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Property profile & analytics
FOR LEASE
Warehouses
4201 NW 37Th Ct Miami, FL 33142
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3516121
For Lease
1 / 13
Contact for pricing
4201 NW 37Th Ct, Miami, FL 33142
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Property summary
AI-generated overview
This prime Miami industrial warehouse, located on NW 37th Court, offers 104,075 square feet of rentable space, with 9,500 square feet currently vacant. The property boasts a Class B rating, was built in 1974 and renovated in 2024. Seven individual units are available, ranging from 3,300 to 9,500 square feet, allowing for flexibility to accommodate various business needs. Units can be combined to create larger spaces. The single-story building features expansive 18- to 20-foot clear height ceilings, 25 grade-level drive-in doors for efficient loading and unloading, and ample parking with 15 total spaces. The 3.27-acre lot is zoned M-1 Industrial. The building is all-electric with 3-phase 120/240V power, and the roof is under warranty. Its strategic location offers easy access to Miami International Airport and major expressways, making it an ideal location for businesses seeking efficient operations and convenient transportation links. The property is professionally managed.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
CONCRETE
Total area
101,685 SF
Lot
3.27 ac (142,342 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3120-018-0780
UPID
US18-3516121
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$24.00M
CAP Approach
CAP
$25.52M
Comparable Approach
Comparable
$18.68M
Blend (final)
Blend
$24.00M
Owner & transaction history
Alliance Nw 37th Ct LLC · 1 yrs held
Alliance Nw 37th Ct LLC
since 2024
Last sale
$24.0M
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning and Zoning
Top alternative use upside
Retail stores
$30.0M
+24.7%
Neighborhood: shopping center
$28.9M
+20.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$24,000,000
ML approach
$24,000,000
CAP Approach
CAP Return
Estimation
6%
$27,645,000
6.5%
$25,520,000
7%
$23,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,060,000
Current use
RETAIL STORES
$30,005,000
Change: +25% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$28,900,000
Change: +20% · Conversion: Moderate
Blend value · Realmo final
$24.00M
Range $21.60M – $26.40M · ±10% · vs last sale $24.00M (Sep 23 2024)
Last sale anchor
$24.00M
Sep 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$236 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$148,846
Tax year 2023
Assessed value
$13,346,000
Assessed 2023
Previous assessed
$13,346,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$5,693,680
Assessed improvement
$7,652,320
Land market value
$5,693,680
Improvement market value
$7,652,320
Total market value
$13,346,000
Applied tax rate
400.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
101,685 SF
Lot
3.27 ac (142,342 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
04-3120-018-0780
UPID
US18-3516121
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$24.1M
RETAIL STORES
Est. value
$30.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Alliance Nw 37th Ct LLC
Entity
Mailing address
40 MORRIS AVE STE #230, BRYN MAWR, PA 19010-3300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$24,000,000
Alliance Nw 37th Ct LLC
112 Cc LLC
Special Warranty Deed
—
Sep 10, 2018
—
112 Cc LLC
—
Deed
related
$1,622,930 · Iberiabank
Nov 4, 2013
$2,750,000
Milam Dairy Holdings LLC
Stabilis Fund II LLC Coc
Trustees Deed
related
—
—
—
Warehouse Associates 1 Lc
—
Deed Of Trust
related
$440,583 · Commercial Bank Florida
—
—
112 Cc LLC
—
Deed Of Trust
related
$3,200,000 · First Nat'l Bk/s Miami
—
—
Warehouse Associates 1 Lc
—
Deed Of Trust
related
$4,000,000 · Regions Bank
—
—
112 Cc LLC
—
Loan Modification
related
$1,622,930 · Iberiabank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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