Entity Owned Property summary
AI-generated overview
This exceptional single-tenant retail property, located at 1670 Palm Ave in Hialeah, Florida, 33010, presents a unique investment opportunity. The building, encompassing 2,210 square feet, sits on a sizable 6,480 square foot lot, offering ample space and visibility. Its strategic location along Palm Avenue places it within Hialeah's most dynamic mixed-use corridor, ensuring high foot traffic and excellent exposure to potential customers. The property is zoned 6400 and features a single suite, making it ideal for a variety of retail businesses. The base rent is $4,950 per month, with a common area maintenance (CAM) charge of $7.20 per square foot, resulting in a total CAM expense of $1,326.91. The property's APN is 04-31-18-012-1720. This is a fantastic chance to establish a thriving business in a bustling and well-connected area of Hialeah. The property's size and location make it an attractive option for businesses seeking high visibility and accessibility. Don't miss this opportunity to secure a prime retail space in a thriving Hialeah location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
CONCRETE
Total area
2,027 SF
Lot
0.15 ac (6,480 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3118-012-1720
UPID
US19-0483793
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Wine and Liquor Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$440k
Blend (final)
Blend
$720k
Owner & transaction history
since 2024
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Top alternative use upside
Medical building
$890,000
+62.5%
Office building
$875,000
+60.0%
Auto repair, garage
$735,000
+34.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$720k
Value range
$648k – $792k
±10% around blend
Estimated value / SF
$355 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
$648k
blend $720k
$792k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,027 SF
Lot area
0.15 ac
Year built
1955
Stories
1
APN
04-3118-012-1720
Zoning
6400:COMMERCIAL,CENTRAL
Assessed value
$357,084
Annual tax
$6,244
3
Income approach: direct capitalization
Partial preview
Income approach indication
$540k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$585k
@ 6.5% CAP return
$540k
@ 7% CAP return
$505k
4
Sales comparison
Partial preview
Sales approach indication
$1.63M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.2 mi away · 1,969 SF
5.2 mi away · 1,969 SF
6.3 mi away · 2,097 SF
6.4 mi away · 2,515 SF
6.4 mi away · 1,624 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$720k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$270
+31%
Submarket 86 sales
$271
+31%
County 1136 sales
$507
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $355/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+63%
vs current-use indication
Office Building
Auto Repair, Garage
Neighborhood: Shopping Center
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.90%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.90%
9.0%
NOI (est.)
$50k *
Last sale · May 2024
$720k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.03M
Move the market yield to see immediate price impact.
Value / SF
$507
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.40%4.90%5.40%
$45k
$1.03M
$926k
$840k
$50k
$1.15M
$1.03M
$933k
$55k
$1.26M
$1.13M
$1.03M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.65M
5.2 mi · Dec 2025 · $837/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,244
Tax year 2023
Assessed value
$357,084
Assessed 2023
Previous assessed
$357,084
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$291,600
Assessed improvement
$65,484
Land market value
$291,600
Improvement market value
$65,484
Total market value
$357,084
Applied tax rate
400.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,027 SF
Lot
0.15 ac (6,480 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3118-012-1720
UPID
US19-0483793
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6400:COMMERCIAL,CENTRAL
Jurisdiction
Hialeah, FL
Recorded code
6400:COMMERCIAL,CENTRAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6400:COMMERCIAL,CENTRAL in Hialeah, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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