah location with unparalleled connectivity.; 1,305 SF flex condo warehouse ideal for distribution, manufacturing, and storage.; Benefit from a 20‑foot ceiling height and street‑level loading door.
