Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    11603 Okeechobee Rd Hialeah Gardens, FL 33018-4207

    • Gas stations
    • 10,747 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2022
    $5,500,000
    Value Estimations
    $5,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2993924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gas stations

    Property Details for 11603 Okeechobee Rd

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    1.38 lot acres
    Property size
    10,747 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Gas stations
    APN
    27-2032-013-0020
    APU
    2720320130020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,115,000
      ML approach
      $5,325,000

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $8,165,000
      Current use
      RESTAURANT
      $8,025,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3562
    Latitude
    25.8808
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $67,822
    $2,016,874
    $1,726,442
    $3,743,316
    -
    $2,016,874
    $1,726,442
    $3,743,316

    Comparable in this City

    • Value Estimation
      $3,185,000
      4,193 SF

      11390 87th Ct

      SERVICE STATION (FULL SERVICE) • 4,193 SF
      11390 87th Ct, Hialeah Gardens, FL 33018-4514
      View Details
    • Value Estimation
      $5,390,000
      6,151 SF

      3321 80th St

      SERVICE STATION WITH FOOD MART • 6,151 SF
      3321 80th St, Hialeah, FL 33018-5000
      View Details
    • Value Estimation by Request
      1.28 Acres

      10188 138Th St

      Automotive properties • 1.28 Acres
      10188 138Th St, Hialeah Gardens, FL 33018
      View Details
    • Value Estimation
      $705,000
      11,641 SF

      13891 Okeechobee Rd

      SERVICE STATION WITH FOOD MART • 11,641 SF
      13891 Okeechobee Rd, Hialeah Gardens, FL 33018-3701
      View Details
    • Value Estimation
      $4,965,000
      9,913 SF

      7950 28th Ave

      SERVICE STATION (FULL SERVICE) • 9,913 SF
      7950 28th Ave, Hialeah, FL 33018-7243
      View Details
    • Value Estimation
      $2,885,000
      6,507 SF

      7575 36th Ave

      SERVICE STATION (FULL SERVICE) • 6,507 SF
      7575 36th Ave, Hialeah, FL 33018-2916
      View Details

    Similar Nearby for Sale

    • New
      $4,500,000
      2.20 Acres

      Hialeah Commercial Opportunity

      Commercial property in Hialeah, Florida with high potential.
      15550 NW 122Nd Ave, Hialeah, FL 33018
      View Details
    • $19,384,032
      8,755 SF

      Citgo Truck Stop Investment Opportunity

      NNN leased truck stop in Hialeah Gardens, Florida.
      13899 W Okeechobee Rd, Hialeah, FL 33018
      View Details
    • $1,100,000

      Two Adjacent Lots in Hialeah

      Two 1-acre lots suitable for farming or truck parking.
      12140 NW 157Th St, Hialeah, FL 33018
      View Details
    • $40,000

      Established Truck Repair Business Opportunity

      Well-established truck/mechanic repair business with equipment, permits, and client base.
      9008 NW 119Th St, Hialeah Gardens, FL 33018
      View Details
    • $3,200,000
      2,000 SF

      Versatile Property with Event Potential

      Multi-use property featuring stables, arena, and event space.
      15721 NW 122Nd Ave, Hialeah, FL 33018
      View Details
    • $1,100,000

      Two Adjacent Lots in Hialeah

      Two 1-acre lots suitable for farming, livestock, or parking.
      12150 NW 157Th St, Hialeah, FL 33018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space on Hialeah Gardens

      Retail spaces available in new development, delivering Q4 2024.
      7000 Hialeah Gardens Blvd, Hialeah, FL 33018
      View Details
    • Contact for pricing
      14,940 SF

      Hialeah Retail Power Center

      New Development: 14,940 SF Available
      0 97Th Ave, Hialeah, FL 33018
      View Details
    • Contact for pricing

      Retail Space in New Development

      Retail spaces available in Hialeah development near major highways.
      NW 97Th Ave, Hialeah, FL 33018
      View Details
    • Contact for pricing
      1 SF

      Hialeah Gardens Retail Land Opportunity

      9-Acre Commercial Lot, Single Tenant
      0 170Th St, Hialeah, FL 33018
      View Details
    • $0.01 SF/Yr
      26,584 SF

      Hialeah Gardens Retail Space

      Prime 1,260 sqft Retail, High Traffic
      13115 Okeechobee Rd, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing
      2,500 SF

      Hialeah Gardens Mixed-Use Property

      Industrial building with warehouses and retail space available for rent.
      8851 NW 117Th St, Hialeah, FL 33018
      View Details
    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.
    11603 Okeechobee Rd
    Hialeah Gardens, FL 33018-4207
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!