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    Property profile & analytics

    1665 68th St Hialeah, FL 33014-4400

    • Outlet malls
    • 18,812 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $2,235,000
    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 Bookstore
    • Pelusas Global Associates / Tax Preparation
    • Tattoo the World Studio Inc / Tattoo & Piercing Shop
    • Loteria Dollar Discount / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
    • Hedy's Hair Traffic / Hair Salon / Nail 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
    Property subtype
    Shopping centers
    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

    • CAP approach

    • Comparable approach

    • Alternative Use

    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

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      84,383 SF

      5550 167th St

      WHOLESALE OUTLET, DISCOUNT STORE • 84,383 SF
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    • Value Estimation
      $2,950,000
      16,398 SF

      6690 Eagle Nest Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 16,398 SF
      6690 Eagle Nest Ln, Miami Lakes, FL 33014-2264
      View Details
    • Value Estimation
      $695,000
      4,568 SF

      1140 68th St

      WHOLESALE OUTLET, DISCOUNT STORE • 4,568 SF
      1140 68th St, Hialeah, FL 33014-5153
      View Details
    • Value Estimation
      $5,185,000
      23,142 SF

      1144 68th St

      WHOLESALE OUTLET, DISCOUNT STORE • 23,142 SF
      1144 68th St, Hialeah, FL 33014-5153
      View Details
    • Value Estimation
      $2,840,000
      16,925 SF

      1155 68th St

      WHOLESALE OUTLET, DISCOUNT STORE • 16,925 SF
      1155 68th St, Hialeah, FL 33014-5152
      View Details
    • Value Estimation
      $11,000,000
      42,891 SF

      5360 167th St

      WHOLESALE OUTLET, DISCOUNT STORE • 42,891 SF
      5360 167th St, Miami Lakes, FL 33014-6235
      View Details

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    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
    • $4,500 /Mo

      Miami Lakes Commercial Space Available

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      Corporate Courts Office Space

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      95,941 SF

      Hialeah Warehouse Space Available

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      View Details
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    Hialeah, FL 33014-4400
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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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