Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    400 Palm Ave Hialeah, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail strip center in downtown Hialeah with parking.

    Type:RETAIL
    Lot size:
    0.30 Acres
    Added:
    Nov 11, 2022
    Days on Market:
    1266
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 400 Palm Ave

    General Information

    Standard status
    Active
    Lot size
    0.30 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Alan Waserstein

    Listing agent Alan Waserstein

    Listing office REALTY HUB

    Listing date Nov 11, 2022

    Source Moodyscre

    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 REALTY HUB

    Overview

    Hialeah Retail Strip Center

    This property includes a corner retail strip center with 200 feet of frontage and parking in the rear. It is located in downtown Hialeah, near city hall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tienda De Ropa Clothing Store C & I Equipment ... Home Appliance Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2817
    Latitude
    25.8257

    Nearby Similar for Sale

    • $380,000

      Automotive Repair and Race Facility

      Established automotive repair and race car preparation facility for sale.
      2700 W 79th St, Hialeah, FL 33016
      View Details
    • $745,000

      Hialeah Pawn & Jewelry Business

      Established, licensed pawn and jewelry business in Hialeah, Florida.
      Palm Ave, Hialeah, FL 33010
      View Details
    • $375,000

      Hialeah Warehouse with Spacious Office

      Warehouse with two-story office space in a convenient Hialeah location.
      1751 W 38th Pl, Hialeah, FL 33012
      View Details
    • $480,000

      Turnkey Warehouse Flex Space

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

      Turnkey Restaurant Opportunity in Hialeah

      Fully equipped restaurant with beer/wine license in Hialeah, Florida.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $395,000

      Established Car Wash Business Opportunity

      Well-established hand car wash business since 1989 in Hialeah.
      5390 W 12 Ave, Hialeah, FL 33012
      View Details
    • $5,000,000

      Hialeah Corner Lot Shopping Center

      Shopping center with development potential in a desired Hialeah location.
      1992 E 4th Ave, Hialeah, FL 33010
      View Details
    • $3,675,000

      Hialeah Warehouse/Showroom Business Opportunity

      Established stone supply and distribution business with warehouse and showroom.
      2757 W 77th Pl, Hialeah, FL 33016
      View Details
    • $3,500,000

      Modern Hialeah Warehouse Investment Opportunity

      New warehouse with long-term tenant in prime industrial location.
      8565 W 44th Ave, Hialeah, FL 33018
      View Details
    • $110,000

      Established Beauty Salon Business Opportunity

      Turnkey beauty salon for sale in Miami Lakes.
      18505 NW 75th Pl, Hialeah, FL 33015
      View Details
    • $8,900,000

      Hialeah Commercial Building with Daycare

      Modern Hialeah commercial building with income and expansion potential.
      6545 NW 169th St, Hialeah, FL 33015
      View Details
    • $90,000

      Hialeah Beauty Salon Opportunity

      Miami area beauty salon for sale in Hialeah.
      16774 NW 67th Ave, Hialeah, FL 33015
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail strip center in downtown Hialeah with parking.
    Where is this strip mall located?
    The property is located at 400 Palm Ave Hialeah, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Corner retail strip center location.; Located in downtown Hialeah near city hall.; Boasting 200 feet of frontage.
    (407) 900-1001 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alan Waserstein
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!