5800 Palm Ave, Hialeah

Usage

Church

Address:

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
Welcome to Visulate

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 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

HighMedianLow
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.

Amount
Monthly Rent45,877
Annual Rent per Sq Ft10.84
Gross Annual Rent550,520
Vacancies and Bad Debt8%
Vacancies and Bad Debt Amount44,042
Maintenance2,113
HOA, Utilities and CAM0
Property Taxes8,883
Insurance3,941
Management Fees20,259
NOI471,282
Cap Rate7
Estimated Value6,732,600
Edit Values and Estimate Cashflow Estimate Cashflow
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Miami Dade County, Florida
[Property Appraiser] [Tax Record]
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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 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%.

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 North Hialeah Baptist Church, Inc.
  2. Principal Address for Success At Work Inc.
  3. Mailing Address for North Hialeah Baptist Church, Inc.

Companies near this Address

  1. Leonardo Entertainment, Inc. (114 W 59th St)
  2. Palacio Architecture Inc (145 West 57 Street)
  3. Business Care Solutions Inc (115 West 57 Street)
  4. Mileidy Smith Transport Inc. (79 East 58 Street)
  5. Success At Work Inc. (5800 Palm Ave)
  6. North Hialeah Baptist Church, Inc. (5800 Palm Ave)
  7. Mudejar, Inc (175 West 58 Terrace)
  8. 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.

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.