Flex Space with Remodeled
For Sale
Contact for pricing
1678 W 31st Pl 1678, Hialeah, FL 33012
Industrial property with LED lighting and a practical layout for storage, light industrial, or service operations.
Property Size70,521 SF
Days on Market176
Property Features for 1678 W 31st Pl 1678
General Information
Standard status
Active
Size
70,521 SF
Property subtype
Industrial
Additional Details
Clear Height
17 ft
Taxes and HOA fees
Annual Taxes
$118,606
Building Details
Building Size
70,521 SF
Year Built
1965
Stories
1
Listing Agency:
THE HYPE REAL ESTATE GROUP CORP
Listed By:
Pablo Vignolo · License #A12025588
(305) 303-3837
Source:
Elliman
Added: Apr 24
Changed: Oct 3
Last Checked: Oct 14 at 11:10PM
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 at 1678 W 31st Pl in Hialeah provides 17 feet of clear height, LED lighting, and a remodeled office component. The interior configuration supports storage, light industrial, and service-oriented operations, offering functional space for a range of commercial activities. Constructed in 1965, the property is located in Hialeah, Florida, with a Walk Score of 47 and Bike Score of 41.
Key Highlights
- 17’ clear height
- Remodeled office area
- LED lighting throughout the space
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
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
Balanced
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
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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
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with LED lighting and a practical layout for storage, light industrial, or service operations.
Where is this flex space located?
The property is located at 1678 W 31st Pl 1678 Hialeah, FL.
What are key features of this property?
This property features: 17’ clear height; Remodeled office area; LED lighting throughout the space
