Property profile

250 9th St Hialeah, FL 33010

OFF-MARKET
Commercial land
Property ID
US18-1617139
0.15 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional development opportunity presents a prime 13,500 square foot double lot in Hialeah, Florida, with approved plans for an 18-unit multifamily building. The property, located at 250 E 9th St, Hialeah, FL 33010, is situated in a highly desirable area of Miami-Dade County. The approved plans allow for the construction of a four-story building, boasting a total of 18 units, ranging in size from a comfortable 733 square feet to a spacious 1,115 square feet. This represents a significant investment opportunity in a rapidly growing market. The property is offered at an asking price of $1,900,000. The project is ready to commence construction, offering a streamlined path to completion. The property's location within Hialeah ensures strong rental demand and potential for significant return on investment. This is a rare chance to acquire a fully permitted development site in a prime location, ready for immediate construction. The property's two parcels are identified by folios 04-3118-006-0780 and 04-3118-006-0790. Don't miss this chance to capitalize on this lucrative development opportunity. The building is slated for completion in 2024.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.15 ac (6,750 SF)
Zoning code 6401:COMMERCIAL
APN 04-3118-006-0780
UPID US18-1617139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

250 9th St Hialeah, FL 33010-4214
Hialeah metro Census 1606 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M

Owner & transaction history

since 2024
Last sale
$1.2M
7 recorded transactions
2024
$1.2M
2022
$825,000
2015
$332,500
2001
$100,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6401:COMMERCIAL · Hialeah, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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