Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18191 68Th Ave Hialeah, FL 33015

    Sponsored
    For Lease
    $2 SF/Yr

    Executive Suite, 24,975 SF, Ample Parking

    Lot size:
    24,975 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional single-tenant office building, known as Plaza 68, presents a unique opportunity for businesses seeking a prestigious and convenient location in Hialeah, Florida. The property, located at 18191 NW 68th Ave, Miami, FL 33015, boasts a total of 24,975 square feet of office space spread across two stories within a single building. The zoning designation is 6800. The property features convenient access to major transportation arteries, situated just minutes from the NW 186 Street exit off I-75 and a half-mile north of the NW 67th Avenue exit from the Palmetto Expressway, minimizing commute times and traffic congestion. The building offers significant advantages including all utilities (water and electricity) included in the lease. Ample free parking is available on-site for employees and clients. Security is a top priority, with 24/7 access controlled by a code entry system and enhanced by comprehensive video monitoring. This turnkey solution provides a secure, efficient, and well-located workspace, ideal for a variety of businesses. The APN is 30-20-11-003-0040. This is a single-suite, two-story building.

    Property Features for 18191 68Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,975 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    24,975 SF
    Rate per SF
    $2

    We can help!

    Listing Contact
    Anadalys Armas
    Anadalys Armas

    Learn more

    Property Insight Report

    HighLights

    • Prestigious single‑tenant office building in Hialeah, FL.
    • 24,975 SF of office space across two stories at 18191 NW 68th Ave, Miami, FL 33015.
    • Convenient access to I‑75 and Palmetto Expressway.
    • Utilities (water & electricity) included in lease; ample free parking.
    • 24/7 access‑controlled building with video monitoring.
    • Single‑suite, two‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bright Choice Funding Financial Institution Cost-Effective Health Insurance ... Insurance Agency S.K.I. Investigations, Inc. Private Investigator Water Damage Restoration ... Water Damage Restoration Service JANNETTE PINEIRO ATTORNEY ... Law Firm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -80.3114742
    Latitude
    25.9380378

    Nearby Similar for Lease

    • $29 SF/Yr

      Hialeah Office Space with Terrace

      Corporate office space with terrace, ideal for professional businesses.
      6545 NW 169Th St, Hialeah, FL 33015
      View Details
    • $4,500 /Mo

      Miami Gardens Office/Warehouse For Rent

      Office/warehouse with upgraded interior, suitable for many uses.
      4960 NW 165Th St, Hialeah, FL 33014
      View Details
    • New
      $31 SF/Yr

      Hialeah Medical/Professional Office Space

      Penthouse corner unit in Hialeah, ideal for medical or professional practice.
      4445 W 16Th Ave, Hialeah, FL 33012
      View Details
    • $2,500 /Mo

      Hialeah Retail Space For Rent

      Versatile commercial space in Hialeah, ideal for retail or office.
      330 W 9Th St, Hialeah, FL 33010
      View Details
    • $4,500 /Mo

      Turn-Key Commercial Space in Miami Lakes

      Updated 2,011 sq ft space ideal for various uses.
      4796 NW 167Th St, Hialeah, FL 33014
      View Details
    • $20,000 /Mo

      Free-Standing Building on Palmetto Expressway

      Versatile commercial space with highway frontage and high traffic visibility.
      7701 NW 103Rd St, Hialeah, FL 33016
      View Details
    • $22 SF/Yr

      Hialeah Gardens Industrial Sublease Opportunity

      Modern industrial space in Miami's premier industrial corridor.
      14001 NW 112Th Ave, Hialeah, FL 33018
      View Details
    • $1,350 /Mo
      Pending

      Functional Office and Warehouse Space

      Affordable commercial space with office and warehouse in Hialeah.
      6187 NW 167Th St, Hialeah, FL 33015
      View Details
    • $3,750 /Mo

      Hialeah Office Space Available

      1,350 SF office space suitable for various professional uses.
      960 W 84Th St, Hialeah, FL 33014
      View Details
    • $2,350 /Mo

      Retail Space in Hialeah Gardens

      Retail space with private bathroom in Hialeah Gardens, Florida.
      10550 NW 77, Hialeah, FL 33016
      View Details
    • $16 SF/Yr

      Hialeah Industrial Warehouse for Lease

      Move-in ready warehouse with carpentry license in place.
      733 W 26Th St, Hialeah, FL 33010
      View Details
    • $20 SF/Yr

      Hialeah Warehouse with Street Frontage

      3,100 SF Hialeah warehouse for lease with excellent access.
      2300 W 8Th Ave, Hialeah, FL 33010
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Executive Suite, 24,975 SF, Ample Parking
    Where is this office property / space located?
    The property is located at 18191 68Th Ave Hialeah, FL.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Prestigious single-tenant office building in Hialeah, FL.; 24,975 SF of office space across two stories at 18191 NW 68th Ave, Miami, FL 33015.; Convenient access to I-75 and Palmetto Expressway.
    Request Owner's contact information
    18191 68Th Ave Hialeah, FL 33015
    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.
    18191 68Th Ave
    Hialeah, FL 33015
    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
    18191 68Th Ave Hialeah, FL 33015
    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

    We can help!
    Listing Contact
    Anadalys Armas
    Anadalys Armas
    Real Estate License ID: 3096980
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.