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Property profile & analytics
FOR LEASE
Community centers
6400 NW 186Th St Miami Gardens, FL 33015
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2898563
For Lease
1 / 4
$14,420,000
6400 NW 186Th St, Miami Gardens, FL 33015
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Property summary
AI-generated overview
Vista Center, located at 6400 NW 186th St, Hialeah, FL 33015 (cross streets: NW 186th St & NW 67th Ave), offers 91,076 square feet of retail and restaurant space. This multi-tenant property currently has 11 suites, with 10,469 square feet of vacant space available for lease. Units range from a minimum of 885 square feet to a maximum contiguous space of 3,026 square feet, providing flexibility for various business needs. The property is zoned BU-1A and situated in the Hialeah submarket, within the Miami Lakes submarket cluster of Miami-Dade County. The building does not have elevators. This location presents a compelling opportunity for businesses seeking high-visibility retail space in a thriving area. The property's strategic location and diverse unit sizes make it ideal for a range of retail concepts. Interested parties are encouraged to inquire about available spaces and lease terms. This is a fantastic opportunity to establish or expand your business in a dynamic and accessible location.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Construction
CONCRETE
Total area
84,840 SF
Lot
7.76 ac (338,069 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-2012-013-0010
UPID
US18-2898563
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vista Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.42M
Owner & transaction history
Breit Vista Center Owner LLC · 7 yrs held
Breit Vista Center Owner LLC
since 2018
3 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,785,000
Change: -2% · Conversion: Easy
RETAIL STORES
$23,025,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$14.42M
Range $12.98M – $15.86M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$303,563
Tax year 2023
Assessed value
$17,800,000
Assessed 2023
Previous assessed
$17,800,000
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$10,142,070
Assessed improvement
$7,657,930
Land market value
$10,142,070
Improvement market value
$7,657,930
Total market value
$17,800,000
Applied tax rate
3,000.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
84,840 SF
Lot
7.76 ac (338,069 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-2012-013-0010
UPID
US18-2898563
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Hialeah, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$23.8M
RETAIL STORES
Est. value
$23.0M
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
7.76 ac
Current owner
From public records · entity-resolved
Breit Vista Center Owner LLC
Entity
Mailing address
10920 VIA FRONTERA STE #220, SAN DIEGO, CA 92127-1734
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
Breit Vista Center Owner LLC
—
Grant Deed
related
$20,250,000 · Morgan Stanley Bk
Aug 28, 2018
$34,500,000
Breit Vista Center Owner LLC
Vista Associates Ltd
Grant Deed
—
—
—
Vista Associates Ltd
—
Deed Of Trust
related
$4,370,531 · J P Morgan Chase Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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