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    5701 183rd St Hialeah, FL 33015-6022
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    Property profile & analytics

    5701 183rd St, Hialeah, FL 33015-6022

    View on Map
    • Outlet malls
    • 19,113 SF
    • 2.08 lot acres
    Off-Market
    Property ID
    US18-3829051
    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
    $2,985,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx OnSite / Postal Service / Courier Service
    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 5701 183rd St

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    2.08 lot acres
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    30-2012-031-0010
    APU
    3020120310010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 6, 2017 — Hialeah Westland 57wg LLC — Deed · related $24.9M · City Nat'l Bk/fl
    Aug 7, 2015 $5,912,500 Hialeah Westland 57wg LLC Wg Hialeah LLC Warranty Deed —
    Jan 28, 2014 $4,850,000 Wg Hialeah LLC Camellia Ptshp Ventures LLC Grant Deed —
    Dec 6, 2013 $14,500 Camellia Ptshp Ventures LLC Bermuda Co Grant Deed —
    Nov 6, 2013 $3,000,000 Camellia Ptshp Ventures LLC Co,bermuda Grant Deed —
    Nov 3, 2003 $50,000 Azalea Plaza Ltd Lllp Mgcp INC Grant Deed —
    — — Hialeah Westland 57wg LLC — Deed Of Trust · related $24.9M · City Nat'l Bk/fl

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2946
    Latitude
    25.9399
    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
    $67,716
    $2,356,536
    $1,793,464
    $4,150,000
    -
    $2,356,536
    $1,793,464
    $4,150,000

    Comparable in this City

    • Value Estimation
      $26,915,000
      237,299 SF

      5851 177th St

      WHOLESALE OUTLET, DISCOUNT STORE
      5851 177th St, Hialeah, FL 33015-5127
      View Details
    • Value Estimation
      $1,430,000
      7,538 SF

      5751 183rd St

      WHOLESALE OUTLET, DISCOUNT STORE
      5751 183rd St, Hialeah, FL 33015-6022
      View Details
    • Value Estimation
      $1,520,000
      8,317 SF

      18421 67th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      18421 67th Ave, Hialeah, FL 33015-3413
      View Details
    • Value Estimation
      $13,745,000
      118,951 SF

      17250 57th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      17250 57th Ave, Hialeah, FL 33015-5100
      View Details
    • Value Estimation
      $11,765,000
      84,013 SF

      18600 67th Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      18600 67th Ave, Hialeah, FL 33015-2406
      View Details
    • Value Estimation
      $4,530,000
      34,899 SF

      18505 75th Pl

      WHOLESALE OUTLET, DISCOUNT STORE
      18505 75th Pl, Hialeah, FL 33015-2981
      View Details

    Similar Nearby for Sale

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      Hialeah Storefront: Prime Retail Space

      Turnkey Beauty Salon; High Traffic Location
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Miami Gardens

      Grocery-anchored shopping center under construction, opening 1st Qtr 2027.
      87Th Ave, Miami Gardens, FL 33015
      View Details
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      2,730 SF

      High-Traffic Retail Center Space

      Retail space in a popular, high-traffic shopping center.
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      2,207 SF

      Retail Space in Hialeah, FL

      Retail space available in Hialeah with strong tenant mix.
      16709-16927 NW 67Th Ave, Hialeah, FL 33015
      View Details
    • Contact for pricing
      4,740 SF

      Restaurant Space with Drive-Thru Lanes

      4,740 SF restaurant space with three drive-thru lanes.
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    • Contact for pricing

      Retail Space on Red Road

      Retail space with high visibility and ample parking.
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    • Contact for pricing

      Dry Clean Drop Store

      Second generation dry clean drop store available for rent.
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    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.2k
    • Avg Time on site
      24 min
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    Hialeah, FL 33015-6022
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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.

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