8865 Nw 114 St is a 1,214 sq ft Single Family in Hialeah Gardens. It was built in 1987. 8865 Nw 114 St sits on 0.06 acres of land. In 2014 similar properties sold for between $126,989 and $192,928. We estimate the income value of 8865 Nw 114 St at $92,214. The assumptions we used to calculate this value are include in the spreadsheet linked below. Hialeah Gardens is in Miami Dade County, Florida.

8865 Nw 114 St Property Summary

8865 Nw 114 St
Hialeah Gardens
FL 33018

Property Size:1,214 sq ft
Acreage:0.06
Year Built:1987
Property Class:B4
Lat, Long: 25.877, -80.343

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.

Estimated Value: 8865 Nw 114 St

Market Data

In 2014 class A single family properties in Hialeah Gardens sold for $149.14 to 297.54 per sq ft with a median price per sq ft of $166.52. Class B properties sold for $98.16 to 149.13 per sq ft with a median of $125.00 and class C properties sold for $10.66 to 98.15 per sq ft with a median of $87.23.

Market Valuation

8865 Nw 114 St appears to be a B Class property. Suggested value: $161,711

HighMedianLow
Value192,928 161,711 126,989

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $92,214. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 8865 Nw 114 St:

  • The Household Income estimate assumes the tenant has a total household income of $61,057 and spends 36% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $1,832
Household Income - Renters $1,278
Market Rents $1,211
Price/Ft $1,200

Expense Estimates:

  • Census data records show 7% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 8865 Nw 114 St. 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.

Amount
Monthly Rent1,211
Annual Rent per Sq Ft12.00
Gross Annual Rent14,533
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,744
Maintenance631
HOA, Utilities and CAM0
Property Taxes3,115
Insurance1,135
Management Fees1,453
NOI6,455
Cap Rate7
Estimated Value92,214
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

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 $55,358. The bottom 10% of the population earn less than $17,870 per year. The top 10% earn more than $130,256 per year. The top 1% earn more than $382,868 per year. Most renters earn between $34,188 (20th percentile) and $55,368 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $110,716 and $138,395.

The tax assessed value of this property places it in percentile 55 of all properties in this area. This suggests it would appeal to someone earning around $61,057 per year who should qualify for a mortgage between $122,114 and $152,643.

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 $1,202. Most renters earn between $2,849 and $4,614 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $958 (20th percentile) to $1,602 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 55 of all properties in this area. This corresponds to a rent of $1,248 per month and a monthly household income of $3,670 ($44,040 per year)

Links

  1. 8865 Nw 114 St, Hialeah Gardens, FL on Zillow
  2. Recent Sales near 8865 Nw 114 St, Hialeah Gardens, FL on Realtor.com
  3. 8865 Nw 114 St, Hialeah Gardens, FL on Google Maps
  4. 8865 Nw 114 St Walkscore
  5. Hialeah Gardens, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Jm Cargo Logistics, Inc. (8810 Nw 114 Terr)
  2. Hydrodry Restoration Corp (8865 Nw 114 St)
  3. Ylm Auto Transport Inc. (8837 Nw 114th St)
  4. D'Best Pool Service, Inc. (8814 Nw 113 St)
  5. Lyd Logistics, Inc. (8807 Nw 113 St)
  6. Na Consulting Services, LLC. (3592 W 88th Ter)
  7. J.T.G Carpentry Inc (3558 W 88th St)
  8. Met & D Corp (3578 West 88th Ter)
  9. Venusa Export LLC (3588 W 88th Ter)
  10. Pilito & Cuadredo, LLC (3552 W 88 Terrace)
  11. Green Phase Investment Corp (3548 W 88th St)
  12. A R Produce Corporation (3548 W 88th St)
  13. Imonsa1, LLC (3532 W 88th Ter)
  14. Optisan, Corp. (3547 W 88 St)
  15. M&F Real Estate Investment LLC (3553 W 88 St)
  16. Habitat 0890 LLC (3530 W 88 Ter)
  17. Santcco Services LLC (3586 W 88th Ter)
  18. Ruocco Investments Group, Inc. (3586 W 88th Ter)
  19. Almed, LLC (3540 W 88th Ter)
  20. Rat Enterprises, LLC (3546 W 88th St)
  21. Helmica Investment LLC (3553 W 88th St)
  22. Investments Leguis Corp (3530 West 88 Terr)
  23. Alliance Farm LLC (3442 W 88th St)
  24. Ennovant LLC (3550 W 88th Ter)
  25. Gforce Aerospace Group LLC (3430 W 88th St)
  26. Jil3 Inc (3520 W 88th St)
  27. Phone Site, LLC (3502 W 88 Terrace)
  28. Jm & Jm Unlimited Corporation (11428 Nw 89 Ave)
  29. Sarvic Services, Inc (11404 Nw 89th Ave)
  30. I & D Service Group LLC (9328 Nw 114th Ter)
  31. The Kudos Group, Corp (9328 Nw 114th Ter)
  32. Clickbait Media LLC (9577 Nw 114th Ln)
  33. Netsy Car Computer LLC (9549 Nw 114 Ln)
  34. Ferro Nursing Co (9581 Nw 114 Ave)
  35. High Level Service " Inc" (9378 Nw 114 Terrace)
  36. K &S Services Health,Inc (9318 Nw 114 Terr)
  37. Yme Aero Services Inc (9396 Nw 114th Ter)
  38. Juke Construction Contractor & Rest LLC (9302 Nw 114th Ter)
  39. Line Blue Trucking Inc (9438 Nw 114 Terr)
  40. Lj Software Inc. (9454 Nw 114th Ter)
  41. Get A Grip 123 LLC (9326 Nw 114 Terrace)
  42. Yellow Star Logistics Corp (9414 Nw 114th Ter)
  43. F & S Florida Group, LLC (8876 Nw 114 Terrace)
  44. Zapirain Enterprise Corp (8837 Nw 114 St)
  45. Jp Accounting Services, LLC (8838 Nw 114 Terrace)
  46. Mr. Magoo Auto Transport LLC (8809 Nw 114 St)
  47. Oliva Pavers Enterprise Corp. (8809 Nw 114 St)
  48. Lath & Plastic Component Services, LLC. (8900 Nw 114 Ter)
  49. Elex Art Group Inc (11459 Nw 89 Ct)
  50. Therapy Services Crh, Inc (11449 Nw 89 Ct)
  51. Travel Para Todos, LLC (11439 Nw 89 Court)
  52. Aj Tile And Marble Desing Corp (3407 W 89 Terrace)
  53. Sebiche Argentino, Inc. (3351 W 89th Ter)
  54. Alarcon Real Estate LLC (3307 W 89th Ter)
  55. Racotrade, Inc. (3437 W 89 Terrace)
  56. Rr Elite Management Corp. (3457 W 89 Terr)
  57. Opera Rocher, LLC (3447 W 89th Ter)
  58. Urban Fokus Inc (3447 W 89th Ter)
  59. Bauerlund LLC (3381 W 89 Terrace)
  60. Polaris Freight, Corp. (3339 West 89 Terrace)
  61. B & P Real Estate Group, LLC (3381 W 89th Ter)
  62. A.M.L. Global Corp (3395 W 89th Ter)
  63. Empire Express Transport Services Corp (3355 W 89 Terr)
  64. V.R Executive Group Air Services Corp. (3345 West 89 Terrace)
  65. Obbar Incorporated (11422 Nw 89 Ave)
  66. Miavictoria Sales Corp (11438 Nw 89 Ave)
  67. Rubio Acosta Trucking Inc (8856 Nw 115 St)
  68. Manolo Concrete & Pumping, Inc. (8813 Nw 115 St)
  69. Llvs Services Inc (8819 Nw 115 St)
  70. Msc Trading Group LLC (8948 Nw 113 Street)
  71. Msc Trading Holding LLC (8948 Nw 113 Street)
  72. Clarisa Unisex #3, Corp. (8935 Nw 113 Street)
  73. Rainfruit, Corp (8903 Nw 114 St)
  74. Leiva Rn Services, Inc. (8903 Nw 114th St)
  75. Snakxpress Co (8898 Nw 114th St)
  76. Nationwide Pet Supplies LLC (8888 Nw 114 St)
  77. Date Palms Nursery, LLC (8888 Nw 113 St)
  78. Couture Your Party, Inc (8859 Nw 113 St)
  79. Professional Crown Moulding Inc (8858 Nw 113 St)
  80. Casper Mechanic Services, Inc (11413 Nw 89 Court)
  81. Jorge Morales Inc (8837 Nw 115th St)
  82. Cjs Professional Search Services Inc. (9334 Nw 114 Terrace)
  83. P. A. R. Express, Inc. (11470 Nw 89 Avenue)
  84. Hair Legacy Inc. (9579 Nw 114 Lane)
  85. Luz D' Luna Hair Studio, LLC (9338 Nw 114 Terrace)
  86. J.L.R. Seafood Handling, Inc. (9414 Nw 114 Terrace)
  87. Sasha Trucking, Corp. (9425 Nw 114th Ln)

Sales History

DateSold BySold ToDeed TypePrice
05/01/2013 Not Recorded Buyer: 9359083 Unknown 100.00
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.