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    3368 Palm Ave Hialeah, FL 33012

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    3368 Palm Ave Hialeah, FL 33012

    View on Map
    • Outlet malls
    • 11,153 SF
    • 0.51 lot acres
    For Lease
    $1,900,000
    View Listing →
    Hialeah Stand Alone Retail Building For Lease
    $1,900,000
    10,000 SF

    Hialeah Stand Alone Retail Building

    Stand alone building in Hialeah, renovated in 2015.

    3368 Palm Ave, Hialeah, FL
    View Listing
    Property ID
    US18-3772907
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazon Locker - Malvolio / Courier Service / Postal Service
    • Dollar Tree / Discount Store

    Property Details for 3368 Palm Ave

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.51 lot acres
    Property size
    11,153 SF
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    04-3106-011-0020
    APU
    431060110020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,865,000
      Current use
      COMMERCIAL (GENERAL)
      $3,125,000
      Change: +9% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2829
    Latitude
    25.8527
    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
    $37,538
    $1,343,700
    $1,335,300
    $2,679,000
    -
    $1,343,700
    $1,335,300
    $2,679,000

    Comparable in this City

    • Value Estimation
      $4,045,000
      33,520 SF

      2900 12th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 33,520 SF
      2900 12th Ave, Hialeah, FL 33012-4860
      View Details
    • Value Estimation
      $2,940,000
      19,363 SF

      3816 16th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 19,363 SF
      3816 16th Ave, Hialeah, FL 33012-7040
      View Details
    • Value Estimation
      $5,355,000
      39,527 SF

      5916 16th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 39,527 SF
      5916 16th Ave, Hialeah, FL 33012-6814
      View Details
    • Value Estimation
      $1,220,000
      7,339 SF

      153 29th St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,339 SF
      153 29th St, Hialeah, FL 33012-5703
      View Details
    • Value Estimation
      $4,410,000
      34,034 SF

      1570 43rd Pl

      WHOLESALE OUTLET, DISCOUNT STORE • 34,034 SF
      1570 43rd Pl, Hialeah, FL 33012-7682
      View Details
    • Value Estimation by Request
      1,804 SF

      100 49th St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,804 SF
      100 49th St, Hialeah, FL 33012-3712
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1974 W 60th St, Hialeah, FL 33012

      Retail space
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      Hialeah Business Opportunity For Sale

      Turnkey business opportunity in a high-demand Hialeah location.
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      Income Producing Beauty Salon

      Well-established, fully-equipped unisex salon in busy shopping center.
      2979 W 12Th Ave, Hialeah, FL 33012
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    • $100,000

      Established Toy Business Opportunity

      Profitable toy business for sale in a busy shopping plaza.
      Hialeah, FL 33012
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    • $395,000

      Established Car Wash Business Opportunity

      Well-established hand car wash business since 1989 in Hialeah.
      5390 W 12Th Ave, Hialeah, FL 33012
      View Details
    • New
      $175,000

      Established Mini Market in Hialeah

      Turnkey mini market business opportunity in a residential Hialeah area.
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    Similar Nearby for Lease

    • Contact for pricing
      5,600 SF

      Retail Strip on 29th Street

      24,000 SF retail strip conveniently located on 29th Street.
      700-740 W 29Th St, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Retail Space in Hialeah Plaza

      Retail space for lease in Hialeah, anchored by national tenants.
      4410 W 16Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Hialeah Retail Power Center ForRent

      Power center anchored by Planet Fitness, Dd's Discount, and Burlington.
      3595 W 20Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing
      946 SF

      Hialeah Retail Power Center

      Retail space available in a well-located Hialeah power center.
      3520-3890 W 18Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing
      10,000 SF

      Hialeah Stand Alone Retail Building

      Stand alone building in Hialeah, renovated in 2015.
      3368 Palm Ave, Hialeah, FL 33012
      View Details
    • $23 SF/Yr

      Hialeah Retail Space on Palm

      8,000 SF space ideal for various commercial uses.
      4658 Palm Ave, Hialeah, FL 33012
      View Details
    View Listing
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    Hialeah, FL 33012
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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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