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Property profile & analytics

951 Palm Ave Hialeah, FL 33010-4016

  • Outlet malls
  • 6,871 SF
  • 0.31 lot acres
OFF-MARKET
Last Sale
Nov 30, 2020
$1,420,000
Value Estimations
$1,915,000
Show details
Cap Rate Potential
6.2%
Outlet malls
Location Intelligence
Property ID
US18-2296048
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

  • Laundry Inc / Laundromat
  • D & B ATM / Atm

Property Details for 951 Palm Ave

Year built
1955
Construction
CONCRETE
Lot size
0.31 lot acres
Property size
6,871 SF
Zone code
6400:COMMERCIAL,CENTRAL
Property type
Outlet malls
APN
04-3118-003-0010
APU
431180030010

Description

This exceptional 1600-square-foot retail space, located at 951 Palm Ave #951, presents a unique investment opportunity. Currently configured as a recently closed laundry facility, the property requires build-out to suit a new tenant's needs. The zoning designation is 6400. The property's Assessed Parcel Number (APN) is 04-31-18-003-0010. This single-tenant space offers significant potential for a variety of uses, with the landlord expressing a preference for a restaurant or food service establishment. The existing laundry facility equipment and business are also available for purchase separately, offering a potential turnkey operation for the right buyer. The property's asking price is $280,000. This prime location on Palm Avenue provides excellent visibility and accessibility, making it an ideal spot for a thriving business. The space is ready for a complete renovation to create a modern and functional layout tailored to the needs of a new tenant. Serious inquiries are encouraged to explore this exciting opportunity to establish a successful business in a high-traffic area. The property is zoned for a variety of uses, providing flexibility for potential tenants. This is a rare chance to acquire a well-situated retail space with significant upside potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,920,000
    ML approach
    $1,935,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,990,000
    6.5%
    $1,840,000
    7%
    $1,705,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,927,000
    Market price range: $1.34M - $2.50M

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


Location Insight

  • Map
  • Local Demand
City
Hialeah
County
Miami-dade
State
Florida
Longitude
-80.2814
Latitude
25.8306
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
$25,666
$607,500
$956,500
$1,564,000
-
$607,500
$956,500
$1,564,000
More about this property
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