Flex Space with Exposed
1671 W 37th St # 1, Hialeah, FL 33012
For Sale
$390,000
Commercial suite with 7100 zoning and exposed ceiling construction.
Property Size963 SF
Days on Market101
Property Features for 1671 W 37th St # 1
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Phantom Real Estate
Listed By:
Ernesto Varela Echevarria · License FL #3578326
(530) 307-0983
Source:
Miamibrokersgroup
Added: Aug 4
Changed: Oct 31
Last Checked: Nov 12 at 1:47PM
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 Phantom Real Estate
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Investment Insights
Based on property information with market context.
Suite 1 at 1671 W 37th St is configured as flex space with exposed ceilings and a commercial zoning designation identified as 7100. The property was built in 1989.
Permitted uses, zoning interpretation, and applicable requirements should be confirmed with the appropriate local authorities before pursuing a specific occupancy or use.
Permitted uses, zoning interpretation, and applicable requirements should be confirmed with the appropriate local authorities before pursuing a specific occupancy or use.
Key Highlights
- Flex space with exposed ceilings
- Zoning designation: 7100
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,512
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,240
$290.2K
Cap Rate 7%
$207,314
$207.3K
Cap Rate 9%
$161,244
$161.2K
Market Conditions
NOI Build-Up for 963 SF
Gross rent
$24.3K $25.20/SF
− Vacancy
−$1.9K −$2.02/SF
EGI
$22.3K $23.18/SF
− OpEx
−$7.8K −$8.11/SF
NOI
$14.5K $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%
$290,240
Cap Rate 7%
$207,314
Cap Rate 9%
$161,244
Alternative Uses
Best Use
Flex RnD
$207.3K
$181.4K – $241.9K
NOI $14,512 @ 7.0% cap · market cap 3.72%
Second Best
Industrial
$156.2K
$136.6K – $182.2K
NOI $10,931 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$379.0K
$331.7K – $442.2K
NOI $26,533 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,464
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
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial suite with 7100 zoning and exposed ceiling construction.
Where is this flex space located?
The property is located at 1671 W 37th St # 1 Hialeah, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Flex space with exposed ceilings; Zoning designation: 7100; Built in 1989
