Fully Leased Mixed-Use
221 East 9th Street Hialeah, FL 33010
For Sale
Contact for pricing
Fully leased mixed-use property with immediate income in Hialeah.
Property Size1,936 SF
Price / SF$619.83
Days on Market79
Property Features for 221 East 9th Street
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Retail, Office
Building Details
Year Built
1971
Listing Agency:
Fausto Commercial
Listed By:
Moises Figueroa · License #3558420
Source:
Crexi
Added: May 13
Changed: Jul 10
Last Checked: Jul 29 at 4:28PM
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 Fausto Commercial
Investment Insights
Based on property information with market context.
This fully leased mixed-use property offers 100% occupancy and reliable immediate income. All tenants operate on a month-to-month basis. The property is situated on a high-traffic corridor, making it suitable for tenants and future commercial use. Located in East Hialeah, it is close to retail areas and commuter routes. This property is suitable for value-add investors seeking rental increases and developers considering small-scale commercial or mixed-use redevelopment. The property size is 1,936 square feet.
Key Highlights
- Fully leased with 100% occupancy, providing reliable immediate income.
- Located on a high‑traffic corridor, ideal for tenants and future commercial use.
- Situated in East Hialeah, close to bustling retail areas and commuter routes.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.3k | $27.00 |
| − Vacancy | −$4.2k | −$2.16 |
| EGI | $48.1k | $24.84 |
| − OpEx | −$14.4k | −$7.45 |
| NOI | $33.7k | $17.39 |
1,936 SF · lease $27.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$480.9K
$420.8K – $561.1K
NOI $33,663 @ 7.0% cap · market cap 2.81%
Second Best
Mixed Use
$377.5K
$330.3K – $440.4K
NOI $26,426 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$762.0K
$666.8K – $889.0K
NOI $53,341 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased mixed-use property with immediate income in Hialeah.
Where is this mixed-use property located?
The property is located at 221 East 9th Street Hialeah, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased with 100% occupancy, providing reliable immediate income.; Located on a high‑traffic corridor, ideal for tenants and future commercial use.; Situated in East Hialeah, close to bustling retail areas and commuter routes.
