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    4440 16th Ave Hialeah, FL 33012-7821
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    Property profile & analytics

    4440 16th Ave, Hialeah, FL 33012-7821

    View on Map
    • Office buildings
    • 12,237 SF
    • 0.51 lot acres
    Off-Market
    Last Sale Apr 9, 2025
    $6,500,000
    Property ID
    US18-6185833
    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
    $5,280,000
    Show details
    Cap Rate Potential
    4.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Pasteur Medical Hialeah West / Medical Clinic

    Property Details for 4440 16th Ave

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.51 lot acres
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    04-3002-090-0010
    APU
    430020900010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 9, 2025 $6,500,000 De Paz Holdings LLC Linkpoint 4440 West LLC Warranty Deed —
    Mar 9, 2022 — Linkpoint 4440 West LLC — Deed · related $10k · Firstbank Puerto Rico
    Sep 10, 2019 $4,700,000 Linkpoint 4440 West LLC Orion Sm LLC Warranty Deed $3.1M · Banesco USA
    Jan 28, 2019 — Orion Sm LLC — Deed · related $1.5M · Inversora Multinacional Ca
    Aug 15, 2017 $2,025,000 Orion Sm LLC Regions Bk Grant Deed —
    Jun 7, 2010 $1,500,000 Regions Bk United States Of America Grant Deed —
    — — Orion Sm LLC — Deed Of Trust · related $1.5M · Inversora Multinacional Ca

    Description

    This exceptional two-story, Class A medical office building, totaling 11,705 net rentable square feet, is situated on a 22,367 square foot lot in Hialeah, Florida (33012). Built in 1985 and extensively renovated in 2020 with a significant investment, this fully built-out facility boasts modern medical finishes throughout. The thoughtfully designed floor plan includes multiple exam rooms, private offices, a spacious waiting room, a reception area, a staff break room, and ADA-compliant restrooms. State-of-the-art infrastructure includes a fully equipped lab, medical-grade plumbing, advanced electrical systems, and specialized lighting. The property offers ample on-site parking and is conveniently located near the Palmetto Expressway (SR 826), providing easy access for patients and staff. Its prime location near Hialeah's main retail hub on W 49th St, surrounded by hospitals, clinics, and pharmacies, makes it ideal for physicians, healthcare providers, clinics, outpatient services, or medical specialists. The property is zoned C-2 for Medical/Professional Office use and features a single unit within one building. The asking price is $7,600,000. The property is offered for sale as an owner/user opportunity and has an occupancy date of January 30, 2025. The Miami-Dade County property (APN: 04-3002-090-0010) is held in fee simple.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,400,000
      ML approach
      $4,980,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,200,000
      6.5%
      $3,875,000
      7%
      $3,600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,412,000
      Market price range: $1.38M - $6.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3151
    Latitude
    25.8622
    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
    $78,268
    $581,542
    $3,588,458
    $4,170,000
    -
    $581,542
    $3,588,458
    $4,170,000

    Comparable in this City

    • Value Estimation by Request
      561 SF

      4445 16th Ave Ste, Unit 605

      OFFICE BUILDING (MULTI-STORY)
      4445 16th Ave Ste, Hialeah, FL 33012-2961
      View Details
    • Value Estimation
      $1,815,000
      5,921 SF

      290 49th St

      PROFESSIONAL BUILDING
      290 49th St, Hialeah, FL 33012-3763
      View Details
    • Value Estimation by Request
      266 SF

      900 49th St Ste, Unit 317

      OFFICE BUILDING (MULTI-STORY)
      900 49th St Ste, Hialeah, FL 33012-3435
      View Details
    • Value Estimation by Request
      100 SF

      900 49th St Ste, Unit 524

      OFFICE BUILDING (MULTI-STORY)
      900 49th St Ste, Hialeah, FL 33012-3488
      View Details
    • Value Estimation by Request
      152 SF

      900 49th St Ste, Unit 538

      OFFICE BUILDING (MULTI-STORY)
      900 49th St Ste, Hialeah, FL 33012-3442
      View Details
    • Value Estimation by Request
      139 SF

      900 49th St Ste, Unit 544

      OFFICE BUILDING (MULTI-STORY)
      900 49th St Ste, Hialeah, FL 33012-3442
      View Details

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      Freestanding Medical Office Building

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    Similar Nearby for Lease

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      Hialeah Office Space For Lease

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      Hialeah Medical Office Space

      Medical office space in high-traffic Hialeah location.
      21 W 49Th St, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Versatile Retail Space on Palm

      Adaptable 2,500 SF retail space with high exposure.
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      Freestanding Medical Building For Rent

      Freestanding medical building with private parking and high visibility.
      99 W 49Th St, Hialeah, FL 33012
      View Details
    • Contact for pricing
      1,422 SF

      Hialeah Medical/Professional Office Space

      Centrally located office space suitable for medical or professional use.
      3700-3750 W 16Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing
      2,232 SF

      Hialeah Office Space For Rent

      2,232 SF office space with on-site parking.
      20 W 49Th St, Hialeah, FL 33012
      View Details
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    Hialeah, FL 33012-7821
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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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