Retail Space with Multiple
For Sale
Contact for pricing
400 Palm Ave, Hialeah, FL 33010
Recently renovated open-plan space includes front, side, and rear access points.
Property Size9,067 SF
Price / SF$0.00
Days on Market25
Property Features for 400 Palm Ave
General Information
Standard status
Active
Size
9,067 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
9,067 SF
Year Built
1951
Listing Agency:
Realty Hub
Listed By:
Alan Waserstein · License #0438224
(786) 703-1731
Source:
Batrare
Added: Oct 1
Changed: Oct 24
Last Checked: Oct 25 at 12:55AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,067-square-foot retail space occupies a corner unit in a strip center. The recently renovated interior has an open layout, bathrooms, and laminate flooring. Entry is available through double doors at the front, as well as separate side and rear entrances. The property is offered on a NNN lease.
The center has more than 100 feet of frontage and on-site parking, with additional street and municipal parking. Hialeah courthouse and Veterans Park are directly across the street; Okeechobee Road and the Palmetto Expressway are two blocks away.
The center has more than 100 feet of frontage and on-site parking, with additional street and municipal parking. Hialeah courthouse and Veterans Park are directly across the street; Okeechobee Road and the Palmetto Expressway are two blocks away.
Key Highlights
- 9,067‑square‑foot retail space in a corner strip center
- Recently renovated open interior with bathrooms and laminate flooring
- Front double‑door entry, plus side and rear entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,657
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,153,140
$3.2M
Cap Rate 7%
$2,252,243
$2.3M
Cap Rate 9%
$1,751,744
$1.8M
Market Conditions
NOI Build-Up for 9,067 SF
Gross rent
$244.8K $27.00/SF
− Vacancy
−$19.6K −$2.16/SF
EGI
$225.2K $24.84/SF
− OpEx
−$67.6K −$7.45/SF
NOI
$157.7K $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 Rate 5%
$3,153,140
Cap Rate 7%
$2,252,243
Cap Rate 9%
$1,751,744
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.63M
NOI $157,657 @ 7.0% cap · market cap 685,465.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,814 @ 7.0% cap · market cap 1,086,147.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 34%
Dining 9%
Apparel 3%
Publix
Groceries
55,324 visits/mo
0.3 miles
Tom Thumb Food Stores
Shops & Services
27,076 visits/mo
0.1 miles
Chase Bank
Shops & Services
20,776 visits/mo
0.5 miles
Bank of America
Shops & Services
12,775 visits/mo
0.3 miles
Starbucks
Dining
8,581 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated open-plan space includes front, side, and rear access points.
Where is this retail space located?
The property is located at 400 Palm Ave Hialeah, FL.
What are key features of this property?
This property features: 9,067‑square‑foot retail space in a corner strip center; Recently renovated open interior with bathrooms and laminate flooring; Front double‑door entry, plus side and rear entrances
