Prime Retail Corner
For Sale
Contact for pricing
3690-3692 E 4th Ave, Hialeah, FL
Retail property on a major commercial corridor with high traffic.
Property Size3,172 SF
Lot Size0.20 Acres
Price / SF$472.89
Days on Market807
Property Features for 3690-3692 E 4th Ave
General Information
Standard status
Active
Size
3,172 SF
Lot size
0.20 Acres
Property subtype
RETAIL
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Moises Figueroa · License #3558420
(786) 302-3697
Source:
Moodyscre
Added: Jul 29, 2024
Changed: Oct 10
Last Checked: Oct 12 at 10:38PM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This property is situated on the corner of a major north/south commercial corridor, offering a prime location for retail use. It presents a value-add opportunity for investors or owner/users. Located in a C-1 zoned area, the property allows for various uses. The location benefits from an average daily traffic count of approximately 35,000 vehicles. The property offers potential for a mixed-use assemblage. The building size is 3,172 square feet. The property offers potential for future growth and success.
Key Highlights
- Prime corner location on a major commercial corridor.
- C‑1 zoning allows for various uses.
- High average daily traffic count (approximately 35,000).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,155
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,100
$1.1M
Cap Rate 7%
$787,929
$787.9K
Cap Rate 9%
$612,833
$612.8K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$85.6K $27.00/SF
− Vacancy
−$6.9K −$2.16/SF
EGI
$78.8K $24.84/SF
− OpEx
−$23.6K −$7.45/SF
NOI
$55.2K $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%
$1,103,100
Cap Rate 7%
$787,929
Cap Rate 9%
$612,833
Alternative Uses
Best Use
Retail
$787.9K
$689.4K – $919.3K
NOI $55,155 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,395 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 90%
Shops & Services 10%
Publix
Groceries
54,199 visits/mo
0.4 miles
Sedano's
Groceries
27,318 visits/mo
0.4 miles
Sedano's
Groceries
19,094 visits/mo
0.2 miles
Chevron
Shops & Services
10,787 visits/mo
0.5 miles
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property on a major commercial corridor with high traffic.
Where is this retail space located?
The property is located at 3690-3692 E 4th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime corner location on a major commercial corridor.; C‑1 zoning allows for various uses.; High average daily traffic count (approximately 35,000).
