Street-Level Flex Warehouse
5921 NW 176th St #9 Hialeah, FL 33015
For Sale
$540,000
Built in 2007, this street-level flex warehouse condo offers durable concrete roof and floor construction.
Property Size1,685 SF
Price / SF$320.47
Days on Market20
Property Features for 5921 NW 176th St #9
General Information
- Standard status
- Active
- Size
- 1,685 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing Agency:
UNITED REALTY GROUP INC
(305) 753-7393
Listed By:
JUAN URBINA JR · License #A12043496
Source:
Corcoran
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 6:14AM
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 is located within Royal Commerce Center and was built in 2007. The unit includes durable concrete roof and floor construction designed for long-term strength. It is configured for industrial-flex use and is being offered for sale as part of a condominium arrangement.
The property provides quick access to the Palmetto Expressway and I-75. It is zoned 7700 Heavy Commercial/Industrial – Restricted.
The listing notes a turnkey floral business currently operating in the space that is also available for purchase separately.
The property provides quick access to the Palmetto Expressway and I-75. It is zoned 7700 Heavy Commercial/Industrial – Restricted.
The listing notes a turnkey floral business currently operating in the space that is also available for purchase separately.
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, allowing 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 |
1,685 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 35.00%
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 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 - Built in 2007, this street-level flex warehouse condo offers durable concrete roof and floor construction.
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, allowing industrial and commercial uses
