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    Property profile & analytics

    3300 84th St Hialeah, FL 33018-4903

    • Community centers
    • 31,690 SF
    • 3.06 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2025
    $16,000,000
    Value Estimations
    $13,785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2471142
    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

    • JC Medical Office Rehab Center / Medical Clinic
    • Univista Insurance / Insurance Agency
    • Sano Food Hialeah / Restaurant
    • Tune Up Beauty Salon / Nail Salon
    • ChildGardens Behavioral Center / Crisis Center / Medical Clinic

    Property Details for 3300 84th St

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    3.06 lot acres
    Property size
    31,690 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    04-2028-063-0040
    APU
    420280630040

    Description

    This thriving 1,000 square foot restaurant, located at 3300 W 84th St in Hialeah Gardens, Florida (zip code 33018), is a turnkey opportunity priced at $99,000. The property is classified as a Class B retail space and operates as a second-generation restaurant with a fully equipped kitchen. The kitchen features two hoods and a grease trap, all up to code. This established Latin fast-food concept benefits from a strong positive return and readily available financial records. The business enjoys a high-traffic location near the intersection of Hialeah Gardens Boulevard and I-75, providing excellent highway access. The plaza location offers additional advantages with a Publix supermarket and a bank as neighboring businesses. A transferable beer and wine license is included, adding further value. The property also boasts low rent, making this a financially attractive investment. This is a fantastic opportunity for an owner-operator or investor seeking a profitable, established business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,610,000
      6.5%
      $9,795,000
      7%
      $9,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,343,000
      Market price range: $5.11M - $14.7M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $9,095,000
      Current use
      MEDICAL BUILDING
      $13,920,000
      Change: +53% Conversion: Difficult
      OFFICE BUILDING
      $13,700,000
      Change: +51% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,475,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $9,120,000
      Change: +0% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,885,000
      Change: -2% Conversion: Easy
      RETAIL STORES
      $8,600,000
      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
    -80.3499
    Latitude
    25.8974
    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
    $118,202
    $2,132,672
    $6,474,328
    $8,607,000
    -
    $2,132,672
    $6,474,328
    $8,607,000

    Comparable in this City

    • Value Estimation
      $3,935,000
      26,176 SF

      13750 107th Ave

      MINI-MALL • 26,176 SF
      13750 107th Ave, Hialeah Gardens, FL 33018-1276
      View Details
    • Value Estimation
      $12,015,000
      77,040 SF

      7845 Hialeah Gdns Blvd

      MINI-MALL • 77,040 SF
      7845 Hialeah Gdns Blvd, Hialeah, FL 33018
      View Details
    • Value Estimation
      $8,140,000
      56,935 SF

      12501 Okeechobee Rd

      MINI-MALL • 56,935 SF
      12501 Okeechobee Rd, Hialeah Gardens, FL 33018-6005
      View Details
    • Value Estimation
      $14,255,000
      98,574 SF

      3100 76th St

      MINI-MALL • 98,574 SF
      3100 76th St, Hialeah, FL 33018-3803
      View Details
    • Value Estimation by Request
      1,436 SF

      3185 76th St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,436 SF
      3185 76th St, Hialeah, FL 33018-3813
      View Details
    • Value Estimation
      $6,770,000
      26,948 SF

      11850 Hialeah Gdns Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 26,948 SF
      11850 Hialeah Gdns Blvd, Hialeah Gardens, FL 33018-4280
      View Details

    Similar Nearby for Sale

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      Well-established truck/mechanic repair business with equipment, permits, and client base.
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    Similar Nearby for Lease

    • Contact for pricing
      14,940 SF

      Hialeah Retail Power Center

      New Development: 14,940 SF Available
      0 97Th Ave, Hialeah, FL 33018
      View Details
    • Contact for pricing

      Retail Space in New Development

      Retail spaces available in Hialeah development near major highways.
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      View Details
    • Contact for pricing

      Retail Space in Hialeah

      13,000 SF retail space with prominent signage.
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    • Contact for pricing
      1,000 SF

      Retail Space on Hialeah Gardens

      Retail spaces available in new development, delivering Q4 2024.
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    • Contact for pricing
      1 SF

      Hialeah Gardens Retail Land Opportunity

      9-Acre Commercial Lot, Single Tenant
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    • $0.01 SF/Yr
      26,584 SF

      Hialeah Gardens Retail Space

      Prime 1,260 sqft Retail, High Traffic
      13115 Okeechobee Rd, Hialeah Gardens, FL 33018
      View Details
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    Hialeah, FL 33018-4903
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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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