Hialeah Retail Development
2230-2250 Palm Avenue Hialeah, FL 33010
For Sale
$1,700,000
High-traffic location near Hialeah Market Station with development potential.
Property Size3,835 SF
Price / SF$443.29
Days on Market71
Property Features for 2230-2250 Palm Avenue
General Information
Standard status
Active
Size
3,835 SF
Property subtype
Retail - Street Retail
Building Details
Year Built
1953
Listing Agency:
The Keyes Company
Listed By:
David Gonzalez
Source:
Commercialcafe
Added: May 18
Changed: Jul 10
Last Checked: Jul 27 at 10:25AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
Located on the high-traffic Palm Avenue corridor in Hialeah, near the Hialeah Market Station, this property offers proximity to the Airport East Industrial sub-market and Leah Arts District entertainment corridor. The site presents strong transit-oriented development potential. The property consists of 3,835 square feet across two buildings and is zoned C-2, offering strategic infill development opportunity with TOD/NBD/LLA potential. The property can be sold together or separately.
Key Highlights
- High‑traffic location on Palm Avenue near Hialeah Market Station
- Strong transit‑oriented development (TOD) potential
- Strategic infill development opportunity
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 | $103.5k | $27.00 |
| − Vacancy | −$8.3k | −$2.16 |
| EGI | $95.3k | $24.84 |
| − OpEx | −$28.6k | −$7.45 |
| NOI | $66.7k | $17.39 |
3,835 SF · lease $27.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$952.6K
$833.5K – $1.11M
NOI $66,683 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,662 @ 7.0% cap · market cap 6.22%
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?
Retail space - High-traffic location near Hialeah Market Station with development potential.
Where is this retail space located?
The property is located at 2230-2250 Palm Avenue Hialeah, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High‑traffic location on Palm Avenue near Hialeah Market Station; Strong transit‑oriented development (TOD) potential; Strategic infill development opportunity
