M-1 Flex
For Sale
Contact for pricing
4798 East 10th Lane, Hialeah, FL 33013
Commercial property with connected utilities, road access, and city water service.
Property Size6,338 SF
Lot Size0.23 Acres
Price / SF$204.95
Days on Market140
Property Features for 4798 East 10th Lane
General Information
Standard status
Active
Size
6,338 SF
Class
B
Lot size
0.23 Acres
Property subtype
Industrial
Zoning
M-1
Net Operating Income
$113,957
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Opportunity Zone
No
Building Details
Year Built
1955
Buildings
1
Stories
1
Building Size
6,338 SF
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias · License #Florida
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 6:59PM
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 ACRE Expert LLC
Investment Insights
Based on property information with market context.
This flex warehouse property contains 6,338 square feet on a 0.23-acre parcel with 10,000 square feet of land. The building was constructed in 1955 and carries M-1 zoning. Electric service and sewer connections are in place, while city water serves the property.
Located at 4798 East 10th Lane in Hialeah, the site has road access and is within Miami-Dade County. The property is identified as being in a flood zone; wetlands are not present. The layout is described as a flex warehouse, offering a commercial building format suited to users seeking combined functional space and site access.
Located at 4798 East 10th Lane in Hialeah, the site has road access and is within Miami-Dade County. The property is identified as being in a flood zone; wetlands are not present. The layout is described as a flex warehouse, offering a commercial building format suited to users seeking combined functional space and site access.
Key Highlights
- 6,338 sqft flex warehouse building
- 0.23‑acre parcel with 10,000 sqft of land
- M‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,511
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,910,220
$1.9M
Cap Rate 7%
$1,364,443
$1.4M
Cap Rate 9%
$1,061,233
$1.1M
Market Conditions
NOI Build-Up for 6,338 SF
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.
Gross rent
$159.7K $25.20/SF
− Vacancy
−$12.8K −$2.02/SF
EGI
$146.9K $23.18/SF
− OpEx
−$51.4K −$8.11/SF
NOI
$95.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,910,220
Cap Rate 7%
$1,364,443
Cap Rate 9%
$1,061,233
Alternative Uses
Best Use
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,511 @ 7.0% cap · market cap 7.35%
Second Best
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,362 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,625 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33013, FL
31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 305 CATER BARTENDING — 541 E 37th St, Hialeah, FL 33013
- Amtrak Catering — 4627 E 10th Ln, Hialeah, FL 33013
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with connected utilities, road access, and city water service.
Where is this flex space located?
The property is located at 4798 East 10th Lane Hialeah, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 6,338 sqft flex warehouse building; 0.23‑acre parcel with 10,000 sqft of land; M‑1 zoning
