Flex Space
371 W 21st St, Hialeah, FL 33010
For Sale
Contact for pricing
Located on W 21st St with approximately 30,000 cars daily.
Property Size4,755 SF
Lot Size0.15 Acres
Price / SF$273.40
Days on Market113
Property Features for 371 W 21st St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
RE/MAX 360 Real Estate | Coral Gables
(305) 602-0360
Listed By:
Agustin Duarte · License FL A11825546
(305) 450-5992
Source:
Moodyscre
Added: Jul 23
Changed: Nov 9
Last Checked: Nov 12 at 6:21AM
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 RE/MAX 360 Real Estate | Coral Gables
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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 property includes 0.15 acres of land and is positioned for commercial exposure along W 21st St. The property is located at 371 W 21st St in Hialeah, Florida 33010.
Approximately 30,000 cars travel by daily, providing a measurable traffic setting for the property.
Approximately 30,000 cars travel by daily, providing a measurable traffic setting for the property.
Key Highlights
- 0.15 acres of land
- Flex space property on W 21st St
- Approximately 30,000 cars daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,656
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,433,120
$1.4M
Cap Rate 7%
$1,023,657
$1.0M
Cap Rate 9%
$796,178
$796.2K
Market Conditions
NOI Build-Up for 4,755 SF
Gross rent
$119.8K $25.20/SF
− Vacancy
−$9.6K −$2.02/SF
EGI
$110.2K $23.18/SF
− OpEx
−$38.6K −$8.11/SF
NOI
$71.7K $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%
$1,433,120
Cap Rate 7%
$1,023,657
Cap Rate 9%
$796,178
Alternative Uses
Best Use
Flex RnD
$1.02M
$895.7K – $1.19M
NOI $71,656 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$771.1K
$674.7K – $899.6K
NOI $53,976 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,010 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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
- Dixie Catering — 2630 W 2nd Ave, Hialeah, FL 33010
Frequently Asked Questions
What type of property is this?
Flex space - Located on W 21st St with approximately 30,000 cars daily.
Where is this flex space located?
The property is located at 371 W 21st St Hialeah, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 0.15 acres of land; Flex space property on W 21st St; Approximately 30,000 cars daily
