Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    449 E Okeechobee Rd Hialeah, FL 33010

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,700,000

    Commercial property on busy Okeechobee Road in Hialeah, Florida.

    Lot size:
    0.31 Acres

    Property Features for 449 E Okeechobee Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Antonio Cristobal
    Antonio Cristobal
    Source: Elliman

    Listing Agency: Real Estate Sales Force Listing Agent: Antonio Cristobal

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

    Learn more

    Overview

    Commercial Property on Okeechobee Road

    This commercial property is located on Okeechobee Road. The 13,500 square foot lot offers visibility and traffic. The property is currently leased to a tire shop, with the lease ending next year. This provides rental income in the short term and flexibility for an owner-user or redevelopment afterward. Located in the heart of Hialeah with versatile zoning, it’s a fit for both investors and business owners. The property is suitable for auto shops, automotive properties, retail properties and spaces, and general commercial real estate.
    Location Intelligence

    Current Use by Public Records

    Let’s beat the heat ... Interior Design AJ's Tire Center, ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Similar Places Nearby

    Miami Tuning, Let’s beat the heat Window Tinting, AJ's Tire Center, Inc., Miami Springs Mobile Windshield Replacement Co., M Tec Auto Center Corporation

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.271708
    Latitude
    25.816645

    Nearby Similar for Sale

    • $475,000
      1,328 SF

      Hialeah Commercial Industrial Condo

      1,328 sq ft commercial condo with office and warehouse functionality.
      6187 NW 167Th St, Hialeah, FL 33015
      View Details
    • $375,000
      1,526 SF

      Hialeah Warehouse with Spacious Office

      Warehouse with two-story office space in a convenient Hialeah location.
      1751 W 38Th Pl, Hialeah, FL 33012
      View Details
    • $550,000
      Pending

      Hialeah Flex Warehouse with Office

      Flex warehouse with two-story office space in excellent condition.
      3901 W 18Th Ave, Hialeah, FL 33012
      View Details
    • $350,000
      2,900 SF

      Hialeah Restaurant Business Opportunity

      Turn-key restaurant with liquor license in prime Hialeah location.
      Chicken Grill Restaurant Opportunity In Prime Hialeah Location, Hialeah, FL 33012
      View Details
    • New
      $120,000

      Hialeah Beauty Salon Opportunity

      Miami-area beauty salon for sale with below-market rent.
      16774 NW 67Th Ave, Hialeah, FL 33015
      View Details
    • $299,000
      4,620 SF

      Hialeah Restaurant Business Opportunity

      Turnkey restaurant in high-traffic plaza, Hialeah. Fully equipped.
      Turn-Key Restaurant For Sale High Traffic Hialeah Plz, Hialeah, FL 33010
      View Details
    • $4,500,000
      2.20 Acres

      Hialeah Commercial Opportunity

      Commercial property in Hialeah, Florida with high potential.
      15550 NW 122Nd Ave, Hialeah, FL 33018
      View Details
    • New
      Contact for pricing
      Pending

      Medical Office Ready For Use

      Medical office space available in Hialeah, Florida.
      900 W 49Th St, Hialeah, FL 33012
      View Details
    • $110,000
      1,000 SF

      Established Beauty Salon Business Opportunity

      Turnkey beauty salon for sale in Miami Lakes.
      18505 NW 75Th Pl, Hialeah, FL 33015
      View Details
    • Contact for pricing

      Hialeah Office Space Available

      Office space for rent in Hialeah, Florida.
      900 W 49Th St, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Hialeah Office For Sale

      Office space available in Hialeah, Florida.
      900 W 49Th St, Hialeah, FL 33012
      View Details
    • $30,000

      Hialeah Barbershop Business Opportunity

      First-floor barbershop with 5 chairs, waiting area, and drink station.
      2300 W 84Th St, Hialeah, FL 33016
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property on busy Okeechobee Road in Hialeah, Florida.
    Where is this auto shop located?
    The property is located at 449 E Okeechobee Rd Hialeah, FL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - High-visibility 13,500 sq. ft. lot on busy Okeechobee Road.; - Versatile zoning suitable for investors and business owners.; - Located in the heart of Hialeah.
    (786) 457-3211
    Request Owner's contact information
    449 E Okeechobee Rd Hialeah, FL 33010
    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.
    449 E Okeechobee Rd
    Hialeah, FL 33010
    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
    449 E Okeechobee Rd Hialeah, FL 33010
    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
    Antonio Cristobal
    Antonio Cristobal
    Real Estate License ID: 3253230
    (786) 457-3211 (305) 392-1497 (786) 447-1323
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!