Air-Conditioned Flex
For Sale
$1,150,000
6065 NW 167th St B25, Hialeah, FL 33015
Two-story commercial unit combining finished offices, conference rooms, and an air-conditioned warehouse with loading access.
Property Size3,860 SF
Days on Market8
Property Features for 6065 NW 167th St B25
General Information
Standard status
Active
Size
3,860 SF
Total Parking Spaces
3
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Conditioned Warehouse
Yes
Amenities
lobby
reception area
conference rooms
kitchen/break area
Building Details
Building Size
3,860 SF
Year Built
1982
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Kingdom Group International
(786) 457-6743
Listed By:
Yoleen Fernandez
(786) 457-6743
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 22 at 7:51AM
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 Kingdom Group International
Investment Insights
Based on property information with market context.
This flex space at 6065 NW 167th St B25 combines a two-story office component with warehouse and storage areas. The office layout includes a lobby and reception area, four private offices, two conference rooms, a kitchen or break area with refrigerator and sink, and two half bathrooms. Wood-look laminate flooring serves the office areas, while the warehouse has tiled flooring, 20-foot ceilings, air conditioning, one loading door, and additional storage space. Loading requires a liftgate-equipped vehicle.
The property includes three assigned parking spaces along with additional guest parking. It is located in the Commercial Park of Miami in the Hialeah–Miami Lakes area, near the Palmetto and between NW 57th Avenue and NW 67th Avenue. Current occupancy by a real estate company and a recording studio reflects the existing combination of office, creative, warehouse, and storage functions, subject to applicable zoning and association requirements. The building was constructed in 1982.
The property includes three assigned parking spaces along with additional guest parking. It is located in the Commercial Park of Miami in the Hialeah–Miami Lakes area, near the Palmetto and between NW 57th Avenue and NW 67th Avenue. Current occupancy by a real estate company and a recording studio reflects the existing combination of office, creative, warehouse, and storage functions, subject to applicable zoning and association requirements. The building was constructed in 1982.
Key Highlights
- 20‑foot warehouse ceilings with air conditioning and tiled flooring
- Four private offices, two conference rooms, and a lobby/reception area
- One loading door; loading requires a liftgate‑equipped vehicle
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
$74,517
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
6.48%
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%
$1,490,340
$1.5M
Cap Rate 7%
$1,064,529
$1.1M
Cap Rate 9%
$827,967
$828.0K
Market Conditions
NOI Build-Up for 3,860 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
$127.4K $33.00/SF
− Vacancy
−$28.0K −$7.26/SF
EGI
$99.4K $25.74/SF
− OpEx
−$24.8K −$6.44/SF
NOI
$74.5K $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%
$1,490,340
Cap Rate 7%
$1,064,529
Cap Rate 9%
$827,967
Alternative Uses
Best Use
Office B
$1.06M
$931.5K – $1.24M
NOI $74,517 @ 7.0% cap · market cap 6.48%
Second Best
Flex RnD
$831.0K
$727.1K – $969.5K
NOI $58,169 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,351 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
Balanced
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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Frequently Asked Questions
What type of property is this?
Flex space - Two-story commercial unit combining finished offices, conference rooms, and an air-conditioned warehouse with loading access.
Where is this flex space located?
The property is located at 6065 NW 167th St B25 Hialeah, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 20‑foot warehouse ceilings with air conditioning and tiled flooring; Four private offices, two conference rooms, and a lobby/reception area; One loading door; loading requires a liftgate‑equipped vehicle
