Flex Space with Central
701 E 21st St Hialeah, FL 33013
For Sale
$699,999
Pending
Flex space for sale featuring central A/C and separately metered utilities to help keep owner costs controlled.
Property Size3,509 SF
Days on Market3266
Property Features for 701 E 21st St
General Information
Standard status
Pending
Size
3,509 SF
Property subtype
General Commercial
Building Details
Year Built
2000
Listing Agency:
Berkshire Hathaway HomeServices Florida Realty
(305) 343-9554
Listed By:
Miguel Solis · License #0624178
(305) 343-9554
Source:
Xome
Added: Aug 20, 2017
Changed: Jul 27
Last Checked: Jul 27 at 5:12AM
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 Berkshire Hathaway HomeServices Florida Realty
Investment Insights
Based on property information with market context.
Located at 701 E 21st St in Hialeah, this flex space is offered for sale and totals 3,509 square feet. The building includes central A/C and individual FPL meters as well as water meters.
The setup with separate utility meters is designed to allocate key services at the meter level, which can help reduce owner expense exposure compared to a single combined billing arrangement. Tenants are currently in place, and the property requires scheduled access only—please do not disturb tenants.
This is a straightforward option for buyers seeking a flex-style commercial property with central air and individually metered power and water.
The setup with separate utility meters is designed to allocate key services at the meter level, which can help reduce owner expense exposure compared to a single combined billing arrangement. Tenants are currently in place, and the property requires scheduled access only—please do not disturb tenants.
This is a straightforward option for buyers seeking a flex-style commercial property with central air and individually metered power and water.
Key Highlights
- Flex space for sale with central A/C
- Separately metered utilities with individual FPL meters and water meters
- 20 parking spaces
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 | $88.4k | $25.20 |
| − Vacancy | −$7.1k | −$2.02 |
| EGI | $81.4k | $23.18 |
| − OpEx | −$28.5k | −$8.11 |
| NOI | $52.9k | $15.07 |
3,509 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$755.4K
$661.0K – $881.3K
NOI $52,879 @ 7.0% cap · market cap 7.55%
Second Best
Industrial
$569.0K
$497.9K – $663.9K
NOI $39,832 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,680 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex space for sale featuring central A/C and separately metered utilities to help keep owner costs controlled.
Where is this flex space located?
The property is located at 701 E 21st St Hialeah, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Flex space for sale with central A/C; Separately metered utilities with individual FPL meters and water meters; 20 parking spaces
