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    4298 Palm Ave Hialeah, FL 33012

    Sponsored
    For Sale
    $6,973,165

    Prime Hialeah location, strong tenant.

    Property size:
    5,991 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 5,991 square foot, single-tenant medical office building in Hialeah, Florida. The property, built in 2023, is situated on a 0.43-acre lot at 4298 Palm Ave, a major thoroughfare with high visibility. It's currently 100% occupied by Kidney Spa, LLC, under a 15-year absolute NNN lease (commencing April 1, 2023, and expiring March 31, 2038) with a corporate guarantee. The lease includes 2% annual rent bumps and three 5-year renewal options, ensuring consistent income growth. The property boasts a strong NOI of $442,796 and a 6.35% cap rate, making it an attractive investment. The building features 16 patient stations, a private station, centralized nursing station, exam rooms, doctor's office, staff lounge, waiting room, and reception area. The surrounding area is densely populated, with numerous apartment complexes, colleges (including Miami Dade College and Florida National University), and hospitals (including Hialeah Hospital and Larkin Community Hospital) nearby. This prime location in a high-growth market, combined with a strong tenant and favorable lease terms, presents a compelling investment opportunity with significant long-term potential. The asking price is $6,973,165, representing a price per square foot of $1,163.94. The property is offered fee simple.

    Property Features for 4298 Palm Ave

    General Information

    Property type
    Medical offices
    Square Feet
    5,991 SF
    Lot Size
    18,731 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Kidney Spa in Hialeah, FL, a densely populated Miami submarket with over 28,000 residents within one mile and 469,000 within five miles.
    • New 15‑year lease expiring March 31, 2038, with 2% annual rent increases and three 5‑year options.
    • Absolute NNN lease; zero landlord responsibilities.
    • Lease includes corporate guaranty by KidneySpa, LLC.
    • Brand new (2023) build‑to‑suit facility with 16 patient stations, plus additional support spaces.
    • Surrounded by numerous apartment complexes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -80.2830572
    Latitude
    25.8611073

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    FAQs

    What type of property is this?
    Medical office - Prime Hialeah location, strong tenant.
    Where is this medical office located?
    The property is located at 4298 Palm Ave Hialeah, FL.
    What is the asking price?
    The asking price for this property is $6,973,165.
    What are key features of this property?
    This property features: Kidney Spa in Hialeah, FL, a densely populated Miami submarket with over 28,000 residents within one mile and 469,000 within five miles.; New 15-year lease expiring March 31, 2038, with 2% annual rent increases and three 5-year options.; Absolute NNN lease; zero landlord responsibilities.
    Request Owner's contact information
    4298 Palm Ave Hialeah, FL 33012
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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
    4298 Palm Ave Hialeah, FL 33012
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