Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1665 68th St Hialeah, FL 33014-4400

    • Outlet malls
    • 18,812 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9340941
    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

    • Botanica mamá ñiñi / Religious Goods Store
    • Pelusas Global Associates / Tax Preparation Service
    • Tattoo the World Studio Inc / Tattoo Shop
    • Loteria Dollar Discount / Lottery Retailer
    • Hedy's Hair Traffic / Beauty Salon / Hair Salon

    Property Details for 1665 68th St

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    0.77 lot acres
    Property size
    18,812 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Outlet malls
    APN
    04-2026-041-0010
    APU
    420260410010

    Description

    This exceptional investment opportunity presents a fully occupied, 13-tenant shopping center in Hialeah, Florida. Boasting 15,749 square feet of net rentable space on a 0.77-acre lot, the property features a 100% occupancy rate, generating a strong NOI of $285,697 and a 6.35% cap rate. The two-story, 1975-built center is situated on a prime commercial corridor with C-3 zoning, offering significant upside potential. The property includes 58 parking spaces plus street parking and a pylon sign. All 13 units are currently leased under a triple net (NNN) lease structure. The asking price is $4,500,000, translating to $266.97 per square foot. Detailed financial information, including the rent roll and proforma income statement, is available upon request. The property's concrete construction and recent 40-year certification add to its value and longevity. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving market. The address is 1665 W 68th St, Hialeah, FL 33014. The property's APN is 0420260410010. The occupancy date is August 7, 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $310,000
      Market price range: $256k - $963k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3163
    Latitude
    25.885
    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
    $36,961
    $1,170,330
    $829,670
    $2,000,000
    -
    $1,170,330
    $829,670
    $2,000,000

    Comparable in this City

    • Value Estimation
      $475,000
      35,520 SF

      1275 68th St

      WHOLESALE OUTLET, DISCOUNT STORE • 35,520 SF
      1275 68th St, Hialeah, FL 33014-4523
      View Details
    • Value Estimation
      $1,035,000
      61,548 SF

      16101 57th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 61,548 SF
      16101 57th Ave, Miami Lakes, FL 33014-6707
      View Details
    • Value Estimation
      $340,000
      2,241 SF

      7190 12th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,241 SF
      7190 12th Ave, Hialeah, FL 33014-4617
      View Details
    • Value Estimation
      $545,000
      8,076 SF

      6905 12th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,076 SF
      6905 12th Ave, Hialeah, FL 33014-5117
      View Details
    • Value Estimation
      $495,000
      12,409 SF

      1135 68th St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,409 SF
      1135 68th St, Hialeah, FL 33014-5152
      View Details
    • Value Estimation
      $315,000
      4,118 SF

      6985 12th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,118 SF
      6985 12th Ave, Hialeah, FL 33014-5104
      View Details

    Similar Nearby for Sale

    • $250,000

      Active Body Shop For Sale

      Turnkey body shop business opportunity in Hialeah, Florida.
      Body Shop Business For Sale, Hialeah, FL 33014
      View Details
    • $1,050,000

      Miami Lakes Mixed-Use Investment

      Prime Location, High-Value Potential
      6161 Miami Lk Dr, Miami Lakes, FL 33014
      View Details
    • $899,000

      Hialeah Retail Business Opportunity

      Profitable Banquet Hall, Turnkey Sale
      784 84 St, Miami Lakes, FL 33014
      View Details
    • $300,000

      Wholesale Kitchen Equipment Business Opportunity

      Turnkey wholesale kitchen equipment business in Miami Gardens, vast inventory.
      5395 NW 165Th St, Hialeah, FL 33014
      View Details
    • $2,000,000

      Restaurant & Lounge For Sale

      Miami restaurant and lounge in a prime location for sale.
      7755 W 4Th Ave, Hialeah, FL 33014
      View Details
    • Contact for pricing

      Warehouse with Showroom/Office Space

      45,409 SF warehouse with showroom/office and highway frontage.
      7215 W 20Th Ave, Hialeah, FL 33014
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,616 SF

      Retail Space For Lease

      Retail spaces available in Hialeah, Florida, with high visibility.
      1800 W 68Th St, Hialeah, FL 33014
      View Details
    • $24 SF/Yr

      Hialeah Warehouse/Showroom/Office For Lease

      Two-story, mixed-use building near Amelia District, Hialeah. Under renovation.
      7550 W 2Nd Ct, Hialeah, FL 33014
      View Details
    • Contact for pricing

      Hialeah Executive Office Suite

      Prime Hialeah location, remodeled office suite.
      1710 68Th St, Hialeah, FL 33014
      View Details
    • $16 SF/Yr
      77,309 SF

      Miami Gardens Warehouse Space

      Prime Miami Gardens industrial warehouse
      15900-15998 48 Ave, Miami Gardens, FL 33014
      View Details
    • Contact for pricing
      95,941 SF

      Hialeah Warehouse Space Available

      95,941 SF warehouse space for lease in Hialeah.
      16175 NW 49Th Ave, Hialeah, FL 33014
      View Details
    • Contact for pricing
      27,000 SF

      Hialeah Industrial Property for Rent

      65,648 SF industrial property on 3.03 acres available.
      16260 NW 49Th Ave, Hialeah, FL 33014
      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.
    1665 68th St
    Hialeah, FL 33014-4400
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.