Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hialeah Development Opportunity Title is generated by Realmo AI

    NW 138th St & NW 97th Ave, Hialeah, FL 33018

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    New commercial development opportunity in Hialeah, Florida.

    Type:Retail, Land, Restaurant
    Added:
    Feb 21, 2026
    Days on Market:
    98
    Last Refresh:
    May 12 at 9:14 pm

    Property Features for NW 138th St & NW 97th Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Land, Restaurant

    Spaces For Lease

    at NW 138th St & NW 97th Ave Contact us

    We can help!

    Listing Contact
    Ross Waters
    Ross Waters

    Listing agent Ross Waters License #SL3166134

    Listing office Atlantic Retail Southeast

    Listing date Feb 21, 2026

    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 Atlantic Retail Southeast

    HighLights

    • New development
    • Located in Hialeah
    • Situated at NW 138th St & NW 97th Ave

    Overview

    This property represents a new development opportunity located in Hialeah, Florida, specifically at the intersection of NW 138th Street and NW 97th Avenue. The property is suitable for commercial land use, retail spaces, restaurants, and other retail or restaurant ventures, as well as general commercial real estate purposes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.356299
    Latitude
    25.882243

    Nearby Similar for Lease

    • $1,620/Mo
      555 SF

      Hialeah Office Space For Rent

      Prime Hialeah office space in high-traffic shopping center.
      4355 W 16th Ave, Hialeah, FL 33012
      View Details
    • $3,500/Mo
      1,200 SF

      Hialeah Retail/Office Space Available

      Second-floor retail/office space in high-demand commercial corridor.
      4355 W 16th Ave, Hialeah, FL 33012
      View Details
    • $3,500/Mo
      850 SF

      Hialeah Retail Space For Rent

      Prime retail space in high-traffic Hialeah corridor, ready for occupancy.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $20 SF/Yr
      6,700 SF

      Hialeah Industrial Space Available

      Versatile industrial property with warehouse and office space in Hialeah.
      2290 W 8th Ave, Hialeah, FL 33010
      View Details
    • $5,500/Mo
      2,152 SF

      Hialeah Medical/Professional Office Space

      Corner unit ideal for medical or professional practice in Hialeah.
      4445 W 16th Ave, Hialeah, FL 33012
      View Details
    • $3,200/Mo
      500 SF

      Retail Space in Busy Hialeah

      500 SF retail space in high-traffic Hialeah location.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details
    • $32 SF/Yr
      1,491 SF

      Hialeah Office Space For Rent

      1,491 sq ft office space in Hialeah, Florida.
      4201 Palm Ave, Hialeah, FL 33012
      View Details
    • $2,250/Mo
      1,100 SF

      Hialeah Retail Space For Rent

      Versatile commercial space in East Hialeah, ideal for various businesses.
      330 W 9th St, Hialeah, FL 33010
      View Details
    • $400/Mo
      180 SF

      Office Space in Miami Lakes

      Private office suite available for rent in Hialeah, Florida.
      15271 NW 60 Street, Hialeah, FL 33014
      View Details
    • $4,750/Mo
      2,408 SF

      Hialeah Mixed-Use Office/Warehouse Space

      2,408 SF mixed-use property with office and warehouse space.
      6073 NW 167th St, Hialeah, FL 33015
      View Details
    • $16 SF/Yr
      5,000 SF

      Hialeah Industrial Warehouse for Lease

      Move-in ready warehouse with carpentry license in place.
      733 W 26th St, Hialeah, FL 33010
      View Details
    • $3,500/Mo
      750 SF

      Hialeah Retail Space Available

      Prime retail space in high-traffic Hialeah corridor, ready for occupancy.
      1352 E 4th Ave, Hialeah, FL 33010
      View Details

    FAQs

    What type of property is this?
    Commercial land - New commercial development opportunity in Hialeah, Florida.
    Where is this commercial land located?
    The property is located at NW 138th St & NW 97th Ave Hialeah, FL.
    What are key features of this property?
    This property features: New development; Located in Hialeah; Situated at NW 138th St & NW 97th Ave
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ross Waters
    Ross Waters
    Real Estate License ID: SL3166134
    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

    Thank You for Inquiry
    NW 138th St & NW 97th Ave, Hialeah, FL 33018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!