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Property profile & analytics
FOR LEASE
Community centers
1800 W 68Th St Hialeah, FL 33014
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3815062
For Lease
1 / 2
$17,855,000
1800 W 68Th St, Hialeah, FL 33014
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
CONCRETE
Total area
57,465 SF
Lot
4 ac (174,240 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-2035-001-0181
UPID
US18-3815062
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.85M
CAP Approach
CAP
$17.76M
Comparable Approach
Comparable
$14.11M
Blend (final)
Blend
$17.86M
Owner & transaction history
Regions Bank · 3 yrs held
Regions Bank
since 2022
Last sale
$19.8M
5 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.2M
+53.0%
Auto repair, garage
$20.8M
+26.2%
Office building
$17.8M
+7.7%
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
$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
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
Blend value · Realmo final
$17.86M
Range $16.07M – $19.64M · ±10% · vs last sale $19.75M (Aug 15 2022)
Last sale anchor
$19.75M
Aug 15 2022
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
$311 / 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
$159,379
Tax year 2023
Assessed value
$9,100,000
Assessed 2023
Previous assessed
$9,100,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$6,098,400
Assessed improvement
$3,001,600
Land market value
$6,098,400
Improvement market value
$3,001,600
Total market value
$9,100,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
57,465 SF
Lot
4 ac (174,240 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-2035-001-0181
UPID
US18-3815062
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$25.2M
AUTO REPAIR, GARAGE
Est. value
$20.8M
OFFICE BUILDING
Est. value
$17.8M
COMMERCIAL (GENERAL)
Est. value
$16.1M
RETAIL STORES
Est. value
$15.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
Regions Bank
Entity
Free & Clear · 3 yrs held
Mailing address
3162 COMMODORE PLZ STE 2C, MIAMI, FL 33133-5815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Regions Bank
Lsg1 El Paraiso LLC
Lease
—
Aug 15, 2022
$19,750,000
Lsg1 El Paraiso LLC
Elcanar INC
Special Warranty Deed
—
Nov 18, 2000
$5,750,000
Elcanar INC
Gratigny Corp
Grant Deed
$3,900,000 · Grutoka S A
May 1, 1997
$5,500,000
Gratigny Corp
El Canario Products INC
Grant Deed
$2,500,000 · Ocean Bank
—
—
Cid Leopoldo
—
Deed Of Trust
related
$67,465 · Avco Financial Svcs Florida
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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