Street-Level Flex Warehouse
For Sale
$540,000
5921 NW 176th Street 9, Hialeah, FL 33015
Street-level flex warehouse condo with concrete roof and floor construction in a 2007-built industrial complex.
Property Size1,688 SF
Price / SF$320.47
Days on Market123
Property Features for 5921 NW 176th Street 9
General Information
Standard status
Active
Size
1,688 SF
Property subtype
Mixed Use
Zoning
7700 Heavy Commercial/Industrial – Restricted
Additional Details
Highway Access
Yes
Building Details
Building Size
1,688 SF
Year Built
2007
Listing Agency:
United Realty Group Inc
Listed By:
Juan M Urbina · License #3262548
(305) 753-7393
Source:
Silverleafrealtygroup
Added: Jun 25
Changed: Oct 17
Last Checked: Oct 24 at 10:12PM
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$25,392
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,840
$507.8K
Cap Rate 7%
$362,743
$362.7K
Cap Rate 9%
$282,133
$282.1K
Market Conditions
NOI Build-Up for 1,685 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%
$507,840
Cap Rate 7%
$362,743
Cap Rate 9%
$282,133
Alternative Uses
Best Use
Flex RnD
$362.7K
$317.4K – $423.2K
NOI $25,392 @ 7.0% cap · market cap 4.70%
Second Best
Warehouse
$331.8K
$290.3K – $387.1K
NOI $23,226 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$663.2K
$580.3K – $773.8K
NOI $46,425 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
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 - 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 Street 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
