887 Okeechobee RdHialeah, FL 33010

Property Details for 887 Okeechobee Rd

Year built

1952

Construction

CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

6,345 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

04-3120-010-0370

APU

431200100370

Description

This exceptional Hialeah storefront presents a lucrative investment opportunity. Located at 887 E Okeechobee Rd, this 6,345-square-foot retail property sits on an 11,472-square-foot lot in Miami-Dade County, Florida (zip code 33010). Built in 1952 and renovated in 2013, the property boasts C-2 zoning. Currently operating as a successful marine supply business, it offers significant growth potential. The business has demonstrated consistent profitability, with gross profit margins exceeding 25% and revenue growth from $3.5 million in 2017 to $4.8 million in 2023. The asking price is $5,900,000. This turnkey operation includes substantial inventory and presents opportunities for expansion through online sales, product diversification, and strategic partnerships. The property's prime location and strong financial performance make it an attractive investment for discerning buyers seeking a high-return opportunity in a thriving market. This is a rare chance to acquire both a profitable business and a valuable real estate asset.

• CAP approach

  CAP return

  Valuation

  6%

  $2,644,478

  6.5%

  $2,441,057

  7%

  $2,266,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,255,145

  Geo Method

  $2,255,145

• Alternative Use

  Use

  Valuation

  Residential

  $2,059,123

  Hospitality

  $1,886,146

  Educational

  $1,569,251

  Medical

  $1,623,220

  Retail

  $2,441,057

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8101

Longitude

-80.2629

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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