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    Property profile & analytics

    901 10Th Ave Hialeah, FL 33010

    • Community centers
    • 184,103 SF
    • 18.68 lot acres
    For Lease
    View listing
    Value Estimations
    $1,150,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9947512
    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

    • Jessie Trice Community Health Center / Medical Clinic
    • Hope Research Network / Research Institute
    • Norori Freddy J MD / Family Practice Physician
    • Vivian I. Chona, ARNP / Doctor
    • New York Thrift Store / Thrift Store

    Property Details for 901 10Th Ave

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    18.68 lot acres
    Property size
    184,103 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Community centers
    APN
    04-3117-000-0160
    APU
    431170000160

    Description

    Flamingo Plaza, located at 901 E 10th Ave, Hialeah, FL 33010, presents a significant retail opportunity. This multi-tenant property boasts a total of 256,227 square feet, with 10,500 square feet currently available for lease. Situated in Miami-Dade County, at the intersection of E 9th Street and E 10th Avenue, the plaza enjoys a prime location adjacent to the Leah Arts District, ensuring high visibility and foot traffic. The property offers ample parking with 877 spaces, providing convenient access for customers and employees. The building's classification is retail, with multiple units available, making it ideal for a variety of businesses. This is a unique chance to secure a substantial retail space in a thriving area of Hialeah, benefiting from its strategic location and substantial parking provisions. The available 10,500 square feet presents a blank canvas for a new tenant to establish a strong presence in a bustling commercial district. The property's size and location make it an attractive investment for businesses seeking to expand or establish themselves in a high-traffic area with excellent visibility. Interested parties are encouraged to inquire further to explore this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hialeah
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2604
    Latitude
    25.8327
    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
    $451,447
    $20,342,700
    $9,066,300
    $29,409,000
    -
    $20,342,700
    $9,066,300
    $29,409,000

    Comparable in this City

    • Value Estimation
      $840,000
      29,864 SF

      925 8th Ave

      MINI-MALL • 29,864 SF
      925 8th Ave, Hialeah, FL 33010-3701
      View Details
    • Value Estimation
      $510,000
      8,544 SF

      32 5th St

      MINI-MALL • 8,544 SF
      32 5th St, Hialeah, FL 33010-4842
      View Details
    • Value Estimation
      $810,000
      55,795 SF

      741 9th St

      MINI-MALL • 55,795 SF
      741 9th St, Hialeah, FL 33010-4553
      View Details
    • Value Estimation
      $490,000
      5,910 SF

      82 8th St

      MINI-MALL • 5,910 SF
      82 8th St, Hialeah, FL 33010
      View Details
    • Value Estimation
      $435,000
      2,579 SF

      805 10th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,579 SF
      805 10th Ave, Hialeah, FL 33010-4645
      View Details
    • Value Estimation
      $360,000
      9,667 SF

      68 9th St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,667 SF
      68 9th St, Hialeah, FL 33010-4013
      View Details

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      Turn Key Retail Showroom

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    • $125,000

      Hialeah Pizzeria Restaurant - $125K

      Turnkey Pizzeria in High-Traffic Hialeah Location
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    Similar Nearby for Lease

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      Hialeah Drive Mixed-Use Retail

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      Hialeah Retail Property: Prime Location

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      256,227 SF

      Hialeah Retail Plaza - Prime Location

      10,500 SF Available, High Traffic Area
      901 10Th Ave, Hialeah, FL 33010
      View Details
    • $18 SF/Yr
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      Hialeah Drive Retail Space

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      Hialeah Retail Space: Palm Ave.

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      Hialeah Retail Condo - Prime Location

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      128 Hialeah Dr, Hialeah, FL 33010
      View Details
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    Hialeah, FL 33010
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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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