Hialeah Automotive Property For
For Sale
$3,500,000
4010 E 8th Ave, Hialeah, FL 33013
13,076 Sq.Ft corner dealer property in Hialeah, Florida.
Property Size4,014 SF
Lot Size0.30 Acres
Price / SF$267.67
Days on Market157
Property Features for 4010 E 8th Ave
General Information
Standard status
Active
Size
4,014 SF
Lot size
0.30 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,202
Building Details
Building Size
4,014 SF
Year Built
1959
Listing Agency:
ABL Commercial Realty, LLC.
(305) 647-8805
Listed By:
Alberto Barrera · License #3375540
(305) 647-8805
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 6 at 10:47AM
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 ABL Commercial Realty, LLC.
Investment Insights
Based on property information with market context.
This 13,076 square foot corner property is located in Hialeah. It is suitable for automotive general mechanical purposes and can store up to 56 cars. The property is secured with a gated perimeter. The building includes an office and a conference room overlooking the car showroom. This is a double unit featuring two overhead hurricane-rated garage doors. Interior features include ceramic tile floors, a kitchen, LED lighting, and three bathrooms. The property also includes three car lifts. The sale includes two dealer licenses and one license for general mechanical work.
Key Highlights
- 13,076 Sq.Ft Corner Dealer Property‑Automotive General Mechanical in Hialeah
- Includes Two Dealer Licenses and One General Mechanical License
- Capacity to Store up to 56 Cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$227,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,547,300
$4.5M
Cap Rate 7%
$3,248,071
$3.2M
Cap Rate 9%
$2,526,278
$2.5M
Market Conditions
NOI Build-Up for 13,076 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$353.1K $27.00/SF
− Vacancy
−$28.2K −$2.16/SF
EGI
$324.8K $24.84/SF
− OpEx
−$97.4K −$7.45/SF
NOI
$227.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,547,300
Cap Rate 7%
$3,248,071
Cap Rate 9%
$2,526,278
Alternative Uses
Best Use
Retail
$3.25M
$2.84M – $3.79M
NOI $227,365 @ 7.0% cap · market cap 6.50%
Second Best
Industrial
$2.12M
$1.86M – $2.47M
NOI $148,430 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$5.15M
$4.50M – $6.00M
NOI $360,270 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
723
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
City Electric Supply
Home Improvements & Furnishings
723 visits/mo
0.3 miles
Demographics for 33013, FL
31,068
Population
9,544
Households
3.3
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
3.8 sq mi
ZIP Area
8,176
Density / Sq Mi
$57,242
Median Household Income
$32,566
Median Earnings
$1,488
Median Rent
$407,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Aristides airbags carro — 1027 E 29th St, Hialeah, FL 33013
- Advanced Body & Frame — 3041 E 10th Ave, Hialeah, FL 33013
- pinarenos body shop — 1040 E 29th St, Hialeah, FL 33013
- S.O.S Auto Glass — 634 e 30th st, hialeah, fl 33013
- Casa amigo tío cambio de aceite — 498 E 31st St, Hialeah, FL 33013
Frequently Asked Questions
What type of property is this?
Auto shop - 13,076 Sq.Ft corner dealer property in Hialeah, Florida.
Where is this auto shop located?
The property is located at 4010 E 8th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 13,076 Sq.Ft Corner Dealer Property‑Automotive General Mechanical in Hialeah; Includes Two Dealer Licenses and One General Mechanical License; Capacity to Store up to 56 Cars
