Mixed-Use NNN Retail
4355 W 16th Ave Hialeah, FL 33012
For Sale
$11,600,000
SINGLE_FAMILY - Hialeah, FL
Property Size32,362 SF
Lot Size1.55 Acres
Price / SF$358.45
Days on Market47
Property Features for 4355 W 16th Ave
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
APN
04-30-02-072-0030
Lot size
1.55 Acres
Taxes and HOA fees
Tax Description
5TH ADDN TO SOROA SUB PB 116-6 LOTS 3 THRU 6 BLK 9 LOT SIZE 67366 SQ FT OR 17200-0344 0496 5 (4) COC 26529-2023 08 2008 5
Building Details
Year built
1984
Listing Agency:
Trustpoint Realty, LLC.
(305) 200-0348
Listed By:
Andres Villarreal · License #3606293
(754) 736-0335
Added: Jun 13
Changed: Jun 30
Last Checked: Jul 29 at 11:06PM
MLS# A12036210
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use NNN retail center totals 32,362 SF and is configured with space leased to 20 tenants, with 19 occupied and 1 vacant. The property is operated under 100% NNN leases, shifting operating costs to tenants. According to the remarks, the landlord has zero expense responsibility, with taxes, insurance, and CAM paid directly by the tenant base.
The asset is located at 4355 W 16th Ave in Hialeah, Florida. The listing notes the center’s current leasing profile and occupancy level, reflecting a largely stabilized tenant mix with one unit available.
For buyers seeking an NNN structure, this property provides a tenant-paid model for common operating expenses. It may also appeal to operators and investors looking for incremental lease-up and rent alignment, as the remarks indicate that 17 of 20 tenants are below the $35/SF market rate. With 95% occupancy in place, the available space represents a clear opportunity to improve occupancy and overall rent positioning through leasing activity.
The asset is located at 4355 W 16th Ave in Hialeah, Florida. The listing notes the center’s current leasing profile and occupancy level, reflecting a largely stabilized tenant mix with one unit available.
For buyers seeking an NNN structure, this property provides a tenant-paid model for common operating expenses. It may also appeal to operators and investors looking for incremental lease-up and rent alignment, as the remarks indicate that 17 of 20 tenants are below the $35/SF market rate. With 95% occupancy in place, the available space represents a clear opportunity to improve occupancy and overall rent positioning through leasing activity.
Key Highlights
- 32,362 SF mixed‑use NNN retail center built in 1984
- 95% occupied with 20 tenants total (19 occupied, 1 vacant)
- 100% NNN leases—tenants pay taxes, insurance, and CAM directly
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 | $873.8k | $27.00 |
| − Vacancy | −$69.9k | −$2.16 |
| EGI | $803.9k | $24.84 |
| − OpEx | −$241.2k | −$7.45 |
| NOI | $562.7k | $17.39 |
32,362 SF · lease $27.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.04M
$7.03M – $9.38M
NOI $562,710 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.74M
$11.15M – $14.86M
NOI $891,638 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Westland Promenade — 3705 W 20th Ave, Hialeah, FL 33012
- Miracle Mile Shopping Center — 1650 W 37th St, Hialeah, FL 33012
- Mega Center — 9 NW 84th St, Medley, FL 33166
- Tony miami — 1793 W 37th St UNIT 6, Hialeah, FL 33012
- Peluqueria JA — Unnamed Road, Hialeah, FL 33012
Frequently Asked Questions
What type of property is this?
Shopping center - 32,362 SF NNN retail center with 95% occupancy and tenants paying taxes, insurance, and CAM directly.
Where is this shopping center located?
The property is located at 4355 W 16th Ave Hialeah, FL.
What is the asking price?
The asking price for this property is $11,600,000.
What are key features of this property?
This property features: 32,362 SF mixed‑use NNN retail center built in 1984; 95% occupied with 20 tenants total (19 occupied, 1 vacant); 100% NNN leases—tenants pay taxes, insurance, and CAM directly
