5800 Palm Ave, Hialeah

5800 Palm Ave is a 50,786 sq ft Church in Hialeah. It was built in 1954. 5800 Palm Ave sits on 4.53 acres of land. In 2014 similar properties sold for between $4,085,734 and $9,715,362. We estimate the income value of 5800 Palm Ave at $11,322,571. The assumptions we used to calculate this value are include in the spreadsheet linked below. Hialeah is in Miami Dade County, Florida.

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5800 Palm Ave Property Summary

5800 Palm Ave
Hialeah
FL 33012

Property Size:50,786 sq ft
Acreage:4.53
Year Built:1954
Property Class:B3
Lat, Long: 25.875, -80.285

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 5800 Palm Ave, Hialeah, FL 33012
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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 5800 Palm Ave

Market Data

In 2014 class A church properties in Hialeah sold for $191.31 to 818.32 per sq ft with a median price per sq ft of $270.93. Class B properties sold for $80.45 to 191.30 per sq ft with a median of $122.83 and class C properties sold for $20.83 to 80.44 per sq ft with a median of $69.94.

Market Valuation

5800 Palm Ave appears to be a B Class property. Suggested value: $6,238,044

HighMedianLow
Value9,715,362 6,238,044 4,085,734

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $11,322,571. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 5800 Palm Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent83,797
Annual Rent per Sq Ft19.80
Gross Annual Rent1,005,563
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount150,834
Maintenance3,961
HOA, Utilities and CAM0
Property Taxes16,609
Insurance7,389
Management Fees34,189
NOI792,580
Cap Rate7
Estimated Value11,322,571
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Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $32,097. The bottom 10% of the population earn less than $11,141 per year. The top 10% earn more than $89,605 per year. The top 1% earn more than $204,783 per year. Most renters earn between $19,536 (20th percentile) and $32,976 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $64,194 and $80,243.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $888. Most renters earn between $1,628 and $2,748 per month. They typically spend 44% of their monthly income on rent. Most rents fall in the $586 (20th percentile) to $1,171 (80th percentile) range. The residential vacancy rate is 5%.

Links

  1. 5800 Palm Ave, Hialeah, FL on Google Maps
  2. 5800 Palm Ave Walkscore
  3. Hialeah, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Owner Details

Companies at this Address

  1. Principal Address for Iglesia Evangelica Agape, Inc.
  2. Principal Address for North Hialeah Baptist Church, Inc.
  3. Principal Address for Success At Work Inc.
  4. Mailing Address for North Hialeah Baptist Church, Inc.

Companies near this Address

  1. Ghost Box, LLC (75 West 59th St)
  2. Mudejar, Inc (175 West 58 Terrace)
  3. Fedegian Investments LLC (175 W 58 Terr)
  4. La Lutecia Corp (175 W 58 Terrace)
  5. Usa Tropical Inc (23 Se 12 Ave)
  6. Palacio Architecture Inc (145 West 57 Street)
  7. Business Care Solutions Inc (115 West 57 Street)
  8. Federighi Design, Inc. (3423 Regatta Blvd)
  9. Success At Work Inc. (5800 Palm Ave)
  10. Iglesia Evangelica Agape, Inc. (5800 Palm Ave)
  11. North Hialeah Baptist Church, Inc. (5800 Palm Ave)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.