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 2013 similar properties sold for between $2,130,981 and $4,098,430. We estimate the income value of 5800 Palm Ave at $6,732,600. The assumptions we used to calculate this value are include in the spreadsheet linked below. Hialeah is in Miami Dade County, Florida.
5800 Palm Ave Property Summary
5800 Palm Ave
Property Size: 50,786 sq ft
Year Built: 1954
Property Class: B3
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.
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Estimated Value: 5800 Palm Ave
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.
5800 Palm Ave appears to be a B Class property. Suggested value: $3,109,119
High Median Low
Income Valuation - Triple Net Lease
Visulate estimates the income value of this property is
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 Rent 45,877
Annual Rent per Sq Ft 10.84
Gross Annual Rent 550,520
Vacancies and Bad Debt 8%
Vacancies and Bad Debt Amount 44,042
HOA, Utilities and CAM 0
Property Taxes 8,883
Management Fees 20,259
Cap Rate 7
Estimated Value 6,732,600
Edit Values and Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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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
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%.
5800 Palm Ave, Hialeah, FL on Google Maps
5800 Palm Ave Walkscore
Hialeah, FL Property Values on Trulia
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Companies at this Address
Principal Address for
North Hialeah Baptist Church, Inc. Principal Address for
Success At Work Inc. Mailing Address for
North Hialeah Baptist Church, Inc. Companies near this Address
Leonardo Entertainment, Inc.
(114 W 59th St)
Palacio Architecture Inc
(145 West 57 Street)
Business Care Solutions Inc
(115 West 57 Street)
Mileidy Smith Transport Inc.
(79 East 58 Street)
Success At Work Inc.
( 5800 Palm Ave)
North Hialeah Baptist Church, Inc.
( 5800 Palm Ave)
(175 West 58 Terrace)
Fedegian Investments LLC
(175 W 58 Terr)
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.