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    198 Hialeah Dr Hialeah, FL 33010

    Sponsored
    For Lease
    $0.07 SF/Yr

    Prime Corner Lot Retail Space, 5,779 SF

    Lot size:
    5,779 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property at 198 Hialeah Drive presents a unique investment opportunity. The single-tenant building boasts a substantial 5,779 square feet of space, ideally situated on a highly visible corner lot. A key advantage is the ample parking, with a private lot providing 35 spaces for customers and employees. The property's strategic location benefits from an average daily traffic count of 200,000, ensuring high visibility and potential for significant foot traffic. The building itself is a two-story structure, with the first floor offering 3,850 square feet of versatile retail space. This area is divisible, offering flexibility for potential tenants. A unique feature is the inclusion of a 448-square-foot warehouse bay on the first floor, complete with a loading door, adding significant value and utility. The property is zoned 6500 and has an APN of 04-31-19-006-0100. This combination of size, location, parking, and unique features makes this property an attractive option for a variety of retail businesses seeking a prominent presence in a high-traffic area. The property consists of one building with one suite across two stories.

    Property Features for 198 Hialeah Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,779 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    5,779 SF
    Rate per SF
    $0.07

    HighLights

    • 5,779 SF retail space in a single‑tenant building.
    • Corner lot with 35‑space private parking lot.
    • High daily traffic count (20,000+).
    • Includes a 448 SF warehouse bay with loading dock.
    • First floor (3,850 SF) is divisible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Palmetto Pride Roofing Roofing Contractor Funeraria Hialeah Memorial Funeral Home

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2774948
    Latitude
    25.8225709

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    FAQs

    What type of property is this?
    Retail property - Prime Corner Lot Retail Space, 5,779 SF
    Where is this retail property located?
    The property is located at 198 Hialeah Dr Hialeah, FL.
    What is the lease rate?
    The lease rate is $0.07 SF/Yr.
    What are key features of this property?
    This property features: 5,779 SF retail space in a single-tenant building.; Corner lot with 35-space private parking lot.; High daily traffic count (20,000+).
    Request Owner's contact information
    198 Hialeah Dr Hialeah, FL 33010
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    Hialeah, FL 33010
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    Realmo Value Estimation

    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.

    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.

    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
    198 Hialeah Dr Hialeah, FL 33010
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