Leased Retail
New
For Sale
$585,000
114 Hialeah Dr Unit 114, Hialeah, FL 33010
An existing beauty salon tenancy transfers with the real estate; the salon business is excluded.
Property Size1,499 SF
Price / SF$390.26
Days on Market5
Property Features for 114 Hialeah Dr Unit 114
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Building Details
Building Size
1,499 SF
Year Built
1960
Tenancy
Single
Listing Agency:
EXP Realty LLC
Listed By:
Claudia Lopez · License #3317879
(786) 413-8990
Source:
Vanessafrankmiami
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 3:41PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 1,499-square-foot retail storefront at 114 Hialeah Dr is occupied by a beauty salon under a recently renewed 3-year lease. The sale includes the real estate and assignment of the tenant’s lease; the salon business is not part of the transaction. The building dates to 1960.
The property is in Hialeah, near Miami International Airport, Miami Springs, Okeechobee Road, and LeJeune Road. Access to the Airport Expressway (SR-112) provides connections to destinations across Miami-Dade.
The property is in Hialeah, near Miami International Airport, Miami Springs, Okeechobee Road, and LeJeune Road. Access to the Airport Expressway (SR-112) provides connections to destinations across Miami-Dade.
Key Highlights
- 1,499 SF retail storefront
- Occupied by a beauty salon with a recently renewed 3‑year lease
- Sale includes the real estate and assignment of the existing tenant lease; salon business excluded
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
Single-tenant
Tenancy
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
Similar Off Market Nearby
- Cattleya Floral Design, LLC — 667 SE 8th Pl, Hialeah, FL 33010
- Poinciana Flowers and Events — 65 Curtiss Pkwy, Miami Springs, FL 33166
- 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 - An existing beauty salon tenancy transfers with the real estate; the salon business is excluded.
Where is this storefront property located?
The property is located at 114 Hialeah Dr Unit 114 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: 1,499 SF retail storefront; Occupied by a beauty salon with a recently renewed 3‑year lease; Sale includes the real estate and assignment of the existing tenant lease; salon business excluded
