Retail Storefront
For Sale
$360,000
Pending
3960 W 16th Ave Unit 201, Hialeah, FL 33012
Unit 201 includes three parking spaces for customer and staff convenience.
Property Size1,749 SF
Days on Market2413
Property Features for 3960 W 16th Ave Unit 201
General Information
Standard status
Pending
Size
1,749 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,440
Amenities
3
3 Parking Spaces.
Building Details
Year Built
1980
Listing Agency:
Trexy International Realty, Inc
(305) 603-9995
Listed By:
Laura Castillo
(305) 812-2671
Source:
Xome
Added: Jan 25, 2020
Changed: Aug 30
Last Checked: Aug 30 at 6:04PM
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 Trexy International Realty, Inc
Investment Insights
Based on property information with market context.
Unit 201 at 3960 W 16th Ave is a retail storefront property in Hialeah, Florida. The space was built in 1980 and includes three parking spaces.
The property is located on West 16th Avenue within the 33012 ZIP code, providing a defined storefront setting for retail occupancy.
The property is located on West 16th Avenue within the 33012 ZIP code, providing a defined storefront setting for retail occupancy.
Key Highlights
- Retail storefront at 3960 W 16th Ave Unit 201
- Three parking spaces included
- Built in 1980
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
$30,412
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
8.45%
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%
$608,240
$608.2K
Cap Rate 7%
$434,457
$434.5K
Cap Rate 9%
$337,911
$337.9K
Market Conditions
NOI Build-Up for 1,749 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
$47.2K $27.00/SF
− Vacancy
−$3.8K −$2.16/SF
EGI
$43.4K $24.84/SF
− OpEx
−$13.0K −$7.45/SF
NOI
$30.4K $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%
$608,240
Cap Rate 7%
$434,457
Cap Rate 9%
$337,911
Alternative Uses
Best Use
Retail
$434.5K
$380.2K – $506.9K
NOI $30,412 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$688.4K
$602.4K – $803.1K
NOI $48,188 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,175
Businesses Nearby
451k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 24%
Shops & Services 19%
Dining 19%
Apparel 13%
Target
Superstores
108,325 visits/mo
0.3 miles
Best Buy
Electronics
46,141 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
39,666 visits/mo
0.3 miles
McDonald's
Dining
35,894 visits/mo
0.5 miles
Burlington
Apparel
35,519 visits/mo
0.5 miles
Demographics for 33012, FL
70,260
Population
25,923
Households
2.7
Avg Household Size
48
Median Age
18%
College-Educated
72%
High-School Grad
5.9 sq mi
ZIP Area
11,908
Density / Sq Mi
$45,818
Median Household Income
$32,039
Median Earnings
$1,562
Median Rent
$355,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Unit 201 includes three parking spaces for customer and staff convenience.
Where is this storefront property located?
The property is located at 3960 W 16th Ave Unit 201 Hialeah, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Retail storefront at 3960 W 16th Ave Unit 201; Three parking spaces included; Built in 1980
