Leased Retail
New
For Sale
$585,000
114 Hialeah Dr, Hialeah, FL 33010
Commercial Sale, Hialeah, FL
Property Size1,499 SF
Lot Size0.03 Acres
Price / SF$390.26
Days on Market1
Property Features for 114 Hialeah Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6400
Parking
14
Subdivision
31
Standard status
Active
APN
04-31-19-026-0020
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
HIALEAH SHOPPING CENTER CONDO UNIT 114 UNDIV 11.850933% INT IN COMMON ELEMENTS OFF REC 22770-3566 COC 22925-3095 11 2004 2 (3)
Legal Description
HIALEAH SHOPPING CENTER CONDO UNIT 114 UNDIV 11.850933% INT IN COMMON ELEMENTS OFF REC 22770-3566 COC 22925-3095 11 2004 2 (3)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Flooring type
Tile - Ceramic
Building materials
CBSConcreteBlockStructure, Block
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Claudia Lopez · License #3317879
(786) 413-8990
Added: Oct 13
Last Checked: Oct 13 at 11:06PM
MLS# A12105217
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 storefront property at 114 Hialeah Dr in Hialeah is occupied by a beauty salon under a recently renewed three-year lease. The transaction covers the real estate and assignment of that lease; the salon business itself is not part of the sale. The building dates to 1960 and has a concrete-block structure, ceramic tile flooring, central air conditioning, and central electric heating. The parcel comprises 0.0344 acres.
The property is in Hialeah, near Miami International Airport, Miami Springs, Okeechobee Road, and LeJeune Road. Airport Expressway (SR-112) provides access to connections serving destinations across Miami-Dade County.
The property is in Hialeah, near Miami International Airport, Miami Springs, Okeechobee Road, and LeJeune Road. Airport Expressway (SR-112) provides access to connections serving destinations across Miami-Dade County.
Key Highlights
- Beauty salon tenant under a recently renewed 3‑year lease
- Sale includes the property and assignment of the existing lease; salon business excluded
- 0.0344‑acre parcel at 114 Hialeah Dr, Hialeah, FL 33010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,065
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,300
$521.3K
Cap Rate 7%
$372,357
$372.4K
Cap Rate 9%
$289,611
$289.6K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$40.5K $27.00/SF
− Vacancy
−$3.2K −$2.16/SF
EGI
$37.2K $24.84/SF
− OpEx
−$11.2K −$7.45/SF
NOI
$26.1K $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 Rate 5%
$521,300
Cap Rate 7%
$372,357
Cap Rate 9%
$289,611
Alternative Uses
Best Use
Retail
$372.4K
$325.8K – $434.4K
NOI $26,065 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$590.0K
$516.3K – $688.3K
NOI $41,300 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
227k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 34%
Groceries 24%
Apparel 3%
Publix
Groceries
55,324 visits/mo
0.1 miles
McDonald's
Dining
29,110 visits/mo
0.4 miles
Tom Thumb Food Stores
Shops & Services
27,076 visits/mo
0.3 miles
Chase Bank
Shops & Services
20,776 visits/mo
0.3 miles
Bank of America
Shops & Services
12,775 visits/mo
0.0 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- Florist — Miami Springs, FL 33166, United States
- Roses By Lily — 40 SE 4th Ave, Hialeah, FL 33010
- Floreria — hialeah, fl 33010
Frequently Asked Questions
What type of property is this?
Storefront property - The sale includes the commercial real estate and assignment of the existing tenant lease; the salon business is excluded.
Where is this storefront property located?
The property is located at 114 Hialeah Dr Hialeah, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Beauty salon tenant under a recently renewed 3‑year lease; Sale includes the property and assignment of the existing lease; salon business excluded; 0.0344‑acre parcel at 114 Hialeah Dr, Hialeah, FL 33010
