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    Property profile & analytics

    17670 78Th Ave Hialeah, FL 33015

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GSLA Design / General Contractor
    • accounting, business accounting professionals home / Accountant
    • Physical Rehabilitation Services / Physical Therapist
    • Diana M. Arbelaez, Cota / Physical Therapist / Occupational Therapist

    Property Details for 17670 78Th Ave

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 17670 NW 78th Ave #201 in Hialeah, Florida, presents a rare opportunity. Priced at $850,000, this corner unit offers a generously sized office space with pre-approved medical use, making it ideal for a variety of professional businesses. The layout is thoughtfully designed for both comfort and efficiency, boasting six individual offices, perfect for a team or individual practitioners. A welcoming reception area sets the tone, while a dedicated meeting/conference room provides a professional space for client interactions or internal collaborations. Ample storage is available, including a convenient IT closet. The property also includes two private bathrooms, one equipped with a shower, and a full kitchen, adding to the overall convenience and functionality. A comfortable waiting lounge provides a welcoming space for clients. This turnkey solution is ready for immediate occupancy. Furthermore, attractive seller financing options are available, making this an even more compelling investment opportunity. The property is situated in Miami-Dade County, Florida, with the zip code 33015. This is a unique chance to acquire a well-appointed commercial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3276
    Latitude
    25.9339

    Comparable in this City

    • Value Estimation
      $345,000
      2,299 SF

      7755 178th St

      CHARITABLE ORGANIZATION • 2,299 SF
      7755 178th St, Hialeah, FL 33015-3646
      View Details
    • Value Estimation
      $655,000
      75,275 SF

      17300 87th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 75,275 SF
      17300 87th Ave, Hialeah, FL 33015-3516
      View Details
    • Value Estimation
      $390,000
      8,210 SF

      17790 78th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 8,210 SF
      17790 78th Ave, Hialeah, FL 33015-3600
      View Details
    • Value Estimation
      $1,100,000
      35,862 SF

      17302 87th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 35,862 SF
      17302 87th Ave, Hialeah, FL 33015
      View Details
    • Value Estimation by Request

      67Th Ave

      Office Properties & Spaces
      0 67Th Ave, Hialeah, FL 33015
      View Details
    • Value Estimation by Request
      1,910 SF

      16800 67Th Ave

      Individual retail properties • 1,910 SF
      16800 67Th Ave, Hialeah, FL 33015
      View Details

    Similar Nearby for Sale

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    • Contact for pricing

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    Similar Nearby for Lease

    • $50 SF/Yr
      1,910 SF

      Hialeah Retail Space For Lease

      Prime Hialeah retail space available.
      16800 67Th Ave, Hialeah, FL 33015
      View Details
    • $4 SF/Yr
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      Prime Office Space, NW 78th Ave

      Single-tenant office, 1368 sq ft
      17687 78Th Ave, Hialeah, FL 33015
      View Details
    • $2 SF/Yr
      24,975 SF

      Prime Hialeah Office Space

      Executive Suite, 24,975 SF, Ample Parking
      18191 68Th Ave, Hialeah, FL 33015
      View Details
    • $17 SF/Yr
      160,000 SF

      Hialeah Warehouse Space Available

      160,000 square foot warehouse available for lease in Hialeah.
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    • $22 SF/Yr
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      Office Space in Hialeah, FL

      Office space available in a grocery-anchored center.
      18590 NW 67Th Ave, Hialeah, FL 33015
      View Details
    • $2,600 /Mo

      Executive Office Space in Miami

      Executive office space with utilities included and ample parking.
      18191 NW 68Th Ave, Miami, FL 33015
      View Details
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    17670 78Th Ave
    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
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