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    Property profile & analytics

    1800 W 68Th St Hialeah, FL 33014

    • Community centers
    • 57,465 SF
    • 4.00 lot acres
    For Lease
    View listing
    Last Sale
    Aug 15, 2022
    $19,750,000
    Value Estimations
    $17,855,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3815062
    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

    • Yelena Rodriguez Jewelry Enterprise / (Bike/Boat/Book/etc) Store
    • Dental Office of Dr. Michael Franco / Dental Office
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Framen Insurance Agency, Inc. / Insurance Agency
    • Don IGNACIO / Take-out & Catering

    Property Details for 1800 W 68Th St

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    4.00 lot acres
    Property size
    57,465 SF
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Community centers
    APN
    04-2035-001-0181
    APU
    420350010181

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,905,000
      ML approach
      $10,850,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $19,240,000
      6.5%
      $17,760,000
      7%
      $16,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,107,000
      Market price range: $9.27M - $26.7M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $16,495,000
      Current use
      MEDICAL BUILDING
      $25,235,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $20,810,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $17,760,000
      Change: +8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $16,110,000
      Change: -2% Conversion: Easy
      RETAIL STORES
      $15,595,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3205
    Latitude
    25.8833
    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
    $159,379
    $6,098,400
    $3,001,600
    $9,100,000
    -
    $6,098,400
    $3,001,600
    $9,100,000

    Comparable in this City

    • Value Estimation
      $900,000
      11,348 SF

      6101 Miami Lks E Dr

      MINI-MALL • 11,348 SF
      6101 Miami Lks E Dr, Miami Lakes, FL 33014-2407
      View Details
    • Value Estimation
      $1,305,000
      4,165 SF

      16100 57th Ave

      MINI-MALL • 4,165 SF
      16100 57th Ave, Miami Lakes, FL 33014-6715
      View Details
    • Value Estimation
      $3,610,000
      11,039 SF

      7301 Miami Lks Dr

      MINI-MALL • 11,039 SF
      7301 Miami Lks Dr, Miami Lakes, FL 33014-6903
      View Details
    • Value Estimation
      $5,600,000
      25,636 SF

      1550 84th St

      MINI-MALL • 25,636 SF
      1550 84th St, Hialeah, FL 33014-3377
      View Details
    • Value Estimation
      $1,840,000
      11,130 SF

      6905 4th Ave

      MINI-MALL • 11,130 SF
      6905 4th Ave, Hialeah, FL 33014-5339
      View Details
    • Value Estimation
      $1,590,000
      4,725 SF

      16200 57th Ave

      MINI-MALL • 4,725 SF
      16200 57th Ave, Miami Lakes, FL 33014-6714
      View Details

    Similar Nearby for Sale

    • $120,000

      Established Perfume Store For Sale

      Turnkey perfume store with loyal customer base in prime location.
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    • $250,000

      Active Body Shop For Sale

      Turnkey body shop business opportunity in Hialeah, Florida.
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    • $300,000

      Wholesale Kitchen Equipment Business Opportunity

      Turnkey wholesale kitchen equipment business in Miami Gardens, vast inventory.
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      Miami Lakes Mixed-Use Investment

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

      Hialeah Retail Business Opportunity

      Profitable Banquet Hall, Turnkey Sale
      784 84 St, Miami Lakes, FL 33014
      View Details
    • $450,000

      Prime Miami Dry Cleaning Business

      Established, multi-location dry cleaning operation
      0 3-Location Dry Cleaning Business, 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
    • $4,500 /Mo

      Miami Lakes Commercial Space Available

      Versatile 2,011 SF commercial space in Miami Lakes.
      4796 NW 167Th St, Miami Lakes, 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
    • $2,500 /Mo

      Apartment for Rent in Miami

      Apartment in Miami Lakes with golf course view.
      7400 Miami Lakes Dr, Hialeah, FL 33014
      View Details
    • $3,750 /Mo

      Hialeah Office Space Available

      1,350 SF office space suitable for various professional uses.
      960 W 84Th St, Hialeah, FL 33014
      View Details
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    Hialeah, FL 33014
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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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