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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,000
Gas stations
6800 24th Ave Hialeah, FL 33016-6572
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3090114
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1998
Construction
CONCRETE
Total area
8,449 SF
Lot
1.12 ac (48,749 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-2027-083-0010
UPID
US18-3090114
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$4.22M
Owner & transaction history
Tropic Oil Company LLC · 4 yrs held
Tropic Oil Company LLC
since 2022
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · 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 Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah 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
$4,190,000
ML approach
$4,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$6,420,000
Current use
RESTAURANT
$6,310,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±10% · vs last sale $4.00M (Jan 11 2022)
Last sale anchor
$4.00M
Jan 11 2022
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
$499 / 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
$27,715
Tax year 2023
Assessed value
$1,476,643
Assessed 2023
Previous assessed
$1,482,619
-0.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$877,482
Assessed improvement
$599,161
Land market value
$877,482
Improvement market value
$599,161
Total market value
$1,476,643
Applied tax rate
400.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,449 SF
Lot
1.12 ac (48,749 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-2027-083-0010
UPID
US18-3090114
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$6.4M
RESTAURANT
Est. value
$6.3M
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
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
1998
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Tropic Oil Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9970 NW 89TH CT, MEDLEY, FL 33178-1478
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
$4,000,000
Tropic Oil Company LLC
Hialeah Service Station LLC
Special Warranty Deed
—
Jul 10, 2018
$4,606,700
Hialeah Service Station LLC
7 Eleven INC
Special Warranty Deed
$17,739,500 · Ocean Bank
Nov 13, 2015
$1,738,000
7-eleven INC
Biscayne Petroleum LLC
Grant Deed
—
Nov 9, 2012
$3,000,000
Biscayne Petroleum LLC
7-eleven INC
Grant Deed
$2,400,000 · Ocean Bank
Jun 1, 2011
$2,152,000
7-eleven INC
Biscayne Petroleum LLC
Grant Deed
—
May 31, 2011
$2,152,000
Biscayne Petroleum LLC
Exxonmobil Oil Corp
Grant Deed
—
Dec 19, 1997
$1,245,000
Mobil Oil Corp
Ferro,mario & Elena
Grant Deed
—
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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