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4640 Palm Ave Hialeah, FL 33012-4036

OFF-MARKET Outlet malls Google Maps
10,446 SF 0.46 ac lot Built 1977
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.46M
Range $2.21M – $2.71M (±10%)
Property ID US18-5757111

Property summary

AI-generated overview

This exceptional opportunity presents a thriving, turnkey laundry business located at 4640 Palm Ave, Hialeah, Florida 33012, in Miami-Dade County. The 1,742 square foot property, built in 1977, boasts a strong, positive cash flow and is offered at an asking price of $340,000. The laundry is exceptionally well-maintained and features all new washing and drying machines, including two coin changing machines, two new commercial heaters, a new gas tank, and plumbing updated in January 2024. Equipment includes 18 dryers, two 60lb washers, eight 40lb washers, four 30lb washers, and five 20lb washers. Currently operating as a wash-and-fold, dry cleaning, self-service, and product sales business, this established laundry has been operating successfully for over 20 years. The sale includes the business name, all machinery and equipment, tables, chairs, workstations, decorations, and inventory. This turnkey operation offers significant growth potential while providing a solid foundation for immediate income generation. Its prime location at the intersection of 46th Street and Palm Avenue in Hialeah ensures high visibility and accessibility. This is a rare opportunity to acquire a profitable, established business with significant upside.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1977
Construction CONCRETE
Total area 10,446 SF
Lot 0.46 ac (20,250 SF)
Zoning code 6500:COMMERCIAL,CLASSIF
APN 04-3106-045-0060
UPID US18-5757111

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.33M
CAP Approach CAP
$2.80M
Comparable Approach Comparable
$2.21M
Blend (final) Blend
$2.46M

Owner & transaction history

since 2021
Last sale
$2.2M
7 recorded transactions
2021
$2.2M
2019
Price N/A
2009
Price N/A
2005
$1.5M
2004
$960,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6500:COMMERCIAL,CLASSIF · Hialeah, FL
Top alternative use upside
Neighborhood: shopping center $3.0M +11.8%
Commercial (general) $2.9M +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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