Corner Shopping Center with B-1
For Sale
$5,000,000
1992 E 4th Ave, Hialeah, FL 33010
Commercial Sale, Hialeah, FL
Property Size11,290 SF
Lot Size0.62 Acres
Price / SF$442.87
Days on Market65
Property Features for 1992 E 4th Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
6300
Parking
40
Subdivision
31
Standard status
Active
APN
04-31-07-018-1570
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
7-18 53 41 HIALEAH 3RD ADD PB 7-86 LOTS 1 THRU 4 BLK 118 LOT SIZE 200.00 X 135 OR 22449-4783 062004 1
Tax Annual Amount
23760
Legal Description
7-18 53 41 HIALEAH 3RD ADD PB 7-86 LOTS 1 THRU 4 BLK 118 LOT SIZE 200.00 X 135 OR 22449-4783 062004 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Electric (Heating)
Cooling system
Exhaust Fan (Cooling), Central Air
Water source
Public
Building Details
Year built
1950
Building materials
Block
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Roger Schaeffler · License #3192647
(786) 597-7460
Added: Jun 30
Changed: Aug 26
Last Checked: Sep 2 at 5:06AM
MLS# A11983368
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block-built shopping center provides 11,290 square feet of leasable space on a 27,000-square-foot corner parcel. The property is zoned B-1 and includes parking along the storefront as well as additional parking behind the building. A new roof and new paint are in place, and the 40-year inspection has been passed. The site also includes a 3/2 single-family residence at 366 E 20 St., Hialeah, FL 33010.
The center fronts E 4 Ave in Hialeah, with State Rd. 934 located a few blocks away. Hialeah Casino is within walking distance. Public water and public sewer serve the property, while cooling includes central air and exhaust fans. The building was constructed in 1950.
The center fronts E 4 Ave in Hialeah, with State Rd. 934 located a few blocks away. Hialeah Casino is within walking distance. Public water and public sewer serve the property, while cooling includes central air and exhaust fans. The building was constructed in 1950.
Key Highlights
- 11,290 square feet of leasable shopping center space
- 27,000‑square‑foot corner lot on E 4 Ave
- B‑1 zoning with storefront and rear parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$196,311
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,926,220
$3.9M
Cap Rate 7%
$2,804,443
$2.8M
Cap Rate 9%
$2,181,233
$2.2M
Market Conditions
NOI Build-Up for 11,290 SF
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.
Gross rent
$304.8K $27.00/SF
− Vacancy
−$24.4K −$2.16/SF
EGI
$280.4K $24.84/SF
− OpEx
−$84.1K −$7.45/SF
NOI
$196.3K $17.39/SF
Area
Hialeah, FL
Vacancy
8.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,926,220
Cap Rate 7%
$2,804,443
Cap Rate 9%
$2,181,233
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.27M
NOI $196,311 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $311,062 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
33k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
Shell
Shops & Services
11,931 visits/mo
0.3 miles
Chevron
Shops & Services
11,155 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
4,561 visits/mo
0.4 miles
Pizza Hut
Dining
3,402 visits/mo
0.1 miles
SUBWAY
Dining
2,382 visits/mo
0.2 miles
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - B-1-zoned center with front and rear parking, a new roof, and new paint.
Where is this shopping center located?
The property is located at 1992 E 4th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 11,290 square feet of leasable shopping center space; 27,000‑square‑foot corner lot on E 4 Ave; B‑1 zoning with storefront and rear parking
