Property profile

7070 35th Ave Miami, FL 33147

OFF-MARKET
Other warehouses
Property ID
US18-2807748
21,700 SF 0.7 ac lot Built 1959
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A ±14,356 SF warehouse is located in Miami’s Airport East Industrial corridor on NW 35th Avenue and NW 71st Street. The facility includes a small office area with two offices and a breakroom, plus three restrooms. Warehouse clear height is 15 feet, with heavy electrical service rated at 480V/1200 Amp. The warehouse is equipped with three dock positions and one concrete forklift ramp, and sits on a gated lot. The property is positioned for access to Miami International Airport and Port Miami and is near major thoroughfares including the 112 Expy, I-95, and Okeechobee Road.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Construction CONCRETE
Total area 21,700 SF
Lot 0.7 ac (30,386 SF)
Zoning code 7300:INDUSTRIAL,HVY MFG
APN 30-3116-010-0030
UPID US18-2807748

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

7070 35th Ave Miami, FL 33147-6624
Miami metro Census 903 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.07M
CAP Approach CAP
$5.45M
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.67M

Owner & transaction history

since 2021
Last sale
$5.6M
4 recorded transactions
2021
$5.6M
2021
Price N/A
2018
$3.9M
2017
$2.3M

Zoning & alternative use

7300:INDUSTRIAL,HVY MFG · Miami, FL
Top alternative use upside
Medical building $9.5M +166.4%
Neighborhood: shopping center $6.2M +72.4%
Industrial (general) $5.8M +62.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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