First-Floor Office
For Sale
Contact for pricing
7318 W 20th Avenue, Hialeah, FL 33016
Freshly painted commercial office space positioned near major highway connections.
Property Size16,000 SF
Price / SF$0.31
Days on Market87
Property Features for 7318 W 20th Avenue
General Information
Standard status
Active
Size
16,000 SF
Property subtype
Retail
Additional Details
Floor
First Floor
Highway Access
Yes
Building Details
Year Built
1984
Listing Agency:
Industrial Realty Partners Inc
(305) 779-1110
Listed By:
Alberto Ocana · License #3071269
(305) 206-5090
Source:
Lehmannflorida
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 24 at 5:33PM
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 Industrial Realty Partners 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.
First-floor office units are available within a commercial building constructed in 1984. The property has been freshly painted and offers exposure to more than 160,000 cars per day.
Located at 7318 W 20th Ave in Hialeah, the office property is positioned near major highways, providing access to the broader roadway network. The address is in the 33016 ZIP code.
Located at 7318 W 20th Ave in Hialeah, the office property is positioned near major highways, providing access to the broader roadway network. The address is in the 33016 ZIP code.
Key Highlights
- First‑floor office units
- Exposure to more than 160,000 cars per day
- Building freshly painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$308,880
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,177,600
$6.2M
Cap Rate 7%
$4,412,571
$4.4M
Cap Rate 9%
$3,432,000
$3.4M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$528.0K $33.00/SF
− Vacancy
−$116.2K −$7.26/SF
EGI
$411.8K $25.74/SF
− OpEx
−$103.0K −$6.44/SF
NOI
$308.9K $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 Rate 5%
$6,177,600
Cap Rate 7%
$4,412,571
Cap Rate 9%
$3,432,000
Alternative Uses
Best Use
Office B
$4.41M
$3.86M – $5.15M
NOI $308,880 @ 7.0% cap · market cap 6,177.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.30M
$5.51M – $7.35M
NOI $440,832 @ 7.0% cap · market cap 8,816.64%
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
3,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Freshly painted commercial office space positioned near major highway connections.
Where is this office unit located?
The property is located at 7318 W 20th Avenue Hialeah, FL.
What are key features of this property?
This property features: First‑floor office units; Exposure to more than 160,000 cars per day; Building freshly painted
