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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail residential properties
2400 Palm Ave Hialeah, FL 33010-1721
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3427782
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1957
Construction
CONCRETE
Total area
3,703 SF
Lot
0.44 ac (19,250 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3107-003-1030
UPID
US18-3427782
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
-
B L Liquor Inc (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
K Power Services Inc Hardware & Home Improvement General Contractor
-
Albertos Seat Covers Auto Repair Shop
-
Bitstop Bitcoin ATM Atm
-
S & S Lawn Mower & Small Eng General Contractor Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$769k
Blend (final)
Blend
$665k
Owner & transaction history
Garcia Estate Group LLC · 2 yrs held
Garcia Estate Group LLC
since 2024
3 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+2.4%
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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$780,000
7%
$720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,040,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,065,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$180 / 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
$18,124
Tax year 2023
Assessed value
$1,136,937
Assessed 2023
Previous assessed
$791,421
+43.7% YoY
Effective rate
1.59%
On assessed value
Assessed land
$962,500
Assessed improvement
$174,437
Land market value
$962,500
Improvement market value
$174,437
Total market value
$1,136,937
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,703 SF
Lot
0.44 ac (19,250 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3107-003-1030
UPID
US18-3427782
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Garcia Estate Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8120 NW 166TH ST, MIAMI LAKES, FL 33016-3498
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Garcia Estate Group LLC
Nancy C Gonzalez
Quit Claim Deed
related
—
Aug 31, 2016
—
Maria J Garcia
Garcia,maria J
Quit Claim Deed
related
—
Aug 8, 2011
—
Maria J Garcia
Casa Rockola INC
Quit Claim Deed
related
—
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.
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