1665 68Th StHialeah, FL 33014

Property Details for 1665 68Th St

Year built

1975

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

18,812 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Retail properties

Property subtype

Outlet malls

APN

04-2026-041-0010

APU

420260410010

Description

This exceptional investment opportunity presents a fully occupied, 13-tenant shopping center in Hialeah, Florida. Boasting 15,749 square feet of net rentable space on a 0.77-acre lot, the property features a 100% occupancy rate, generating a strong NOI of $285,697 and a 6.35% cap rate. The two-story, 1975-built center is situated on a prime commercial corridor with C-3 zoning, offering significant upside potential. The property includes 58 parking spaces plus street parking and a pylon sign. All 13 units are currently leased under a triple net (NNN) lease structure. The asking price is $4,500,000, translating to $266.97 per square foot. Detailed financial information, including the rent roll and proforma income statement, is available upon request. The property's concrete construction and recent 40-year certification add to its value and longevity. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving market. The address is 1665 W 68th St, Hialeah, FL 33014. The property's APN is 0420260410010. The occupancy date is August 7, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $7,840,493

  6.5%

  $7,237,378

  7%

  $6,720,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,686,176

  Geo Method

  $6,686,176

• Alternative Use

  Use

  Valuation

  Residential

  $6,104,999

  Hospitality

  $5,592,146

  Educational

  $4,652,600

  Medical

  $4,812,610

  Retail

  $7,237,378

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.885

Longitude

-80.3163

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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