Second-Floor Flex
For Sale
Contact for pricing
4232 W 16th Avenue, Hialeah, FL 33012
Elevator-served commercial unit with an open layout and restroom.
Property Size18,000 SF
Price / SF$0.00
Days on Market77
Property Features for 4232 W 16th Avenue
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Office
Additional Details
Road Access
Yes
Amenities
elevator
Building Details
Year Built
1985
Abandoned
No
Listing Agency:
York Investments Corp.
(305) 443-0000
Listed By:
Adin Garcia · License #3367055
(786) 277-3693
Source:
Lehmannflorida
Added: Aug 13
Changed: Oct 27
Last Checked: Oct 28 at 7:11AM
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 York Investments Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 750 SF flex space occupies the second floor of a commercial property built in 1985. An elevator serves the unit, which includes an open interior arrangement and a restroom. The space was previously configured for training use and can accommodate retail, showroom, law firm, administrative office, or other professional-service functions identified in the property information.
The property is located at 4232 W 16th Ave in Hialeah, FL 33012. Walk Score is 75, rated Very Walkable; Bike Score is 50, rated Bikeable; and Transit Score is 36, indicating Some Transit. The address places the space along W 16th Ave for businesses seeking a flexible commercial setting.
The property is located at 4232 W 16th Ave in Hialeah, FL 33012. Walk Score is 75, rated Very Walkable; Bike Score is 50, rated Bikeable; and Transit Score is 36, indicating Some Transit. The address places the space along W 16th Ave for businesses seeking a flexible commercial setting.
Key Highlights
- 750 SF second‑floor flex space
- Elevator access to the second‑floor unit
- Open layout with an included restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,324
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,086,480
$4.1M
Cap Rate 7%
$2,918,914
$2.9M
Cap Rate 9%
$2,270,267
$2.3M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$308.9K $17.16/SF
− Vacancy
−$17.0K −$0.94/SF
EGI
$291.9K $16.22/SF
− OpEx
−$87.6K −$4.86/SF
NOI
$204.3K $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%
$4,086,480
Cap Rate 7%
$2,918,914
Cap Rate 9%
$2,270,267
Alternative Uses
Best Use
Retail
$4.47M
$3.91M – $5.22M
NOI $312,984 @ 7.0% cap · market cap 1,203,784.62%
Second Best
Flex RnD
$3.88M
$3.39M – $4.52M
NOI $271,253 @ 7.0% cap · market cap 1,043,280.77%
Theoretical Best
Office A
$7.08M
$6.20M – $8.27M
NOI $495,936 @ 7.0% cap · market cap 1,907,446.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,734
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 Industrial in South region
Similar Off Market Nearby
- Ale's Paella Catering Miami — 8282 NW South River Dr, Medley, FL 33166
- Chef Cuba Catering — 8471 NW South River Dr, Medley, FL 33166
- Mirta Salazar Catering — 1685 W 42nd St #1, Hialeah, FL 33012
- Rode Services Inc — 9605 NW 79th Ave #17, Hialeah Gardens, FL 33016
- Wuara, Cuban Pizza Food Truck — 1460 W 49th St, Hialeah, FL 33012
Frequently Asked Questions
What type of property is this?
Flex space - Elevator-served commercial unit with an open layout and restroom.
Where is this flex space located?
The property is located at 4232 W 16th Avenue Hialeah, FL.
What are key features of this property?
This property features: 750 SF second‑floor flex space; Elevator access to the second‑floor unit; Open layout with an included restroom
