Add Listing
    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

    990 Hialeah Dr Hialeah, FL 33010

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1.92-acre commercial land, prime location.

    Lot size:
    83,544 SF

    Property Features for 990 Hialeah Dr

    General Information

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

    Spaces For Lease

    at 990 Hialeah Dr, Hialeah, FL 33010 Contact us
    Unit

    $5 /Mo

    Size
    83,544 SF
    Contact us

    We can help!

    Listing Contact
    Liran Friedman
    Liran Friedman

    Listing Agency: Vanguard Real Estate Services Listing Agent: Liran Friedman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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

    Nearby Similar for Lease

    • New
      $7,000 /Mo

      Hialeah Medical/Professional Office Space

      Turnkey medical/professional office in high-visibility Hialeah corridor.
      4751 W 4Th Ave, Hialeah, FL 33012
      View Details
    • $2,250 /Mo

      Hialeah Retail Space Available

      Versatile commercial space in East Hialeah, ideal for various businesses.
      330 W 9Th St, Hialeah, FL 33010
      View Details
    • $2,500 /Mo
      Pending

      Hialeah Office/Warehouse Near 826/I-75

      Office/warehouse in Hialeah, near 826/I-75 corridor, available February 2026.
      2285 W 80Th St, Hialeah, FL 33016
      View Details
    • $2,900 /Mo

      Hialeah Warehouse/Office Space Available

      Secure, gated Hialeah warehouse/office space for rent.
      6187 NW 167Th St, Hialeah, FL 33015
      View Details
    • $30 SF/Yr

      Hialeah Medical/Professional Office Space

      Corner unit in Hialeah, ideal for medical or professional practice.
      4445 W 16Th Ave, Hialeah, FL 33012
      View Details
    • $4,750 /Mo

      Hialeah Mixed-Use Office/Warehouse Space

      2,408 SF Hialeah property with office and warehouse space.
      6073 NW 167Th St, Hialeah, FL 33015
      View Details
    • $3,500 /Mo

      Hialeah Office/Warehouse Condominium For Rent

      Air-conditioned office/warehouse in gated complex, available March 1, 2026.
      6175 NW 167Th St, Hialeah, FL 33015
      View Details
    • $32 SF/Yr

      Hialeah Office Space For Rent

      1,491 sq ft office space in Hialeah, Florida.
      4201 Palm Ave, Hialeah, FL 33012
      View Details
    • New
      $1,900 /Mo

      Hialeah Office/Warehouse Flex Space

      Office and warehouse space suitable for various commercial uses.
      7750 W 24Th Ave, Hialeah, FL 33016
      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
    • $24 SF/Yr

      Hialeah Warehouse/Showroom/Office For Lease

      Two-story, mixed-use building near Amelia District, Hialeah. Under renovation.
      7550 W 2Nd Ct, Hialeah, FL 33014
      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

    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.
    (305) 761-3957 Call to check price and availability
    Request Owner's contact information
    990 Hialeah Dr Hialeah, FL 33010
    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.
    990 Hialeah Dr
    Hialeah, FL 33010
    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
    990 Hialeah Dr Hialeah, FL 33010
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Liran Friedman
    Liran Friedman
    Real Estate License ID: CQ1053252
    (305) 761-3957
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!