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    1486 23Rd St Miami, FL 33142

    For Sale
    $5,250,000

    Miami Industrial Warehouse, High Utility

    Property size:
    14,337 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 14,337 sq ft warehouse in Miami's Allapattah neighborhood is offered at $5,250,000. Built in 1979, this property boasts a rare 21' clear height and robust twin-T construction. The liberal D-1 zoning makes it ideal for investors or owner-users seeking a prime headquarters location. The warehouse features six loading docks, ramped grade-level loading, and multiple pedestrian entrances. The building is fully air-conditioned and can be used as-is or subdivided. Currently occupied by the owner, a relocation period will be required after sale. Situated on a 23,600 sq ft lot in the heart of Allapattah's Miami Produce District, this last-mile location offers easy access to major highways, roadways, the Port of Miami, Miami International Airport's cargo center, downtown Miami, and area beaches. This is a rare opportunity to acquire a high-utility industrial property in a thriving Miami location.

    Property Features for 1486 23Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    14,337 SF

    Building Details

    Year Built
    1979

    HighLights

    • Prime Central Allapattah location (Miami 33142), within the Miami Produce District.
    • Last‑mile logistics location serving Miami's urban core.
    • Excellent highway and roadway access, minutes from Port of Miami, Miami International Airport Cargo Center, Downtown Miami, and beaches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Suki Distributors Distribution Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2205852
    Latitude
    25.7982198

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    FAQs

    What type of property is this?
    Distribution property - Miami Industrial Warehouse, High Utility
    Where is this distribution property located?
    The property is located at 1486 23Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: Prime Central Allapattah location (Miami 33142), within the Miami Produce District.; Last-mile logistics location serving Miami's urban core.; Excellent highway and roadway access, minutes from Port of Miami, Miami International Airport Cargo Center, Downtown Miami, and beaches.
    Request Owner's contact information
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    Miami, FL 33142
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    Realmo Value Estimation

    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.

    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.

    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
    1486 23Rd St Miami, FL 33142
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