Automotive Storefront with Existing
For Sale
$495,000
4190 E 4th Ave, Hialeah, FL 33013
For sale as-is with an in-place lease offering about four years of remaining term and immediate income continuity.
Property Size1,000 SF
Price / SF$495
Days on Market66
Property Features for 4190 E 4th Ave
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1953
Listing Agency:
LG Luxury Realty LLC
Listed By:
Ligia Lugo · License #3355598
(305) 588-6651
Source:
Mymiahomes
Added: Jul 2
Changed: Aug 24
Last Checked: Sep 4 at 8:19AM
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 LG Luxury Realty LLC
Investment Insights
Based on property information with market context.
This for-sale automotive storefront includes the real property together with an existing lease in place, with approximately four (4) years remaining. The structure is offered at approximately 1,000 SF per public records, situated on a lot of approximately 2,500 SF per public records.
The sale is being conducted AS-IS with the right to inspect. Any business operations, licenses, equipment, inventory, or goodwill, if any, are not included and would be addressed and negotiated separately.
The seller makes no representations or warranties beyond those expressly stated in the remarks. Buyer is solely responsible for completing all due diligence, including verification of lease terms, zoning and permitted uses, square footage, property condition, and intended occupancy.
The sale is being conducted AS-IS with the right to inspect. Any business operations, licenses, equipment, inventory, or goodwill, if any, are not included and would be addressed and negotiated separately.
The seller makes no representations or warranties beyond those expressly stated in the remarks. Buyer is solely responsible for completing all due diligence, including verification of lease terms, zoning and permitted uses, square footage, property condition, and intended occupancy.
Key Highlights
- Sale includes the real property plus an existing lease with approximately four years remaining for immediate income and continuity.
- Approximately 1,000 SF building size per public records.
- Approximately 2,500 SF lot size per public records.
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
$17,388
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
3.51%
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%
$347,760
$347.8K
Cap Rate 7%
$248,400
$248.4K
Cap Rate 9%
$193,200
$193.2K
Market Conditions
NOI Build-Up for 1,000 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
$27.0K $27.00/SF
− Vacancy
−$2.2K −$2.16/SF
EGI
$24.8K $24.84/SF
− OpEx
−$7.5K −$7.45/SF
NOI
$17.4K $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%
$347,760
Cap Rate 7%
$248,400
Cap Rate 9%
$193,200
Alternative Uses
Best Use
Retail
$248.4K
$217.4K – $289.8K
NOI $17,388 @ 7.0% cap · market cap 3.51%
Second Best
Industrial
$162.2K
$141.9K – $189.2K
NOI $11,351 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,552 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 64%
Shops & Services 36%
Sedano's
Groceries
19,094 visits/mo
0.2 miles
Chevron
Shops & Services
10,787 visits/mo
0.5 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
- Palm Avenue Tire Corporation — 3230 Palm Ave, Hialeah, FL 33012
- Guantanamo Corporation — 3195 E 4th Ave, Hialeah, FL 33013
- Camejo's Auto Sales — 3197 E 4th Ave, Hialeah, FL 33013
- Enrique Tires — 3375 E 4th Ave, Hialeah, FL 33013
- Auto ElectroniComp Services Inc — 564 e 32nd st, hialeah, fl 33013
Frequently Asked Questions
What type of property is this?
Auto shop - For sale as-is with an in-place lease offering about four years of remaining term and immediate income continuity.
Where is this auto shop located?
The property is located at 4190 E 4th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Sale includes the real property plus an existing lease with approximately four years remaining for immediate income and continuity.; Approximately 1,000 SF building size per public records.; Approximately 2,500 SF lot size per public records.
