5800 Palm Ave, Hialeah




5800 Palm Ave
FL 33012

Property Size:50,786 sq ft
Year Built:1954
Property Class:B3

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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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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  1. 5800 Palm Ave, Hialeah, FL on Google Maps
  2. Hialeah, FL Property Values on Trulia
  3. Demographic Data for Zipcode 33012 from City-Data.com
  4. Hialeah Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 33012 Zipcode

Owner Details

Companies at this Address

  1. Principal Address for North Hialeah Baptist Church, Inc.
  2. Mailing Address for North Hialeah Baptist Church, Inc.

Companies near this Address

  1. Palacio Architecture Inc (145 West 57 Street)
  2. Business Care Solutions Inc (115 West 57 Street)
  3. Fedegian Investments LLC (175 W 58 Terr)
  4. Mudejar, Inc (175 West 58 Terrace)

Miami-Dade County Real Estate - Hialeah


Hialeah is the sixth largest city in Florida in terms of population and is located in Miami Dade County. In terms of population, Hialeah is the densest American city not to feature a skyscraper. 95% of Hialeah's population is Hispanic. The second largest Spanish television network, Telemundo, is headquartered in Hialeah. Top employers for Hialeah County are Hialeah Hospital, Palmetto General Hospital, Best Buy, Starbucks, and CVS Pharmacy.

Hialeah is in South East Florida. It's population as recorded in the 2010 Census was 224,669.

The median age for residents of Hialeah is 42.2. Around 38.3% of Hialeah households include school aged children and 41.6% of households include individuals aged 65 years or over. Census records indicate 92.6% of the Hialeah population are White, 2.6% are Black or African American, .1% American Indian, .3% Asian and 1.5% are Two or more Races. Hialeah has a significant Hispanic population. 94.7% (212,805) of Hialeah residents are of Hispanic or Latino origin. Of these .85% are of Mexican origin, 2.36% Puerto Rican, 77.4% Cuban and 19.37% are of other Hispanic or Latino origin.

There are 74,067 housing units in Hialeah. 2,862 (3.8%) of these were reported as vacant in the 2010 Census. There are 36,569 residential rental units in Hialeah. 35,190 of them were occupied in 2010 providing a residential rental vacancy rate of 3.6%.

Hialeah links:

Nearby Cities

Local Household Income

The median household income in this part of Florida is $33,805. The bottom 10% of the population earn less than $11,620 per year. The top 10% earn more than $91,486 per year. The top 1% earn more than $237,063 per year. Most renters earn between $19,740 (20th percentile) and $34,008 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $863. Most renters earn between $1,645 and $2,834 per month. They typically spend 43% of their monthly income on rent. Most rents fall in the $574 (20th percentile) to $1,151 (80th percentile) range. The residential vacancy rate is 6%.

Estimated Value: 5800 Palm Ave

Market Data

In 2013 class A church properties in Hialeah sold for $80.71 to 402.54 per sq ft with a median price per sq ft of $171.57. Class B properties sold for $41.96 to 80.70 per sq ft with a median of $61.22 and class C properties sold for $21.64 to 41.95 per sq ft with a median of $36.06.

Market Valuation

5800 Palm Ave appears to be a B Class property. Suggested value: $3,109,119

Value4,098,430 3,109,119 2,130,981

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $6,732,600. 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.

Monthly Rent45,877
Annual Rent per Sq Ft10.84
Gross Annual Rent550,520
Vacancies and Bad Debt8%
Vacancies and Bad Debt Amount44,042
HOA, Utilities and CAM0
Property Taxes8,883
Management Fees20,259
Cap Rate7
Estimated Value6,732,600
Edit Values and Estimate Cashflow Estimate Cashflow
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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.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

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.