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    990 Hialeah Dr Hialeah, FL 33010

    For Lease
    $5 SF/Yr

    1.92-acre commercial land, prime location.

    Lot size:
    83,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.92-acre parcel situated at 990 Hialeah Drive in Hialeah, Florida (zip code 33010), presents a rare ground lease or joint venture opportunity. Located on a corner lot, this property boasts unparalleled accessibility, being only 2.5 miles north of Miami International Airport and conveniently close to major thoroughfares such as the Palmetto Expressway (SR-826) and Airport Expressway (SR-112). The site is zoned as Market Station Gateway, an overlay to the Neighborhood Business District (NBD), offering significant development potential. This zoning allows for buildings up to 5 stories (55 feet) and potentially up to 9 stories (95 feet) with design incentives. The property's APN is 04-3120-000-0084. Given its location within a densely populated area—approximately 235,000 residents and 76,000 households within a 3-mile radius—this land is ideal for a variety of uses, including retail, restaurants, grocery stores, offices, medical facilities, schools, childcare centers, multifamily dwellings, and mixed-use developments. Note that gas stations and automotive uses are prohibited. The property is currently designated as vacant land with a single tenancy. This is a truly unique opportunity to capitalize on a high-demand location in a thriving Miami-Dade County community.

    Property Features for 990 Hialeah Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,544 SF

    Unit(s) available at that property

    Space
    Size
    83,544 SF
    Rate per SF
    $5

    HighLights

    • High‑visibility corner lot with approximately 309 feet of frontage on Hialeah Drive.
    • Prime Miami‑Dade location near Downtown Miami, Wynwood, Allapattah, Doral, Little Havana, and Coral Gables.
    • Exceptional population density: 35,000 residents within a 1‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare 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
    -80.26176981
    Latitude
    25.82322393

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    FAQs

    What type of property is this?
    Land - 1.92-acre commercial land, prime location.
    Where is this land located?
    The property is located at 990 Hialeah Dr Hialeah, FL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner lot with approximately 309 feet of frontage on Hialeah Drive.; Prime Miami-Dade location near Downtown Miami, Wynwood, Allapattah, Doral, Little Havana, and Coral Gables.; Exceptional population density: 35,000 residents within a 1-mile radius.
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    990 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
    990 Hialeah Dr Hialeah, FL 33010
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