1298 37Th StHialeah, FL 33012

Property Details for 1298 37Th St

Year built

1958

Construction

CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

2,661 SF

Zone code

8600:SPECIAL USE

Property type

Office properties

Property subtype

Office buildings

APN

04-3011-005-0011

APU

430110050011

Description

This exceptional investment opportunity presents a thriving daycare center located at 1298 W 37th Street, Hialeah, Florida, 33012, in Miami-Dade County. Priced at $2,000,900, this special purpose property boasts a spacious facility catering to children from preschool through 2nd grade. The daycare is currently operating at full capacity, with a licensed capacity exceeding 57 children. Its prime location offers convenient access, enhanced by a dedicated driveway for efficient pick-up and drop-off. The property includes six or more classrooms, three playgrounds, and a media room, all equipped with state-of-the-art facilities. The center is further distinguished by its Early Learning Coalition (ELC) program participation, government food program approval, and acceptance of Step Up Scholarships. The daycare is actively pursuing Apple accreditation, demonstrating a commitment to high educational standards. All staff members possess current certifications. High-definition video showcasing the property is available upon request. This turnkey operation offers a significant return on investment with its established reputation, full enrollment, and comprehensive range of programs, including VPK and School Readiness programs. After-school programs further enhance the center's appeal and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $754,460

  6.5%

  $696,424

  7%

  $646,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $375,307

  Geo Method

  $375,307

• Alternative Use

  Use

  Valuation

  Residential

  $863,566

  Hospitality

  $791,022

  Educational

  $658,121

  Medical

  $680,755

  Retail

  $1,023,744

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.855

Longitude

-80.3083

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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