Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    662 E 21St St Hialeah, FL 33013

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $785,000

    Triplex in East Hialeah with three units and large backyard.

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Diana Lazo
    Source: Elliman

    Listing Agent: Diana Lazo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    East Hialeah Investment Opportunity

    This property presents an investment opportunity in East Hialeah, featuring a triplex with three units: a 3-bedroom, 2-bathroom unit, a 2-bedroom, 1-bathroom unit, and an efficiency. The property has no HOA and no limitations. It is currently tenant-occupied. Ample parking space is available, and the property is pet-friendly. The property includes a large backyard. The location provides proximity to schools, parks, a local hospital, restaurants, and shopping centers. New developments are opening up nearby, indicating growth potential in the area. This property is intended for investment purposes to generate residual income.
    Location Intelligence

    Current Use by Public Records

    TheChampiot.Com Exercise Equipment Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.26871
    Latitude
    25.840952

    Nearby Similar for Sale

    • $1,250,000

      Luxury Furniture Manufacturer in Hialeah

      Premier furniture manufacturer specializing in custom hospitality furnishings. Turnkey operation.
      705 E 10Th Ave, Hialeah, FL 33010
      View Details
    • $4,200,000

      Hialeah Retail Investment Opportunity

      Well-maintained retail building with established business and additional tenants.
      17851 NW 78Th Ave, Hialeah, FL 33015
      View Details
    • $300,000

      Wholesale Kitchen Equipment Business Opportunity

      Turnkey wholesale kitchen equipment business in Miami Gardens, vast inventory.
      5395 NW 165Th St, Hialeah, FL 33014
      View Details
    • $890,000
      Pending

      Hialeah Fourplex Investment Opportunity

      Well-maintained Hialeah fourplex with strong rental income potential.
      Hialeah, FL 33010
      View Details
    • $80,000

      Established Restaurant Business in Hialeah

      Turnkey Latin restaurant with high traffic location and proven sales.
      153 W 21St St, Hialeah, FL 33010
      View Details
    • New
      $124,900

      Hialeah Retail Opportunity Near I-75

      Retail opportunity in Hialeah, located in Sedano's Plaza.
      18600 NW 87Th Ave, Hialeah, FL 33015
      View Details
    • $2,396,000
      0.17 Acres

      Hialeah Land Investment Opportunity

      Commercial land in Hialeah, ideal for retail or redevelopment.
      430 E 9Th St, Hialeah, FL 33010
      View Details
    • New
      $124,900

      Established Dollar Store Opportunity

      Profitable 15-year-old variety store in Hialeah's Sedano's Plaza.
      Hialeah, FL 33015
      View Details
    • $400,000

      Hialeah Restaurant Business Opportunity

      Turnkey restaurant in high-traffic Hialeah plaza, fully equipped and operating.
      Turn-Key Restaurant For Sale High Traffic Hialeah Plz, Hialeah, FL 33010
      View Details
    • $150,000

      Hialeah, FL Home Interior Business

      Home interior business opportunity in Hialeah, specializing in remodeling.
      1501 E 4Th Ave, Hialeah, FL 33010
      View Details
    • Contact for pricing

      Hialeah Office with Utilities Included

      Hialeah office space with bathrooms, showers, and included utilities.
      900 W 49Th St, Hialeah, FL 33012
      View Details
    • $1,400,000
      0.32 Acres

      Hialeah Multifamily Development Opportunity

      Approved plans for four units on a corner lot.
      10 W 53Rd Ter, Hialeah, FL 33012
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex in East Hialeah with three units and large backyard.
    Where is this triplex located?
    The property is located at 662 E 21St St Hialeah, FL.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: - Three Units: Includes a 3/2, 2/1, and efficiency unit, providing multiple income streams; - No HOA, No Limitations: Offers flexibility and avoids extra fees and restrictions; - Tenant-Occupied: Generates immediate residual income with existing tenants
    (305) 720-9131
    Request Owner's contact information
    662 E 21St St Hialeah, FL 33013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    662 E 21St St
    Hialeah, FL 33013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    662 E 21St St Hialeah, FL 33013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diana Lazo
    (305) 720-9131
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.