Built-Out Industrial Condo
5-1745 W 37th St Hialeah, FL 33013
For Sale
$375,000
Industrial condo unit with reception, offices, kitchenette, two full bathrooms, and a warehouse bay with 20-foot ceilings.
Property Size1,160 SF
Price / SF$323.28
Days on Market46
Property Features for 5-1745 W 37th St
General Information
- Standard status
- Active
- Size
- 1,160 SF
Listing Agency:
Samour Realty
(305) 606-2879
Listed By:
Arturo Emilio Bendek · License #3454121
(305) 606-2879
Source:
Exprealty
Added: Jun 9
Changed: Jul 24
Last Checked: Jul 24 at 4:43AM
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 Samour Realty
Investment Insights
Based on property information with market context.
This built-out industrial condo unit offers a functional office and warehouse combination, featuring a welcoming reception area, multiple private offices, a fully equipped kitchenette with wood cabinetry and granite countertops, and two full bathrooms with showers. Security gating is provided throughout, supporting a move-in-ready setup.
The warehouse bay includes soaring 20-foot ceilings, pallet racking in place, and an oversized overhead drive-in door. The unit is described as eliminating the need for costly tenant improvements, with the overall build-out already in place.
Located in Hialeah’s commercial corridor, the property is minutes from the Palmetto Expressway on-ramp and Okeechobee Road and sits directly across from Lowe’s and Target. Monthly HOA is described as covering the building structure and roof.
The warehouse bay includes soaring 20-foot ceilings, pallet racking in place, and an oversized overhead drive-in door. The unit is described as eliminating the need for costly tenant improvements, with the overall build-out already in place.
Located in Hialeah’s commercial corridor, the property is minutes from the Palmetto Expressway on-ramp and Okeechobee Road and sits directly across from Lowe’s and Target. Monthly HOA is described as covering the building structure and roof.
Key Highlights
- 1,160 SF industrial condo unit with reception area, multiple private offices, kitchenette, and 2 full bathrooms with showers
- Warehouse bay features 20‑foot ceilings, pallet racking in place, and an oversized overhead drive‑in door
- Security gating throughout the unit
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 | $38.3k | $33.00 |
| − Vacancy | −$8.4k | −$7.26 |
| EGI | $29.9k | $25.74 |
| − OpEx | −$7.5k | −$6.44 |
| NOI | $22.4k | $19.31 |
1,160 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$319.9K
$279.9K – $373.2K
NOI $22,394 @ 7.0% cap · market cap 5.97%
Second Best
Flex RnD
$249.7K
$218.5K – $291.4K
NOI $17,481 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$456.6K
$399.5K – $532.7K
NOI $31,960 @ 7.0% cap · market cap 8.52%
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
- 305 CATER BARTENDING — 541 E 37th St, Hialeah, FL 33013
- Charanga Catering — 231 W 28th St, Hialeah, FL 33010
- Sorelle d'Miami — 271 W 28th St, Hialeah, FL 33010
- Navarro Distributors Inc — 201 W 28th St, Hialeah, FL 33010
FAQs
What type of property is this?
Flex space - Industrial condo unit with reception, offices, kitchenette, two full bathrooms, and a warehouse bay with 20-foot ceilings.
Where is this flex space located?
The property is located at 5-1745 W 37th St Hialeah, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,160 SF industrial condo unit with reception area, multiple private offices, kitchenette, and 2 full bathrooms with showers; Warehouse bay features 20‑foot ceilings, pallet racking in place, and an oversized overhead drive‑in door; Security gating throughout the unit
