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Property profile & analytics
OFF-MARKET Estimated value $890,000
Banks

2899 4th Ave Hialeah, FL 33010-1303

14,524 SF 1.93 ac lot Built 1981
Individually Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US19-0847167
Property summary
AI-generated overview

The Shoppes at Red Road presents a unique opportunity for retail and restaurant businesses seeking a prime location in Hialeah, Miami-Dade County. This Class A, single-story retail center offers 15,000 square feet of space, with three available units ranging from 1,200 to 3,600 contiguous square feet. A total of 3,600 square feet is currently vacant and immediately available. The center is strategically situated in a highly populated area of Miami, surrounded by dense residential neighborhoods, ensuring a strong customer base. This underserved market is in high demand for Class A retail spaces. The property boasts excellent visibility and accessibility, with high traffic counts averaging 59,700 vehicles daily at the nearby intersection of W 29th Street and W 4th Avenue. Ample parking is available for customers and employees. Signage opportunities are also available, providing excellent brand visibility. The projected completion date for this new development is Q3 2023. This is an exceptional opportunity to establish or expand your business in a thriving and rapidly growing community.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction CONCRETE
Total area 14,524 SF
Lot 1.93 ac (84,071 SF)
Zoning code 7300:INDUSTRIAL,HVY MFG
APN 04-3107-006-2500
UPID US19-0847167
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
  • AT&T Store Mobile Phone Store Electronics & Wireless Store
  • Regions Bank Bank Loan Service
  • Western Union Bank Credit Union
  • ATM (Regions Bank) Atm
  • Regions Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$890k
Owner & transaction history
Achikam Yogev · 16 yrs held
Achikam Yogev
since 2009
7 recorded transactions
2020
Price N/A
2017
Price N/A
2009
$675,000
2009
Price N/A
2008
Price N/A
2008
Price N/A
2006
$610,500
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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