Automotive Property with Existing
For Sale
$2,300,000
2045 4th Ave, Hialeah, FL 33010
Dealership and tire-service operations occupy the existing commercial improvements.
Property Size4,695 SF
Lot Size0.42 Acres
Price / SF$489.88
Days on Market12
Property Features for 2045 4th Ave
General Information
Standard status
Active
Size
4,695 SF
Lot size
0.42 Acres
Property subtype
General Commercial
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$13,096
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Charles Rutenberg Realty Fort
(305) 619-2173
Listed By:
Wendy Sanchez · License #3442295
(305) 619-2173
Source:
Xome
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 5:47AM
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 Charles Rutenberg Realty Fort
Investment Insights
Based on property information with market context.
Located at 2045 4th Ave in Hialeah, this automotive-oriented property combines two adjoining parcels with an existing commercial building. The site contains 18,300 square feet of land, while the improvements total 4,695 square feet. Current operations include a car dealership and a tire store, giving the property an established automotive use profile.
The building dates to 1946 and occupies a 33010 address within Hialeah. Parcel identification numbers are 04-3108-007-0580 and 04-3108-007-0420. The offering provides a single assembled property with existing automotive improvements and land area suited to its present commercial operations.
The building dates to 1946 and occupies a 33010 address within Hialeah. Parcel identification numbers are 04-3108-007-0580 and 04-3108-007-0420. The offering provides a single assembled property with existing automotive improvements and land area suited to its present commercial operations.
Key Highlights
- 18,300 square feet of land across two adjoining parcels
- 4,695‑square‑foot existing building
- Current car dealership and tire store operations
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
$81,637
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
3.55%
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%
$1,632,740
$1.6M
Cap Rate 7%
$1,166,243
$1.2M
Cap Rate 9%
$907,078
$907.1K
Market Conditions
NOI Build-Up for 4,695 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
$126.8K $27.00/SF
− Vacancy
−$10.1K −$2.16/SF
EGI
$116.6K $24.84/SF
− OpEx
−$35.0K −$7.45/SF
NOI
$81.6K $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%
$1,632,740
Cap Rate 7%
$1,166,243
Cap Rate 9%
$907,078
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,637 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$761.4K
$666.2K – $888.3K
NOI $53,295 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,357 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
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
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Frequently Asked Questions
What type of property is this?
Automotive property - Dealership and tire-service operations occupy the existing commercial improvements.
Where is this automotive property located?
The property is located at 2045 4th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 18,300 square feet of land across two adjoining parcels; 4,695‑square‑foot existing building; Current car dealership and tire store operations
