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Property profile & analytics
OFF-MARKET
Estimated value
$7,870,000
Grocery and convenience stores
400 49th St Hialeah, FL 33012-3603
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3122121
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Construction
CONCRETE
Total area
61,121 SF
Lot
4.18 ac (182,046 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3001-018-0010
UPID
US18-3122121
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
-
Walmart Pharmacy Pharmacy
-
Walmart Money Center Bank Credit Union
-
Walmart Deli Food Market Restaurant
-
MECANICO CAMION Y CARRO Auto Repair Shop
-
Hialeah Concrete Pros Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.87M
Owner & transaction history
Mall On Mile LLC · 23 yrs held
Mall On Mile LLC
since 2002
6 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$129 / 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
$132,436
Tax year 2023
Assessed value
$9,024,300
Assessed 2023
Previous assessed
$9,024,300
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$4,005,012
Assessed improvement
$5,019,288
Land market value
$4,005,012
Improvement market value
$5,019,288
Total market value
$9,024,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
61,121 SF
Lot
4.18 ac (182,046 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3001-018-0010
UPID
US18-3122121
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.
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.18 ac
Current owner
From public records · entity-resolved
Mall On Mile LLC
Entity
Mailing address
40 CUTTERMILL RD STE #206, GREAT NECK, NY 11021-3213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2002
—
Mall On Mile LLC
Palm Springs Mile Assoc Ltd
Trustees Deed
$27,000,000 · Credit Lyonnais New York
Nov 30, 2000
$952,500
Fp Florida LLC
Palm Springs Mile Associates
Grant Deed
—
—
—
Palm Springs Mile Associates
—
Deed Of Trust
related
$62,596 · Prudential Securities Credit
—
—
Palm Springs Mile Associates
—
Deed Of Trust
related
$775,000 · Prudential Securities Group
—
—
Palm Springs Mile Assocs Ltd
—
Deed Of Trust
related
$24,923,326 · Cibc INC
—
—
Palm Springs Mile Assocs Ltd
—
Loan Modification
related
$140,000,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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