4821 W 4 Ave

Ownership and recorded sale history

What has actually traded in Central Hialeah / West 49th

Recorded transactions for office properties in the West 29th and West 49th Street corridor along Palm Avenue, narrowed to the buildings closest to this one in size and age.

Reading this against the corridor

The county assesses this building at $557/SF. Recorded sales of office properties in Central Hialeah / West 49th since 2021 have a median of $540/SF, across a range of $270/SF to $994/SF.

Across those 8 recorded sales, the median sale price came in at 1.27× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

By footprint it sits in roughly the 31th percentile of office properties that have traded in this corridor — 11 of the 16 recorded sales were of larger buildings.

The assessment works out 3% above the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

The lot runs 7.5× the building footprint — 7,800 SF of land under 1,042 SF of structure. Ratios that wide are usually where expansion or redevelopment questions start.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage