Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4890 2nd Ln Hialeah, FL 33012-4363
    Back to Search
    Property profile & analytics

    4890 2nd Ln, Hialeah, FL 33012-4363

    View on Map
    • Office buildings
    • 1,384 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Sep 6, 2024
    $850,000
    Property ID
    US18-5466805
    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
    $815,000
    Show details
    Cap Rate Potential
    3.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Hying Dumpster / General Contractor / Waste Management Facility
    • Pure Roofing / Roofing Company / General Contractor
    • Benessere Miami (Hialeah office) / Medical Clinic / Alternative Medicine Practice

    Property Details for 4890 2nd Ln

    Year built
    1953
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Zone code
    4800:PLANNED RESID OFFICE
    Property type
    Office buildings
    APN
    04-3106-062-0150
    APU
    431060620150

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2025 — 48902 Florida Land Trust 4890 W 2nd Lne Florida Land Trust Quitclaim Deed · related —
    Dec 6, 2024 $850,000 Moleiros Corp Benessere LLC Warranty Deed —
    Sep 27, 2022 $800,000 Benessere LLC V & L Investment Group INC Warranty Deed $720k · V&l Investment Group INC
    Oct 22, 2019 $300,000 V & L Investment Group INC 4890 West 2nd Lane LLC Warranty Deed —
    May 16, 2007 — 4890 West 2nd Lane LLC Oyarzun,miguel A Quit Claim Deed · related —
    Dec 8, 1998 — Miguel A Oyarzun Oyarzun,miguel A & Paula Quit Claim Deed · related $39k · Individual
    — — M Oyarzun — Deed Of Trust · related $100k · Pedro Caparros
    — — Miguel A Oyarzun — Deed Of Trust · related $140k · Irma A Hernandez

    Description

    This 1,375 square foot medical office building in Hialeah, Florida, is offered for sale at $975,000. Built in 1953 and situated on a lot with unspecified square footage, the property boasts five exam rooms, a break room, and a full bathroom. Recent renovations include new flooring, baseboards, paint, doors, and a washer and dryer. A significant upgrade was the installation of a 5-ton Trane AC unit in 2022. All updates adhere to Hialeah city codes, encompassing termite fumigation, electrical improvements, a new trash enclosure, landscaping enhancements, and an asphalt parking area with handicap accessibility. The property enjoys a highly advantageous location on a main road with a daily traffic count of 41,500 vehicles. Zoned RO-Planned Residential Office, the building is ideally suited for a wide range of professional services, including medical practices, legal offices, and various other business types operating within an office setting. This turnkey opportunity presents a ready-to-occupy space for immediate operation, eliminating the need for extensive renovations or upgrades. The property's prime location and recent improvements make it an attractive investment for those seeking a well-maintained and functional office space in a high-traffic area. The address is 4890 W 2nd Lane, Hialeah, FL 33012.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $730,000
      ML approach
      $835,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $603,000
      Market price range: $156k - $741k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2882
    Latitude
    25.8665
    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
    $10,698
    $356,160
    $213,840
    $570,000
    -
    $356,160
    $213,840
    $570,000

    Comparable in this City

    • Value Estimation
      $1,955,000
      8,872 SF

      4999 8th Ave

      PROFESSIONAL BUILDING
      4999 8th Ave, Hialeah, FL 33012-3409
      View Details
    • 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 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

    Similar Nearby for Sale

    • Contact for pricing
      1,305 SF

      Hialeah Industrial Condo For Sale

      Industrial condo with 20' clear height and mezzanine.
      1670 W 39Th Pl, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Freestanding Medical Office Building

      2006 SF medical office on West 49th Street corridor.
      99 W 49Th St, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Hialeah Commercial/Industrial Condo Warehouse

      Versatile condo warehouse in Hialeah's bustling shopping center.
      204-3960 W 16Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Professional Services Office Building

      Move-in ready office space with reception and private offices.
      4445 W 16Th Ave, Hialeah, FL 33012
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      17,816 SF

      Hialeah Office Space For Lease

      Large Office, Prime Hialeah Location
      4646 4Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing
      1,717 SF

      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.
      4658 Palm Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Freestanding Medical Building For Rent

      Freestanding medical building with private parking and high visibility.
      99 W 49Th St, Hialeah, FL 33012
      View Details
    • $2 SF/Yr
      17,816 SF

      Hialeah Office/Retail Space For Lease

      Prime Hialeah location, 17,816 sq ft.
      4646 4Th Ave, Hialeah, FL 33012
      View Details
    • Contact for pricing

      Hialeah Office/Warehouse Combination For Rent

      Office/warehouse combination for rent in a centrally located Hialeah property.
      1651 W 37Th St, Hialeah, FL 33012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4890 2nd Ln
    Hialeah, FL 33012-4363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4890 2nd Ln, Hialeah, FL, 33012
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!