Flex Warehouse and Office
For Sale
$475,000
1750 W 39th Pl 1007, Hialeah, FL 33012
Flex warehouse condo offering ground-floor warehouse space plus a second-floor office or storage area and two assigned parking spaces.
Property Size1,816 SF
Price / SF$261.56
Days on Market78
Property Features for 1750 W 39th Pl 1007
General Information
Standard status
Active
Size
1,816 SF
Total Parking Spaces
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Avanti Way Commercial
Listed By:
Jerry Stapel
(305) 216-4636
Source:
Mymiahomes
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 6 at 12:12AM
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 Avanti Way Commercial
Investment Insights
Based on property information with market context.
This flex warehouse and office condo was originally built at 1,166 SF and later improved with an approximately 650 SF second-floor office/storage addition. The layout provides a combination of warehouse and office use, with approximately 900 SF of storage/warehouse area split between the ground and second floors, and an approximately 916 SF office component. The unit is fully air-conditioned and serviced by two central A/C systems, and includes two bathrooms.
The property is located in Hialeah with convenient access to major routes, positioned just minutes from the Palmetto Expressway (SR-826) and Okeechobee Road.
Two assigned parking spaces are included. The second-floor area adds additional office and storage capacity within the condo configuration.
The property is located in Hialeah with convenient access to major routes, positioned just minutes from the Palmetto Expressway (SR-826) and Okeechobee Road.
Two assigned parking spaces are included. The second-floor area adds additional office and storage capacity within the condo configuration.
Key Highlights
- 1980‑built flex warehouse/office condo with ground‑floor warehouse plus a second‑floor office/storage area.
- Second‑floor addition adds approx. 650 SF, for approx. total usable area of approx. 1,816 SF (buyer to verify).
- Approx. 900 SF storage/warehouse area: approx. 650 SF ground floor and approx. 250 SF second floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,058
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,160
$701.2K
Cap Rate 7%
$500,829
$500.8K
Cap Rate 9%
$389,533
$389.5K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$59.9K $33.00/SF
− Vacancy
−$13.2K −$7.26/SF
EGI
$46.7K $25.74/SF
− OpEx
−$11.7K −$6.44/SF
NOI
$35.1K $19.31/SF
Area
Hialeah, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,160
Cap Rate 7%
$500,829
Cap Rate 9%
$389,533
Alternative Uses
Best Use
Office B
$500.8K
$438.2K – $584.3K
NOI $35,058 @ 7.0% cap · market cap 7.38%
Second Best
Flex RnD
$390.9K
$342.1K – $456.1K
NOI $27,366 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$714.8K
$625.4K – $833.9K
NOI $50,034 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse condo offering ground-floor warehouse space plus a second-floor office or storage area and two assigned parking spaces.
Where is this flex space located?
The property is located at 1750 W 39th Pl 1007 Hialeah, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1980‑built flex warehouse/office condo with ground‑floor warehouse plus a second‑floor office/storage area.; Second‑floor addition adds approx. 650 SF, for approx. total usable area of approx. 1,816 SF (buyer to verify).; Approx. 900 SF storage/warehouse area: approx. 650 SF ground floor and approx. 250 SF second floor.
