Mezzanine
For Sale
$450,000
C-5-10770 Nw 138th St, Hialeah Gardens, FL 33018
Light industrial zoning supports warehouse use with an office component.
Property Size1,146 SF
Price / SF$392.67
Days on Market99
Property Features for C-5-10770 Nw 138th St
General Information
Standard status
Active
Size
1,146 SF
Total Parking Spaces
3
Zoning
Light Industrial
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$4,121
Building Details
Building Size
1,146 SF
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Lourdes De Sousa · License #3151944
(786) 395-7176
Source:
Exprealty
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 3 at 2:26PM
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 Miami New Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property in Hialeah Gardens totals 1,146 square feet, including a second-floor mezzanine. The warehouse area has 19-foot ceilings and a street-level door. A small office and one handicap-accessible restroom are included, along with three assigned parking spaces.
The property is near I-75, Okeechobee Road, the Turnpike, and the Palmetto Expressway, with Home Depot within walking distance. Light industrial zoning applies. Mechanics, vehicle storage, and granite or stone work are prohibited.
The property is near I-75, Okeechobee Road, the Turnpike, and the Palmetto Expressway, with Home Depot within walking distance. Light industrial zoning applies. Mechanics, vehicle storage, and granite or stone work are prohibited.
Key Highlights
- 1,146 square feet total, including a second‑floor mezzanine
- 19‑foot ceiling height in the warehouse area
- One street‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,023
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,460
$300.5K
Cap Rate 7%
$214,614
$214.6K
Cap Rate 9%
$166,922
$166.9K
Market Conditions
NOI Build-Up for 1,146 SF
Gross rent
$18.7K $16.32/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$17.7K $15.42/SF
− OpEx
−$2.7K −$2.31/SF
NOI
$15.0K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,460
Cap Rate 7%
$214,614
Cap Rate 9%
$166,922
Alternative Uses
Best Use
Warehouse
$214.6K
$187.8K – $250.4K
NOI $15,023 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.4K
$508.7K – $678.3K
NOI $40,699 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
832
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 Industrial in South region
Similar Off Market Nearby
- Life Storage - North Miami — 640 NW 133rd St, North Miami, FL 33168
- Public Storage — 250 NE 135th St, Miami, FL 33161, United States
- Self Storage — 13804 NW 7th Ave, Miami, FL 33168
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial zoning supports warehouse use with an office component.
Where is this warehouse located?
The property is located at C-5-10770 Nw 138th St Hialeah Gardens, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,146 square feet total, including a second‑floor mezzanine; 19‑foot ceiling height in the warehouse area; One street‑level door
