Corner Flex Space
New
For Sale
$495,000
9180 NW 119th St #10, Hialeah Gardens, FL 33018
A mix of office and warehouse area supports administrative work alongside storage or light manufacturing.
Property Size1,800 SF
Price / SF$275
Days on Market3
Property Features for 9180 NW 119th St #10
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
6600
Additional Details
Floor
Street Level
Highway Access
Yes
Office Units
1
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$4,960
Building Details
Building Size
1,800 SF
Year Built
2002
Listing Agency:
ComReal Miami - Doral, LLC.
Listed By:
Patricia Quintana · License #0480499
(305) 815-3376
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:43PM
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 ComReal Miami - Doral, LLC.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot flex condo was built in 2002 and is configured with approximately 70% office area and 30% warehouse space. The office portion can be removed to increase the warehouse area. The unit is at street level and occupies a corner position, with 9 parking spaces.
At 9180 NW 119th St #10 in Hialeah Gardens, the property offers access to I-75 and the Palmetto Expressway. Miami International Airport and the Port of Miami are also described as nearby. The office and warehouse components provide distinct areas for administrative functions and storage, light manufacturing, or distribution.
At 9180 NW 119th St #10 in Hialeah Gardens, the property offers access to I-75 and the Palmetto Expressway. Miami International Airport and the Port of Miami are also described as nearby. The office and warehouse components provide distinct areas for administrative functions and storage, light manufacturing, or distribution.
Key Highlights
- 1,800 square feet, with approximately 70% office and 30% warehouse area
- Office buildout can be removed to expand warehouse space
- Street‑level corner unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,593
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,860
$791.9K
Cap Rate 7%
$565,614
$565.6K
Cap Rate 9%
$439,922
$439.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$64.8K $36.00/SF
− Vacancy
−$3.9K −$2.16/SF
EGI
$60.9K $33.84/SF
− OpEx
−$21.3K −$11.84/SF
NOI
$39.6K $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%
$791,860
Cap Rate 7%
$565,614
Cap Rate 9%
$439,922
Alternative Uses
Best Use
Office B
$681.6K
$596.4K – $795.2K
NOI $47,709 @ 7.0% cap · market cap 9.64%
Second Best
Flex RnD
$565.6K
$494.9K – $659.9K
NOI $39,593 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$913.2K
$799.1K – $1.07M
NOI $63,925 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33018, FL
54,273
Population
17,871
Households
3
Avg Household Size
41
Median Age
29%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,931
Density / Sq Mi
$90,805
Median Household Income
$42,911
Median Earnings
$2,066
Median Rent
$436,300
Median Home Value
Market
Vacancy Rate% for Office in South region
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- Senorita Party Rental — 3408 W 84th St, Hialeah, FL 33018
- Senorita Paella — 3408 W 84th St, Hialeah, FL 33018
Frequently Asked Questions
What type of property is this?
Flex space - A mix of office and warehouse area supports administrative work alongside storage or light manufacturing.
Where is this flex space located?
The property is located at 9180 NW 119th St #10 Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,800 square feet, with approximately 70% office and 30% warehouse area; Office buildout can be removed to expand warehouse space; Street‑level corner unit
