Corner Shopping
For Sale
$5,000,000
1992 E 4th Ave, Hialeah, FL 33010
B-1-zoned retail plaza with refreshed exterior finishes, storefront parking, and an additional rear parking area.
Property Size11,290 SF
Lot Size0.62 Acres
Price / SF$442.87
Days on Market212
Property Features for 1992 E 4th Ave
General Information
Standard status
Active
Size
11,290 SF
Lot size
0.62 Acres
Property subtype
Retail
Zoning
B-1
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$23,760
Building Details
Building Size
11,290 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Roger Schaeffler · License #3192647
(786) 597-7460
Source:
Vanessafrankmiami
Added: Mar 16
Changed: Oct 13
Last Checked: Oct 13 at 3:06AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This shopping center provides 11,290 square feet of leasable space on an oversized 27,000-square-foot corner lot. The property has a new roof, new paint, storefront parking, and additional parking at the rear. B-1 zoning supports its established retail setting, and the site also includes a 3/2 single-family residence at 366 E 20 St., Hialeah, FL 33010.
The plaza fronts E 4 Ave, a main arterial, and sits blocks from State Rd. 934. Hialeah Casino is within walking distance. The property is located at 1992 E 4th Ave, Hialeah, FL 33010, and the 40-year inspection has already passed.
The plaza fronts E 4 Ave, a main arterial, and sits blocks from State Rd. 934. Hialeah Casino is within walking distance. The property is located at 1992 E 4th Ave, Hialeah, FL 33010, and the 40-year inspection has already passed.
Key Highlights
- 11,290 SF of leasable shopping center space
- 27,000 SF oversized corner lot
- B‑1 zoning with retail plaza improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,311
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,926,220
$3.9M
Cap Rate 7%
$2,804,443
$2.8M
Cap Rate 9%
$2,181,233
$2.2M
Market Conditions
NOI Build-Up for 11,290 SF
Gross rent
$304.8K $27.00/SF
− Vacancy
−$24.4K −$2.16/SF
EGI
$280.4K $24.84/SF
− OpEx
−$84.1K −$7.45/SF
NOI
$196.3K $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 Rate 5%
$3,926,220
Cap Rate 7%
$2,804,443
Cap Rate 9%
$2,181,233
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.27M
NOI $196,311 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $311,062 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
33k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
Shell
Shops & Services
11,931 visits/mo
0.3 miles
Chevron
Shops & Services
11,155 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
4,561 visits/mo
0.4 miles
Pizza Hut
Dining
3,402 visits/mo
0.1 miles
SUBWAY
Dining
2,382 visits/mo
0.2 miles
Demographics for 33010, FL
43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - B-1-zoned retail plaza with refreshed exterior finishes, storefront parking, and an additional rear parking area.
Where is this shopping center located?
The property is located at 1992 E 4th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 11,290 SF of leasable shopping center space; 27,000 SF oversized corner lot; B‑1 zoning with retail plaza improvements
