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    Property profile & analytics

    6800 24th Ave Hialeah, FL 33016-6572

    • Gas stations
    • 8,449 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2022
    $4,000,000
    Value Estimations
    $4,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3090114
    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.

    Current Use by Public Records

    • Marathon - Convenience Store / Grocery & Convenience Store
    • On The Run - Convenience Store / Grocery & Convenience Store
    • Hi Tech Lube 2 / Auto Repair Shop
    • LibertyX Bitcoin ATM / Atm
    • Biscayne Petroleum Llc / Gas Company

    Property Details for 6800 24th Ave

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    1.12 lot acres
    Property size
    8,449 SF
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Gas stations
    APN
    04-2027-083-0010
    APU
    420270830010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,190,000
      ML approach
      $4,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,325,000
      Market price range: $3.77M - $10.2M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $6,420,000
      Current use
      RESTAURANT
      $6,310,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3321
    Latitude
    25.8848
    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
    $27,715
    $877,482
    $599,161
    $1,476,643
    -
    $877,482
    $599,161
    $1,476,643

    Comparable in this City

    • Value Estimation by Request
      5,881 SF

      2795 79th St

      SERVICE STATION (FULL SERVICE) • 5,881 SF
      2795 79th St, Hialeah, FL 33016-2768
      View Details
    • Value Estimation by Request
      8,064 SF

      9203 77th Ave

      SERVICE STATION (FULL SERVICE) • 8,064 SF
      9203 77th Ave, Hialeah Gardens, FL 33016-2506
      View Details
    • Value Estimation by Request
      8,152 SF

      8314 103rd St

      SERVICE STATION (FULL SERVICE) • 8,152 SF
      8314 103rd St, Hialeah Gardens, FL 33016-4629
      View Details
    • Value Estimation by Request
      7,680 SF

      2230 68th St

      SERVICE STATION (FULL SERVICE) • 7,680 SF
      2230 68th St, Hialeah, FL 33016-1886
      View Details
    • Value Estimation
      $635,000
      10,882 SF

      2390 76th St

      SERVICE STATION WITH FOOD MART • 10,882 SF
      2390 76th St, Hialeah, FL 33016-1905
      View Details
    • Value Estimation by Request
      42 SF

      7700 103rd St

      SERVICE STATION (FULL SERVICE) • 42 SF
      7700 103rd St, Hialeah Gardens, FL 33016
      View Details

    Similar Nearby for Sale

    • $380,000

      Automotive Repair and Race Facility

      Established automotive repair and race car preparation facility for sale.
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    • $30,000

      Hialeah Barbershop Business Opportunity

      First-floor barbershop with 5 chairs, waiting area, and drink station.
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    • $49,000

      Hialeah Pizzeria Business Opportunity

      Pizzeria with wholesale license and seating for 35 available.
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    • $90,000

      Hialeah Retail Business Opportunity

      Turnkey beauty business with retail and suites in Hialeah.
      7801 NW 95Th Ct, Hialeah Gardens, FL 33016
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    • $800,000

      Hialeah Manufacturing Business For Sale

      Profitable, turnkey operation; $1.2M annual sales.
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    Similar Nearby for Lease

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      Hialeah Gardens Medical Office Space

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    • $0.45 SF/Yr
      68,334 SF

      Hialeah Gardens Shopping Cente

      Retail properties
      10550 77 Ct, Hialeah Gardens, FL 33016
      View Details
    • New
      $2,400 /Mo

      Hialeah Gardens Versatile Retail/Office Space

      First-floor 550 sq ft unit ideal for retail/office use.
      10550 NW 77Th Ct, Hialeah Gardens, FL 33016
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    • Contact for pricing
      3,000 SF

      Retail Building in Hialeah Gardens

      New construction retail space available for rent in Hialeah.
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    Property Visit Statistics

    • Visits by month
      19.8k
    • Visitors by month
      13.6k
    • Avg Time on site
      14 min
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    Hialeah, FL 33016-6572
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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.

    More about this property
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