Hialeah Gardens Industrial Flex
For Sale
$2,699,000
8085 NW 98th St, Hialeah Gardens, FL 33016
Industrial flex space in a resilient commercial market.
Property Size5,076 SF
Lot Size0.23 Acres
Price / SF$531.72
Days on Market159
Property Features for 8085 NW 98th St
General Information
Standard status
Active
Size
5,076 SF
Lot size
0.23 Acres
Building Details
Year Built
1977
Listing Agency:
Realty Hub
Listed By:
Nais Baruch · License #3506387
(425) 233-1891
Source:
Mymiahomes
Added: May 19
Changed: Oct 10
Last Checked: Oct 23 at 8:36AM
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 Realty Hub
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Investment Insights
Based on property information with market context.
This property is positioned within a strong industrial corridor in Hialeah Gardens, outside the Wellfield Protection Area, which allows for broader industrial uses. It is strategically located within a highly active industrial corridor, benefiting from strong connectivity and accessibility for logistics, service-based businesses, and contractor operations. Immediate access to Okeechobee Road and the Palmetto Expressway is available. The building size is approximately 5,200 square feet, including approximately 2,698 square feet in Warehouse 1 and approximately 2,361 square feet in Warehouse 2. The lot size is approximately 10,200 square feet, or approximately 0.23 acres. The clear height is approximately 15 feet. Hialeah Gardens remains one of the region's most resilient commercial markets, with demand for flex and owner-user product continuing to outpace supply.
Key Highlights
- Located in a strong industrial corridor in Hialeah Gardens with high demand.
- Outside the Wellfield Protection Area, allowing for broader industrial uses.
- Immediate access to Okeechobee Road and the Palmetto Expressway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,652
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,233,040
$2.2M
Cap Rate 7%
$1,595,029
$1.6M
Cap Rate 9%
$1,240,578
$1.2M
Market Conditions
NOI Build-Up for 5,076 SF
Gross rent
$182.7K $36.00/SF
− Vacancy
−$11.0K −$2.16/SF
EGI
$171.8K $33.84/SF
− OpEx
−$60.1K −$11.84/SF
NOI
$111.7K $22.00/SF
Area
Miami-Dade County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,233,040
Cap Rate 7%
$1,595,029
Cap Rate 9%
$1,240,578
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,652 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$782.8K
$685.0K – $913.3K
NOI $54,799 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$2.58M
$2.25M – $3.00M
NOI $180,269 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Palate Cuisine — 12484 NW South River Dr, Medley, FL 33178
- A Matter of Taste Catering & Event Planning — 10620 NW 123rd Street Rd #106, Medley, FL 33178
- LIsber Catering — W Okeechobee Rd, Hialeah, FL 33018
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space in a resilient commercial market.
Where is this flex space located?
The property is located at 8085 NW 98th St Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Located in a strong industrial corridor in Hialeah Gardens with high demand.; Outside the Wellfield Protection Area, allowing for broader industrial uses.; Immediate access to Okeechobee Road and the Palmetto Expressway.
