Building Details

Building Size 1,688 SF

Year Built 2007

Stories 1

Construction concrete

Listing Agency: United Realty Group Inc b***@urgfl.com Show Phone

Listed By: Juan Urbina Jr · License #3262548 Show Phone

Source: Futureoptionrealty

Added: Oct 23 Changed: Oct 24 Last Checked: Oct 24 at 3:19PM

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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 United Realty Group Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This street-level flex warehouse condo is part of Royal Commerce Center. The unit has concrete roof and floor construction and was built in 2007. Its zoning designation is 7700 Heavy Commercial/Industrial – Restricted.

The property is at 5921 NW 176th St in Hialeah, with access to the Palmetto Expressway and I-75. The space is classified as flex space.

Key Highlights

• Street‑level flex warehouse condo at Royal Commerce Center
• Concrete roof and floor construction
• Built in 2007

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,437

Cap Rate

4.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$508,740 $508.7K

Cap Rate 7%

$363,386 $363.4K

Cap Rate 9%

$282,633 $282.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,688 SF

Gross rent

$42.5K $25.20/SF

− Vacancy

−$3.4K −$2.02/SF

EGI

$39.1K $23.18/SF

− OpEx

−$13.7K −$8.11/SF

NOI

$25.4K $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 Rate 5%

$508,740

Cap Rate 7%

$363,386

Cap Rate 9%

$282,633

Alternative Uses

Best Use

Flex RnD

$363.4K

$318.0K – $424.0K (±1% cap)

NOI $25,437 @ 7.0% cap · market cap 4.71%

Second Best

Warehouse

$332.4K

$290.8K – $387.8K (±1% cap)

NOI $23,267 @ 7.0% cap · market cap 4.31%

Theoretical Best

Office A

$664.4K

$581.4K – $775.1K (±1% cap)

NOI $46,508 @ 7.0% cap · market cap 8.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

In One Spirit Miami ... Church NEW SPEEDWAY USA ... Newspaper & Magazine J.O Studios Music Venue Warehouse New Speedway ... Corporate Office Per-Max Construction & Remodeling Construction Company

Suggested Use

Top Pick Parking Lot & Garage Law Firm Nursing Home Acupuncture Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,600

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• CJs Catering — 5190 NW 167th St, Miami Gardens, FL 33014
• Melians Enterprises — 6157 NW 167th St STE F27, Hialeah, FL 33015
• Mary & Mo Catering — 6643 NW 174th Ln, Hialeah, FL 33015
• Crazy 4 Meat — 6970 NW 177th St, Hialeah, FL 33015
• Simple Southern Catering — 18538 NW 67th Ave, Miami Gardens, FL 33015

Frequently Asked Questions

What type of property is this?

Flex space - Concrete roof and floor construction distinguish this street-level industrial condo.

Where is this flex space located?

The property is located at 5921 NW 176th St #9 Hialeah, FL.

What is the asking price?

The asking price for this property is $540,000.

What are key features of this property?

This property features: Street‑level flex warehouse condo at Royal Commerce Center; Concrete roof and floor construction; Built in 2007