Street-Level Flex Warehouse
5921 NW 176th St 9 Hialeah, FL 33015
New
For Sale
$540,000
Street-level flex warehouse condo with concrete roof and floor construction in a 2007-built industrial complex.
Property Size1,688 SF
Price / SF$319.91
Days on Market3
Property Features for 5921 NW 176th St 9
General Information
- Standard status
- Active
- Size
- 1,688 SF
Building Details
- Year Built
- 2007
Listing Agency:
United Realty Group Inc
(305) 753-7393
Listed By:
Juan Urbina Jr · License #A12043496
Source:
Mymiahomes
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 11:40AM
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
Investment Insights
Based on property information with market context.
This street-level flex warehouse condo offers 1,685 square feet within a commercial-industrial condominium at Royal Commerce Center. Built in 2007, the unit features concrete roof and floor construction. The space is set up as a flex warehouse, suitable for a range of commercial and industrial applications.
The property is positioned in a location with quick access to the Palmetto Expressway and I-75. Public remarks note zoning of 7700 Heavy Commercial/Industrial – Restricted, which allows a variety of industrial and commercial uses.
The listing also references a turnkey floral business currently operating in the space, with that business available for purchase separately. Owner-user and investor use cases are both described in the remarks. Please contact the listing agent for additional information or to schedule a private showing.
The property is positioned in a location with quick access to the Palmetto Expressway and I-75. Public remarks note zoning of 7700 Heavy Commercial/Industrial – Restricted, which allows a variety of industrial and commercial uses.
The listing also references a turnkey floral business currently operating in the space, with that business available for purchase separately. Owner-user and investor use cases are both described in the remarks. Please contact the listing agent for additional information or to schedule a private showing.
Key Highlights
- 1,685 sq. ft. street‑level flex warehouse condo in Royal Commerce Center
- Built in 2007 with concrete roof and concrete floor construction
- Zoned 7700 Heavy Commercial/Industrial – Restricted for industrial and commercial uses
Financial Insights For Flex RnD
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 | $42.5k | $25.20 |
| − Vacancy | −$3.4k | −$2.02 |
| EGI | $39.1k | $23.18 |
| − OpEx | −$13.7k | −$8.11 |
| NOI | $25.4k | $15.07 |
1,688 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$363.4K
$318.0K – $424.0K
NOI $25,437 @ 7.0% cap · market cap 4.71%
Second Best
Warehouse
$332.4K
$290.8K – $387.8K
NOI $23,267 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$664.4K
$581.4K – $775.1K
NOI $46,508 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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
Similar Off Market Nearby
- Simple Southern Catering — 18538 NW 67th Ave, Miami Gardens, FL 33015
- Melians Enterprises — 6157 NW 167th St STE F27, Hialeah, FL 33015
- CJs Catering — 5190 NW 167th St, Miami Gardens, FL 33014
- Crazy 4 Meat — 6970 NW 177th St, Hialeah, FL 33015
- Mary & Mo Catering — 6643 NW 174th Ln, Hialeah, FL 33015
FAQs
What type of property is this?
Flex space - Street-level flex warehouse condo with concrete roof and floor construction in a 2007-built industrial complex.
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: 1,685 sq. ft. street‑level flex warehouse condo in Royal Commerce Center; Built in 2007 with concrete roof and concrete floor construction; Zoned 7700 Heavy Commercial/Industrial – Restricted for industrial and commercial uses
