Light Industrial Conversion
251 W 27th St Hialeah, FL 33010
For Sale
Contact for pricing
M-1 zoned property with a 1952 concrete block structure and 4+ parking spaces on a small industrial lot.
Property Size1,903 SF
Price / SF$236.47
Days on Market121
Property Features for 251 W 27th St
General Information
- Standard status
- Active
- Size
- 1,903 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1952
Listing Agency:
Compass Florida LLC
Listed By:
Matthew Cronin · License #SL3437781
Source:
Crexi
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 23 at 7:09AM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
A light industrial conversion opportunity at 251 W 27th St. The site includes a 6,450 SF lot with an existing 1,903 SF structure described as 1952 concrete block (CBS) construction. The current improvements are laid out as a 4-bedroom, 3-bath configuration, with 4+ spaces for parking.
The property is located within the M-1 (Light Industrial) zoning district. The remarks note M-1 zoning utility for uses such as light manufacturing, wholesale distribution, printing, food preparation, self-storage, caterers, and vessel maintenance, supporting a range of redevelopment directions.
Access and market connectivity are supported by proximity to major South Florida corridors, with the remarks indicating minutes to Palmetto Expressway (SR 826) and I-95, and proximity to Miami International Airport (MIA) and shipping corridors.
The property is located within the M-1 (Light Industrial) zoning district. The remarks note M-1 zoning utility for uses such as light manufacturing, wholesale distribution, printing, food preparation, self-storage, caterers, and vessel maintenance, supporting a range of redevelopment directions.
Access and market connectivity are supported by proximity to major South Florida corridors, with the remarks indicating minutes to Palmetto Expressway (SR 826) and I-95, and proximity to Miami International Airport (MIA) and shipping corridors.
Key Highlights
- M‑1 (Light Industrial) zoned property at 251 W 27th St on a 6,450 SF lot
- 1952 concrete block (CBS) structure totaling 1,903 SF
- 4‑bed, 3‑bath CBS construction (concrete block & stucco)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.8k | $33.00 |
| − Vacancy | −$13.8k | −$7.26 |
| EGI | $49.0k | $25.74 |
| − OpEx | −$12.2k | −$6.44 |
| NOI | $36.7k | $19.31 |
1,903 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$524.8K
$459.2K – $612.3K
NOI $36,737 @ 7.0% cap · market cap 8.16%
Second Best
Flex RnD
$409.7K
$358.5K – $478.0K
NOI $28,677 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$749.0K
$655.4K – $873.9K
NOI $52,431 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Rainbow Catering Inc — 275 W 25th St, Hialeah, FL 33010
- Discovery Play — 2642 W 3rd Ave unit d, Hialeah, FL 33010
- Aja’s Catering service llc — 2275 W 5th Way, Hialeah, FL 33010
- Twins Catering, inc — 2642 W 3rd Ave, Hialeah, FL 33010
- Dixie Catering — 2630 W 2nd Ave, Hialeah, FL 33010
FAQs
What type of property is this?
Flex space - M-1 zoned property with a 1952 concrete block structure and 4+ parking spaces on a small industrial lot.
Where is this flex space located?
The property is located at 251 W 27th St Hialeah, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: M‑1 (Light Industrial) zoned property at 251 W 27th St on a 6,450 SF lot; 1952 concrete block (CBS) structure totaling 1,903 SF; 4‑bed, 3‑bath CBS construction (concrete block & stucco)
