Flex Space with Rear Loading
For Sale
Contact for pricing
3960 W 16th Ave # 205, Hialeah, FL 33012
Open interior with a dedicated office, restroom, mezzanine storage, and assigned parking.
Property Size2,012 SF
Price / SF$2.53
Days on Market146
Property Features for 3960 W 16th Ave # 205
General Information
Standard status
Active
Size
2,012 SF
Property subtype
Flex Space
Additional Details
Highway Access
Yes
Property Use
Flex
Amenities
grandfathered mezzanine
Building Details
Building Size
2,012 SF
Year Built
1980
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Jun 5
Changed: Oct 27
Last Checked: Oct 27 at 4:24AM
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 Emporio Real Estate
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Investment Insights
Based on property information with market context.
This 2,012-square-foot flex space has an open interior, a dedicated office, and a restroom. A rear loading door supports deliveries, while a grandfathered mezzanine provides additional storage. The property was built in 1980.
Positioned on W 16th Ave in Hialeah, the space has street-front exposure and is near the Palmetto Expressway (SR-826), I-75, and Okeechobee Road. Assigned parking is provided for tenants and staff.
Positioned on W 16th Ave in Hialeah, the space has street-front exposure and is near the Palmetto Expressway (SR-826), I-75, and Okeechobee Road. Assigned parking is provided for tenants and staff.
Key Highlights
- 2,012 square feet of flex space
- Rear loading door
- Grandfathered mezzanine for additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,839
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,780
$456.8K
Cap Rate 7%
$326,271
$326.3K
Cap Rate 9%
$253,767
$253.8K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$34.5K $17.16/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$32.6K $16.22/SF
− OpEx
−$9.8K −$4.86/SF
NOI
$22.8K $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%
$456,780
Cap Rate 7%
$326,271
Cap Rate 9%
$253,767
Alternative Uses
Best Use
Retail
$499.8K
$437.3K – $583.1K
NOI $34,985 @ 7.0% cap · market cap 685.98%
Second Best
Flex RnD
$433.1K
$379.0K – $505.3K
NOI $30,320 @ 7.0% cap · market cap 594.51%
Theoretical Best
Office A
$791.9K
$692.9K – $923.9K
NOI $55,435 @ 7.0% cap · market cap 1,086.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,175
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
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Open interior with a dedicated office, restroom, mezzanine storage, and assigned parking.
Where is this flex space located?
The property is located at 3960 W 16th Ave # 205 Hialeah, FL.
What are key features of this property?
This property features: 2,012 square feet of flex space; Rear loading door; Grandfathered mezzanine for additional storage
