Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4950 W 12th Ave Hialeah, FL 33012

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail building in Hialeah with tenant in place.

    Type:Retail
    Property size:
    2,781 SF
    Added:
    Oct 29, 2024
    Days on Market:
    533
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 4950 W 12th Ave

    General Information

    Standard status
    Active
    Size
    2,781 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Joel Freis

    Listing agent Joel Freis License #0660225

    Listing office eXp Commercial

    Listing date Oct 29, 2024

    Source Crexi

    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 eXp Commercial

    Overview

    Hialeah Retail Building For Sale

    The property is a retail building located in the heart of Hialeah, at the crossroads of W. 12th Ave and 103 Street, offering ultra visibility. The building has a tenant currently on a lease that ends March 31, 2029. Previously, the location was home to a BBQ restaurant that operated for over 40 years. The building is suitable for business growth. The property has ample parking, high visibility, and heavy foot traffic. The building size is 2,781 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PINCHO Burgers and Kebabs Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.307272
    Latitude
    25.867437

    Nearby Similar for Sale

    • $375,000

      Hialeah Warehouse with Office Space

      Warehouse with two-story office space in a convenient location.
      1751 W 38th Pl, Hialeah, FL 33012
      View Details
    • $745,000

      Hialeah Pawn & Jewelry Business

      Established, licensed pawn and jewelry business in Hialeah, Florida.
      Palm Ave, Hialeah, FL 33010
      View Details
    • $375,000

      Hialeah Warehouse with Spacious Office

      Warehouse with two-story office space in a convenient Hialeah location.
      1751 W 38th Pl, Hialeah, FL 33012
      View Details
    • $395,000

      Established Car Wash Business Opportunity

      Well-established hand car wash business since 1989 in Hialeah.
      5390 W 12 Ave, Hialeah, FL 33012
      View Details
    • $380,000

      Automotive Repair and Race Facility

      Established automotive repair and race car preparation facility for sale.
      2700 W 79th St, Hialeah, FL 33016
      View Details
    • $3,500,000

      Modern Hialeah Warehouse Investment Opportunity

      New warehouse with long-term tenant in prime industrial location.
      8565 W 44th Ave, Hialeah, FL 33018
      View Details
    • $3,675,000

      Hialeah Warehouse/Showroom Business Opportunity

      Established stone supply and distribution business with warehouse and showroom.
      2757 W 77th Pl, Hialeah, FL 33016
      View Details
    • $110,000

      Established Beauty Salon Business Opportunity

      Turnkey beauty salon for sale in Miami Lakes.
      18505 NW 75th Pl, Hialeah, FL 33015
      View Details
    • $8,900,000

      Hialeah Commercial Building with Daycare

      Modern Hialeah commercial building with income and expansion potential.
      6545 NW 169th St, Hialeah, FL 33015
      View Details
    • $55,000

      Established Beauty Salon Business Opportunity

      Fully equipped salon with rental income and growth potential.
      3300 E 4 AVE, Hialeah, FL 33013
      View Details
    • $2,000,000

      Modern Office Building in Hialeah

      Turnkey medical/professional office in a high-demand Hialeah location.
      875 E 41st St, Hialeah, FL 33013
      View Details
    • $100,000

      Hialeah Beauty Salon Opportunity

      Miami salon for sale with below-market rent and high foot-traffic.
      16774 NW 67th Ave, Hialeah, FL 33015
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail building in Hialeah with tenant in place.
    Where is this retail space located?
    The property is located at 4950 W 12th Ave Hialeah, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Excellent location in the heart of Hialeah at the intersection of W. 12th Ave and 103 Street.; High visibility and heavy foot traffic.; Ample parking available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joel Freis
    Real Estate License ID: 0660225
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!