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For Sale
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4690 Palm Ave, Hialeah, FL 33012
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Property summary
AI-generated overview
This exceptional 7,535 square foot retail space is available for lease at 4690 Palm Avenue. Located on the second floor, this single-tenant property offers a fantastic opportunity for businesses seeking a high-visibility location. The building is zoned 6500, and the property's APN is 04-31-06-045-0050. Benefit from an average daily traffic count of approximately 21,000 vehicles, ensuring significant exposure to potential customers. The property's prime location makes it ideal for a variety of retail businesses seeking to establish a strong presence in a busy area. This single-suite building presents a unique opportunity to secure a substantial retail space in a high-traffic location. The property's size and visibility make it an attractive option for businesses looking to expand or establish a new location. The convenient location and high traffic volume offer excellent potential for increased sales and brand recognition. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity. Further details regarding lease terms and conditions are available upon request. Don't miss out on this chance to secure a prime retail space in a high-traffic area.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1958
Construction
CONCRETE
Total area
9,062 SF
Lot
0.36 ac (15,525 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-3106-045-0050
UPID
US18-2376605
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$1.89M
Owner & transaction history
since 2018
4 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Top alternative use upside
Neighborhood: shopping center
$2.6M
+2.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.89M
Value range
$1.70M – $2.07M
±10% around blend
Estimated value / SF
$208 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$1.70M
blend $1.89M
$2.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,062 SF
Lot area
0.36 ac
Year built
1958
Stories
2
APN
04-3106-045-0050
Zoning
6500:COMMERCIAL,CLASSIF
Assessed value
$1,313,071
Annual tax
$20,551
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.91M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.06M
@ 6.5% CAP return
$1.91M
@ 7% CAP return
$1.77M
4
Sales comparison
Partial preview
Sales approach indication
$2.75M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
22.1 mi away · 8,379 SF
24.7 mi away · 7,445 SF
24.8 mi away · 11,609 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.89M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 34 sales
$280
-26%
County 734 sales
$674
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $208/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+2%
vs current-use indication
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.31M
Move the market yield to see immediate price impact.
Value / SF
$145
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$83k
$1.65M
$1.18M
$919k
$92k
$1.84M
$1.31M
$1.02M
$101k
$2.02M
$1.44M
$1.12M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$2.40M
6.6 mi · Apr 2026 · $293/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,551
Tax year 2023
Assessed value
$1,313,071
Assessed 2023
Previous assessed
$900,000
+45.9% YoY
Effective rate
1.57%
On assessed value
Assessed land
$931,500
Assessed improvement
$381,571
Land market value
$931,500
Improvement market value
$381,571
Total market value
$1,313,071
Applied tax rate
400.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
9,062 SF
Lot
0.36 ac (15,525 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-3106-045-0050
UPID
US18-2376605
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FLZoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6500:COMMERCIAL,CLASSIF
Jurisdiction
Hialeah, FL
Recorded code
6500:COMMERCIAL,CLASSIF
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6500:COMMERCIAL,CLASSIF in Hialeah, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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