15050 SW 137Th St Miami, FL 33196
Warehouses
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Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 8
Contact for pricing
15050 SW 137Th St, Miami, FL 33196
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Estimated value (blended)
$3.58M
Range $3.22M – $3.93M (±10%)
Property ID
US18-4889278
Property summary
AI-generated overview
This exceptional 20,000-square-foot flex/warehouse property in Miami, Florida, presents a compelling investment opportunity. Located at 15050 SW 137th St, Miami, FL 33196, this single-story, Class C building boasts 10 units, each approximately 2,000 square feet, and sits on a 49,000-square-foot lot. Built in 2007 and extensively renovated in 2023, the property features a 22-foot ceiling height and impact glass throughout. The building is currently 100% occupied with multi-tenant occupancy under gross leases, generating strong rental income at $20 per square foot. Tenants have two and three-year leases in place. The property is zoned 7700 INDUSTRIAL - RESTRICTED. An additional 4,500 square feet of unused mezzanine space offers significant value-add potential. This stabilized investment is ideal for owner-users seeking to occupy a portion of the space while generating rental income from the remaining units, or for investors seeking a strong cash flow property. The asking price is $7,000,000, representing a price per square foot of $350 and a price per unit of $700,000. This property is a prime candidate for a 1031 exchange.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
CONCRETE
Total area
19,912 SF
Lot
1.13 ac (49,030 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-5921-023-0190
UPID
US18-4889278
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
-
Storage Facility
-
Advertising Agency Marketing & Advertising
-
Physician
-
Restaurant
-
Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.00M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.58M
Owner & transaction history
since 2015
6 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.58M
Value range
$3.22M – $3.93M
±10% around blend
Estimated value / SF
$180 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
90
Income certainty
100
$3.22M
blend $3.58M
$3.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,912 SF
Lot area
1.13 ac
Year built
2007
Stories
1
APN
30-5921-023-0190
Assessed value
$3,180,000
Annual tax
$40,072
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.00M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.42M
@ 6.5% CAP return
$5.00M
@ 7% CAP return
$4.64M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$40,072
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.59M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.6 mi away · 17,196 SF
11.7 mi away · 17,994 SF
12.2 mi away · 16,082 SF
13.9 mi away · 19,920 SF
14.0 mi away · 16,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.58M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 779 sales
$297
-40%
County 955 sales
$275
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $180/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
91,020.33%
Selected cap rate for this warehouses
Derived from the Miami market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$269k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$295
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
91,019.83%91,020.33%91,020.83%
$242k
$265
$265
$265
$269k
$295
$295
$295
$296k
$324
$324
$324
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$5.10M
11.6 mi · Feb 2026 · $345/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,072
Tax year 2023
Assessed value
$3,180,000
Assessed 2023
Previous assessed
$3,180,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,176,720
Assessed improvement
$2,003,280
Land market value
$1,176,720
Improvement market value
$2,003,280
Total market value
$3,180,000
Applied tax rate
3,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2007
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
19,912 SF
Lot
1.13 ac (49,030 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-5921-023-0190
UPID
US18-4889278
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FLZoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7700:INDUSTRIAL,RESTRICT
Jurisdiction
Miami, FL
Recorded code
7700:INDUSTRIAL,RESTRICT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7700:INDUSTRIAL,RESTRICT in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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