Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Property in Thriving Hialeah Title is generated by Realmo AI

    3051 West 16th Avenue, Hialeah, FL 33012

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail space in a vibrant Hialeah community near Westland Mall.

    Type:Retail
    Added:
    Nov 21, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 9:02 pm

    Property Features for 3051 West 16th Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Yanina Yefimova

    Listing agent Yanina Yefimova

    Listing office Metro Commercial - FL

    Listing date Nov 21, 2025

    Source Metrocommercial

    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 Metro Commercial - FL

    HighLights

    • Located in the vibrant Pura Vida Hialeah area.
    • High traffic location off Okeechobee Rd and W 16th Ave with 72,100 VPD.
    • ±1,868 SF retail property for lease.
    • Close proximity to Westland Mall.
    • Near Hialeah Park Racing & Casino, offering entertainment and dining.
    • Dynamic mix of retail shops, restaurants, and businesses in the area.

    Overview

    This retail property offers approximately 1,868 square feet of space for lease. It is situated in Hialeah, an area characterized by a rich cultural environment and diverse population. The location is near Westland Mall, a shopping destination, and Hialeah Park Racing & Casino, which provides entertainment and dining. The surrounding area features a mix of retail shops, restaurants, and businesses, contributing to a lively atmosphere. Located off Okeechobee Road and West 16th Avenue, the location benefits from a combined vehicle per day count of 72,100. This property presents an opportunity for retail and street retail tenants to become part of this community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3141
    Latitude
    25.8497

    Nearby Similar for Sale

    • $1,700,000
      3,835 SF

      Hialeah Mixed-Use Development Opportunity

      Two parcels with existing structures, ideal for mixed-use development.
      2250 Palm Ave, Hialeah, FL 33010
      View Details
    • $8,500,000
      13,704 SF

      Hialeah Commercial Building with Daycare

      Modern commercial building with established preschool/daycare and vacant space.
      6545 NW 169th St, Hialeah, FL 33015
      View Details
    • $5,000,000
      11,290 SF

      Hialeah Corner Lot Shopping Center

      Shopping center with development potential on a corner lot.
      1992 E 4th Ave, Hialeah, FL 33010
      View Details
    • $3,500,000
      10,687 SF

      Modern Hialeah Warehouse Investment Opportunity

      New warehouse with long-term tenant in prime industrial location.
      8565 W 44th Ave, Hialeah, FL 33018
      View Details
    • $2,000,000
      1,860 SF

      Turnkey Medical Office in Hialeah

      Modern medical office in a high-demand Hialeah location.
      875 E 41st St, Hialeah, FL 33013
      View Details
    • $3,675,000
      5,000 SF

      Established Stone Supply Business Opportunity

      Turn-key stone supply business with prime industrial real estate.
      2757 W 77th Pl, Hialeah, FL 33016
      View Details
    • $2,300,000

      Corner Property in Hialeah, FL

      Two parcels totaling 18,300 SF, operating as car dealership.
      2045 E 4th Ave, Hialeah, FL 33010
      View Details
    • $480,000
      1,300 SF

      Turnkey Warehouse Flex Space

      Remodeled 1,300 SF Hialeah warehouse flex space for sale.
      1701 W 37th St, Hialeah, FL 33012
      View Details
    • $240,000
      2,600 SF

      Turnkey Restaurant Opportunity in Hialeah

      Fully equipped restaurant with beer/wine license in Hialeah, Florida.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $745,000

      Hialeah Pawn & Jewelry Business

      Established, licensed pawn and jewelry business in Hialeah, Florida.
      Palm Ave, Hialeah, FL 33010
      View Details
    • $2,499,000

      Hialeah Industrial Income Property

      Income-producing industrial property with restaurant and warehouse space in Hialeah.
      3595 NW 54th St, Hialeah, FL 33142
      View Details
    • $2,700,000

      Commercial Property on Okeechobee Road

      Commercial property on busy Okeechobee Road in Hialeah, Florida.
      449 E Okeechobee Rd, Hialeah, FL 33010
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a vibrant Hialeah community near Westland Mall.
    Where is this retail space located?
    The property is located at 3051 West 16th Avenue Hialeah, FL.
    What are key features of this property?
    This property features: Located in the vibrant Pura Vida Hialeah area.; High traffic location off Okeechobee Rd and W 16th Ave with 72,100 VPD.; **±1,868 SF retail property for lease.**
    (786) 671-4027
    We can help!
    Listing Contact
    Yanina Yefimova
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3051 West 16th Avenue, Hialeah, FL 33012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!