Renovated Retail
For Sale
Contact for pricing
650 E 9th St, Hialeah, FL 33010
Flexible commercial space within a revitalized neighborhood retail center near major roadways.
Property Size33,052 SF
Price / SF$0.13
Days on Market89
Property Features for 650 E 9th St
General Information
Standard status
Active
Size
33,052 SF
Property subtype
Retail
Building Details
Building Size
33,052 SF
Year Built
1972
Listing Agency:
Wolf CO Real Estate South Florida, LLC.
Listed By:
Anabell Rodriguez · License #3357116
(305) 906-1727
Source:
Casacollectiongroup
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 16 at 3:01PM
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 Wolf CO Real Estate South Florida, LLC.
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Investment Insights
Based on property information with market context.
Cien Fuegos Plaza includes one remaining retail space of approximately 1,000 SF within a 33,052 SF property. The center was recently renovated, with ownership investing in updated improvements and repositioning the property as a neighborhood shopping destination. The available space can accommodate boutique retail, wellness, office, fitness, specialty food, and other service-oriented concepts identified for the property.
Located at 650 E 9th Street in Hialeah, the property benefits from access to major roadways and surrounding residential neighborhoods. Ownership is willing to consider infrastructure assistance for qualified food users pursuing select concepts, including pizza or ice cream. The property was originally built in 1972.
Located at 650 E 9th Street in Hialeah, the property benefits from access to major roadways and surrounding residential neighborhoods. Ownership is willing to consider infrastructure assistance for qualified food users pursuing select concepts, including pizza or ice cream. The property was originally built in 1972.
Key Highlights
- Approximately 1,000 SF of remaining retail space
- 33,052 SF property with recent renovation investments
- Located at 650 E 9th Street, Hialeah, FL 33010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$574,708
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,494,160
$11.5M
Cap Rate 7%
$8,210,114
$8.2M
Cap Rate 9%
$6,385,644
$6.4M
Market Conditions
NOI Build-Up for 33,052 SF
Gross rent
$892.4K $27.00/SF
− Vacancy
−$71.4K −$2.16/SF
EGI
$821.0K $24.84/SF
− OpEx
−$246.3K −$7.45/SF
NOI
$574.7K $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%
$11,494,160
Cap Rate 7%
$8,210,114
Cap Rate 9%
$6,385,644
Alternative Uses
Best Use
Retail
$8.21M
$7.18M – $9.58M
NOI $574,708 @ 7.0% cap · market cap 13,781.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.01M
$11.38M – $15.18M
NOI $910,649 @ 7.0% cap · market cap 21,838.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,048
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 50%
Sedano's
Groceries
35,251 visits/mo
0.4 miles
Chase Bank
Shops & Services
20,776 visits/mo
0.5 miles
Bank of America
Shops & Services
15,108 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space within a revitalized neighborhood retail center near major roadways.
Where is this retail space located?
The property is located at 650 E 9th St Hialeah, FL.
What are key features of this property?
This property features: Approximately 1,000 SF of remaining retail space; 33,052 SF property with recent renovation investments; Located at 650 E 9th Street, Hialeah, FL 33010
