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    3230 42Nd St Miami, FL 33142

    For Sale
    $5,650,000

    High-yield warehouse, NNN leases, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Miami warehouse, located at 3230 NW 42nd St, Miami, FL 33142, presents a compelling investment opportunity. Built in 1963, this industrial property offers 20,375.50 USD in monthly net-net-net (NNN) lease income from existing tenants. The property's street-level access ensures convenient loading and unloading, a significant advantage for warehouse operations. Its central Miami location provides easy access to major transportation routes, enhancing its logistical appeal and maximizing its potential for future growth. The asking price for this well-established warehouse is $5,650,000. This represents a strong return on investment given the current stable income stream generated by the NNN leases. The property's solid construction and established tenancy make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The property is classified as an industrial warehouse and is situated in Miami-Dade County, Florida. This prime location offers excellent accessibility and visibility, making it an ideal investment for both short-term and long-term growth. The property's strong financial performance and strategic location make it a highly desirable asset in the competitive Miami real estate market.

    Property Features for 3230 42Nd St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1963

    HighLights

    • Exceptional Miami warehouse investment opportunity at 3230 NW 42nd St, Miami, FL 33142.
    • $5,650,000 asking price with $20,375.50 monthly net‑net‑net (NNN) lease income.
    • Convenient street‑level access and central Miami location for easy transportation.
    • Solid construction, established tenancy, and strong financial performance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Proline Truck Services Truck Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2493283
    Latitude
    25.8132486

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse, NNN leases, excellent location.
    Where is this distribution property located?
    The property is located at 3230 42Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,650,000.
    What are key features of this property?
    This property features: Exceptional Miami warehouse investment opportunity at 3230 NW 42nd St, Miami, FL 33142.; $5,650,000 asking price with $20,375.50 monthly net-net-net (NNN) lease income.; Convenient street-level access and central Miami location for easy transportation.
    Request Owner's contact information
    3230 42Nd St Miami, FL 33142
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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
    3230 42Nd St Miami, FL 33142
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