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    926 Military Trl Hialeah, FL 33015

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, flexible spaces available.

    Lot size:
    26,408 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    Located in the vibrant West Palm Beach area at 926 S Military Trl, Polo Grounds Mall offers exceptional retail space for lease. This prime commercial property boasts a total of 26,408 square feet, with multiple tenancy options available. Currently, there are two vacant spaces totaling 2,752 square feet, offering flexible layouts ranging from a minimum of 1,280 square feet to a maximum contiguous space of 1,472 square feet. The property is situated in Palm Beach County, Florida, zip code 33015, providing easy access to major transportation routes and a high-density customer base. This presents a unique opportunity for businesses seeking a high-visibility location within a well-established retail center. The property's strategic location ensures significant foot traffic and exposure, making it ideal for a variety of retail ventures. The flexible space options allow for customization to suit individual business needs, offering a versatile solution for both established businesses and new ventures. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity in a thriving Florida market. Contact us today to schedule a viewing and discuss your business needs.

    Property Features for 926 Military Trl

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,408 SF

    Unit(s) available at that property

    Space
    Unit 832 (Coming Soon)
    Size
    1,280 SF
    Space
    Unit 830-A
    Size
    1,472 SF

    We can help!

    Listing Contact
    Allan Carlisle
    Allan Carlisle

    Learn more

    HighLights

    • 1,280 SF and ±1,472 SF of retail space available.
    • Publix and Bealls‑anchored center.
    • High‑traffic location with 70,000 vehicles daily at a signalized intersection.
    • Strong demographics: over 150,000 people within a 3‑mile radius.
    • National tenants include AT&T, Papa John's, Sage Dental, Chase, and Wingstop.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hialeah
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.3268812
    Latitude
    25.9358702

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, flexible spaces available.
    Where is this retail property located?
    The property is located at 926 Military Trl Hialeah, FL.
    What are key features of this property?
    This property features: 1,280 SF and ±1,472 SF of retail space available.; Publix and Bealls-anchored center.; High-traffic location with 70,000 vehicles daily at a signalized intersection.
    Request Owner's contact information
    926 Military Trl Hialeah, FL 33015
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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
    926 Military Trl Hialeah, FL 33015
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    We can help!
    Listing Contact
    Allan Carlisle
    Allan Carlisle
    Real Estate License ID: FL 3242404
    Learn more
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