Renovated First-Floor
New
For Sale
Contact for pricing
5901 NW 183RD ST, Hialeah, FL 33015
Flexible commercial condo with reception, private rooms, staff kitchen, and front parking in a strip-center setting.
Property Size1,198 SF
Price / SF$459.10
Days on Market7
Property Features for 5901 NW 183RD ST
General Information
Standard status
Active
Size
1,198 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Additional Details
Floor
1
Office Units
1
Building Details
Units
1
Tenancy
Single
Listing Agency:
Real Estate Sales Force
Listed By:
Azalea Cristobal · License #3455777
(786) 457-2796
Source:
Crexi
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 1 at 9:53PM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This 1,198 SF first-floor commercial condo has been renovated and arranged around an open layout with a reception area, waiting area, bathroom, and 3 rooms. The configuration includes a private room, a storage room with washer/dryer hookup, and a spacious kitchen/break room for staff. The space was formerly operated as a beauty salon and includes features applicable to office, wellness, salon, or other commercial occupancy, subject to applicable requirements.
The property is located at 5901 NW 183RD ST in Hialeah, within a strip center with front parking and neighboring tenants that contribute to walk-through activity. The unit is positioned for an owner-user or investor seeking commercial real estate with an existing interior layout and on-site parking.
The property is located at 5901 NW 183RD ST in Hialeah, within a strip center with front parking and neighboring tenants that contribute to walk-through activity. The unit is positioned for an owner-user or investor seeking commercial real estate with an existing interior layout and on-site parking.
Key Highlights
- 1,198 SF first‑floor commercial condo at 5901 NW 183RD ST, Hialeah, FL 33015
- Renovated open layout with reception and waiting areas
- 3 rooms, including a private room and storage room
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
$23,127
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
4.20%
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%
$462,540
$462.5K
Cap Rate 7%
$330,386
$330.4K
Cap Rate 9%
$256,967
$257.0K
Market Conditions
NOI Build-Up for 1,198 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
$39.5K $33.00/SF
− Vacancy
−$8.7K −$7.26/SF
EGI
$30.8K $25.74/SF
− OpEx
−$7.7K −$6.44/SF
NOI
$23.1K $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 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%
$462,540
Cap Rate 7%
$330,386
Cap Rate 9%
$256,967
Alternative Uses
Best Use
Office B
$330.4K
$289.1K – $385.5K
NOI $23,127 @ 7.0% cap · market cap 4.20%
Second Best
Retail
$297.6K
$260.4K – $347.2K
NOI $20,831 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$471.5K
$412.6K – $550.1K
NOI $33,007 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33015, FL
65,645
Population
23,963
Households
2.7
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
5.9 sq mi
ZIP Area
11,126
Density / Sq Mi
$73,609
Median Household Income
$37,274
Median Earnings
$1,841
Median Rent
$384,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cherry Blossom Shop — 5911 nw 173rd dr unit 10, hialeah, fl 33015
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- GiftedFLWR LLC — 5901 NW 183rd St SUITE 217, Hialeah, FL 33015
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial condo with reception, private rooms, staff kitchen, and front parking in a strip-center setting.
Where is this storefront property located?
The property is located at 5901 NW 183RD ST Hialeah, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,198 SF first‑floor commercial condo at 5901 NW 183RD ST, Hialeah, FL 33015; Renovated open layout with reception and waiting areas; 3 rooms, including a private room and storage room
