Office Condo with Private
New
For Sale
$350,000
502-4160 W 16th Ave, Hialeah, FL 33012
A dedicated reception area and kitchenette support day-to-day office operations.
Property Size990 SF
Price / SF$353.54
Days on Market7
Property Features for 502-4160 W 16th Ave
General Information
Standard status
Active
Size
990 SF
Taxes and HOA fees
Annual Taxes
$4,166
Listing Agency:
A Plus Realty Group, Corp
Listed By:
Doublan Torres Leon
(786) 308-1587
Source:
Exprealty
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 1:59AM
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 A Plus Realty Group, 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 990 SF office condominium in Hialeah is arranged with private offices and a reception area. Interior details include a glass reception counter, stone accent walls, glass-and-wood doors, and wood-look flooring. A kitchenette has custom cabinetry, a refrigerator, and a microwave, while LED lighting serves the space.
The unit is at 4160 W 16th Ave, Suite 502, within an established commercial building. On-site parking is available, with access to major roads, nearby shopping and restaurants, and surrounding businesses.
The unit is at 4160 W 16th Ave, Suite 502, within an established commercial building. On-site parking is available, with access to major roads, nearby shopping and restaurants, and surrounding businesses.
Key Highlights
- 990 SF office condominium at 4160 W 16th Ave, Suite 502, in Hialeah
- Private offices and a dedicated reception area
- Kitchenette fitted with custom cabinetry, refrigerator, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,112
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,240
$382.2K
Cap Rate 7%
$273,029
$273.0K
Cap Rate 9%
$212,356
$212.4K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$32.7K $33.00/SF
− Vacancy
−$7.2K −$7.26/SF
EGI
$25.5K $25.74/SF
− OpEx
−$6.4K −$6.44/SF
NOI
$19.1K $19.31/SF
Area
Hialeah, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,240
Cap Rate 7%
$273,029
Cap Rate 9%
$212,356
Alternative Uses
Best Use
Office B
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.7K
$341.0K – $454.6K
NOI $27,276 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,763
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A dedicated reception area and kitchenette support day-to-day office operations.
Where is this office unit located?
The property is located at 502-4160 W 16th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 990 SF office condominium at 4160 W 16th Ave, Suite 502, in Hialeah; Private offices and a dedicated reception area; Kitchenette fitted with custom cabinetry, refrigerator, and microwave
