Corner Shopping
New
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 Market6
Property Features for 1992 E 4th Ave
General Information
Standard status
Active
Size
11,290 SF
Lot size
0.62 Acres
Zoning
B-1
Additional Details
Corner Location
Yes
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Florida Realty of Miami Corp
(786) 597-7460
Listed By:
Roger Schaeffler · License #3192647
Source:
Chenoregroup
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 12:21PM
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 = 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
$196,311
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
3.93%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
