New search
Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail residential properties
1602 Palm Ave Hialeah, FL 33010-3034
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-8479931
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1953
Construction
CONCRETE
Total area
2,636 SF
Lot
0.15 ac (6,480 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3118-012-1750
UPID
US18-8479931
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
King Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$700k
Owner & transaction history
Jorge O Rodriguez · 1 yrs held
Jorge O Rodriguez
since 2024
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+56.7%
Office building
$1.1M
+54.2%
Auto repair, garage
$955,000
+29.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
MEDICAL BUILDING
$1,160,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$1,140,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$955,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$710,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Sep 3 2024)
Last sale anchor
$700k
Sep 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$266 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,696
Tax year 2023
Assessed value
$428,326
Assessed 2023
Previous assessed
$428,326
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$291,600
Assessed improvement
$136,726
Land market value
$291,600
Improvement market value
$136,726
Total market value
$428,326
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
2,636 SF
Lot
0.15 ac (6,480 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3118-012-1750
UPID
US18-8479931
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$740,000
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
RETAIL STORES
Est. value
$710,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jorge O Rodriguez
Individual
Free & Clear · 1 yrs held
Mailing address
681 NE 2ND PL, HIALEAH, FL 33010-5001
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$700,000
Jorge O Rodriguez
Roberto C Gonzalez
Warranty Deed
—
Dec 30, 2020
—
Rodriguez,j O & Y M Fam Trust
Jorge O Rodriguez
Quit Claim Deed
related
—
Dec 13, 2018
$540,000
Gonzalez,roberto C Trust
Medina,maria
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1602 Palm Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
