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    The Largest CRE Database in the US with Over 1 Million Listings

    17890 NW 29 Ct Miami Gardens, FL 33056

    Sponsored
    For Sale
    $6,000,000

    Industrial - Miami Gardens, FL

    Type:Industrial
    Days on Market:
    26
    Last Refresh:
    Feb 2 at 9:06 pm

    Property Features for 17890 NW 29 Ct

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    6800
    APN
    34-21-09-002-1071

    Building Details

    Year built
    1954
    Architectural style
    Other

    We can help!

    Listing Contact
    Menachem Fellig

    Compass Florida LLC (305) 851-2820

    Listing agent Menachem Fellig (305) 851-2820 License #3291623

    Listing date Jan 8, 2026

    MLS# A11940659 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Warehouse in Miami Gardens

    Located in Miami Gardens, the property at 17890 NW 29th Court offers a commercial warehouse facility discreetly situated within a residential neighborhood, while maintaining proximity to Miami Gardens Drive. The property benefits from accessibility, with convenient access to the Florida Turnpike, I 95, the Palmetto Expressway, and the Golden Glades Interchange. The building completed its 40 Year Certification in 2017 and has been substantially updated. The facility is equipped with heavy power, featuring a three phase 600 amp electrical system. Construction consists of a concrete slab foundation and concrete block structure, with impact windows installed throughout and zoned air conditioning. The warehouse offers three roll up overhead doors with 14 foot clearance and 16 foot clear ceiling heights. The property includes 6 bathrooms in total, with two serving the warehouse floor. Office improvements include 3 high end private offices, a conference area, and an open bullpen workspace. The upstairs office is built out with a full luxury bathroom including a shower. The office located on the warehouse level has been professionally soundproofed. A break room with a full kitchen is also provided. Exterior features include ample parking, a secured yard, exterior lighting, and additional secured outdoor storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Self-Storage at U-Haul, Miami Garden storage, CubeSmart Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2457
    Latitude
    25.9489

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    FAQs

    What type of property is this?
    Warehouse - Commercial warehouse with heavy power, updated features, and excellent accessibility.
    Where is this warehouse located?
    The property is located at 17890 NW 29 Ct Miami Gardens, FL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - Excellent accessibility to major highways including Florida Turnpike, I-95, Palmetto Expressway, Golden Glades Interchange.; - Heavy power: Features a three-phase 600 amp electrical system.; - Warehouse features three roll-up overhead doors (14 ft clearance) and 16 ft clear ceiling heights.
    (305) 632-8803
    Request Owner's contact information
    17890 NW 29 Ct Miami Gardens, FL 33056
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    Miami Gardens, FL 33056
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17890 NW 29 Ct Miami Gardens, FL 33056
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    We can help!
    Listing Contact
    Menachem Fellig
    Real Estate License ID: 3291623
    (305) 632-8803
    Learn more
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