Corner Lot Shopping
For Sale
$5,000,000
1992 E 4th Ave, Hialeah, FL 33010
SINGLE_FAMILY - Hialeah, FL
Property Size11,290 SF
Lot Size0.62 Acres
Price / SF$442.87
Days on Market130
Property Features for 1992 E 4th Ave
General Information
Property type
Residential
Property subtype
Retail
Zoning description
6300
Parking
40
Subdivision
31
Standard status
Active
APN
04-31-07-018-1570
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
7-18 53 41 HIALEAH 3RD ADD PB 7-86 LOTS 1 THRU 4 BLK 118 LOT SIZE 200.00 X 135 OR 22449-4783 062004 1
Tax Annual Amount
23760
Legal Description
7-18 53 41 HIALEAH 3RD ADD PB 7-86 LOTS 1 THRU 4 BLK 118 LOT SIZE 200.00 X 135 OR 22449-4783 062004 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Electric (Heating)
Cooling system
Exhaust Fan (Cooling), Central Air
Water source
Public
Building Details
Year built
1950
Building materials
Block
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Roger Schaeffler · License #3192647
(786) 597-7460
Added: Apr 6
Changed: Aug 8
Last Checked: Aug 13 at 6:06AM
MLS# A11983368
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot shopping center offers 11,290 square feet of leasable space on an oversized 27,000 square foot site. The property is zoned B-1 and features ample storefront parking, with additional parking provided in the rear. Recent exterior updates include a new roof and new paint, and a 40-year inspection has already passed.
The center sits on a main artery at E 4 Ave and is described as being blocks from State Rd. 934. The location is also described as within walking distance to Hialeah Casino, with lots of daily traffic. The site’s corner configuration supports strong visibility and flexible site layout, while the remaining land size offers possibilities for future development.
In addition to the retail plaza, the offering includes a 3/2 single-family home located on site at 366 E 20 St, Hialeah, FL 33010. This combination can be useful for owners or operators looking for a retail asset with a secondary residential component, and the B-1 zoning supports a range of commercial uses consistent with the property’s current retail character. Please do not disturb tenants.
The center sits on a main artery at E 4 Ave and is described as being blocks from State Rd. 934. The location is also described as within walking distance to Hialeah Casino, with lots of daily traffic. The site’s corner configuration supports strong visibility and flexible site layout, while the remaining land size offers possibilities for future development.
In addition to the retail plaza, the offering includes a 3/2 single-family home located on site at 366 E 20 St, Hialeah, FL 33010. This combination can be useful for owners or operators looking for a retail asset with a secondary residential component, and the B-1 zoning supports a range of commercial uses consistent with the property’s current retail character. Please do not disturb tenants.
Key Highlights
- Corner lot shopping center with B‑1 zoning on E 4 Ave, blocks from State Rd. 934 and near Hialeah Casino
- 11,290 sq. ft. of leasable space on a 27,000 sq. ft. corner lot with ample storefront parking plus rear parking
- Single‑family home included on site at 366 E 20 St, Hialeah, FL 33010
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
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,185 @ 7.0% cap · market cap 3.02%
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
Yes
Highway access
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 shopping center on a corner lot with new roof and paint, plus substantial parking and retail space.
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: Corner lot shopping center with B‑1 zoning on E 4 Ave, blocks from State Rd. 934 and near Hialeah Casino; 11,290 sq. ft. of leasable space on a 27,000 sq. ft. corner lot with ample storefront parking plus rear parking; Single‑family home included on site at 366 E 20 St, Hialeah, FL 33010
