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    4440 16th Ave Hialeah, FL 33012-7821

    • Office buildings
    • 12,237 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Apr 09, 2025
    $6,500,000
    Value Estimations
    $5,265,000
    Show details
    Cap Rate Potential
    4.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-6185833
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pasteur Medical Hialeah West / Medical Center

    Property Details for 4440 16th Ave

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.51 lot acres
    Property size
    12,237 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    04-3002-090-0010
    APU
    430020900010

    Description

    This exceptional two-story, Class A medical office building, totaling 11,705 net rentable square feet, is situated on a 22,367 square foot lot in Hialeah, Florida (33012). Built in 1985 and extensively renovated in 2020 with a significant investment, this fully built-out facility boasts modern medical finishes throughout. The thoughtfully designed floor plan includes multiple exam rooms, private offices, a spacious waiting room, a reception area, a staff break room, and ADA-compliant restrooms. State-of-the-art infrastructure includes a fully equipped lab, medical-grade plumbing, advanced electrical systems, and specialized lighting. The property offers ample on-site parking and is conveniently located near the Palmetto Expressway (SR 826), providing easy access for patients and staff. Its prime location near Hialeah's main retail hub on W 49th St, surrounded by hospitals, clinics, and pharmacies, makes it ideal for physicians, healthcare providers, clinics, outpatient services, or medical specialists. The property is zoned C-2 for Medical/Professional Office use and features a single unit within one building. The asking price is $7,600,000. The property is offered for sale as an owner/user opportunity and has an occupancy date of January 30, 2025. The Miami-Dade County property (APN: 04-3002-090-0010) is held in fee simple.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,400,000
      ML approach
      $4,980,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,200,000
      6.5%
      $3,875,000
      7%
      $3,600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,412,000
      Market price range: $1.38M - $6.56M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3151
    Latitude
    25.8622
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,268
    $581,542
    $3,588,458
    $4,170,000
    -
    $581,542
    $3,588,458
    $4,170,000

    Comparable in this City

    • Value Estimation by Request
      1,001 SF

      900 49th St Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY) • 1,001 SF
      900 49th St Ste, Hialeah, FL 33012-3441
      View Details
    • Value Estimation by Request
      283 SF

      900 49th St Ste, Unit 311

      OFFICE BUILDING (MULTI-STORY) • 283 SF
      900 49th St Ste, Hialeah, FL 33012-3435
      View Details
    • Value Estimation by Request
      144 SF

      900 49th St Ste, Unit 315

      OFFICE BUILDING (MULTI-STORY) • 144 SF
      900 49th St Ste, Hialeah, FL 33012-3435
      View Details
    • Value Estimation by Request
      140 SF

      900 49th St Ste, Unit 520

      OFFICE BUILDING (MULTI-STORY) • 140 SF
      900 49th St Ste, Hialeah, FL 33012-3488
      View Details
    • Value Estimation by Request
      220 SF

      900 49th St Ste, Unit 528

      OFFICE BUILDING (MULTI-STORY) • 220 SF
      900 49th St Ste, Hialeah, FL 33012-3442
      View Details
    • Value Estimation by Request
      140 SF

      900 49th St Ste, Unit 532

      OFFICE BUILDING (MULTI-STORY) • 140 SF
      900 49th St Ste, Hialeah, FL 33012-3442
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Affordable office sublease opportunities in prime Miami locations.
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      Hialeah Office Space Opportunity

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      900 W 49Th St, Hialeah, FL 33012
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      Hialeah Office Space Available

      Office space with utilities included and 24-hour access.
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    • $679,999

      Hialeah Commercial/Industrial Condo Warehouse

      Versatile condo warehouse in Hialeah's bustling shopping center.
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      Medical Office Ready For Use

      Medical office space available in Hialeah, Florida.
      900 W 49Th St, Hialeah, FL 33012
      View Details
    • $1,700,000
      1,970 SF

      Hialeah Office Building - $1.7M

      Prime Hialeah Office, High Visibility, 1970 SF
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    Similar Nearby for Lease

    • $1.08 SF/Yr
      17,816 SF

      Hialeah Office/Retail Space Available

      Prime Hialeah location, 17,816 sq ft.
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    • $0.02 SF/Yr
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      Hialeah Medical Office Space

      Prime Medical Office, 1,491 SF, Hialeah
      4201 Palm Ave, Hialeah, FL 33012
      View Details
    • $1,500 /Mo

      Hialeah Office Space For Lease

      Second-floor office space in high-traffic Hialeah commercial building.
      4311 Palm Ave, Hialeah, FL 33012
      View Details
    • $2 SF/Yr
      17,816 SF

      Hialeah Office/Retail Space For Lease

      Prime Hialeah location, 17,816 sq ft.
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    • $35 SF/Yr

      Hialeah Medical/Professional Office Space

      Corner unit ideal for medical or professional practice in Hialeah.
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      View Details
    • $2 SF/Yr
      17,816 SF

      Hialeah Office Space For Lease

      Large Office, Prime Hialeah Location
      4646 4Th Ave, Hialeah, FL 33012
      View Details
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    4440 16th Ave
    Hialeah, FL 33012-7821
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    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
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