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    1420 131St Rd North Miami, FL 33161

    For Sale
    $1,300,000

    Prime North Miami warehouse, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.3 million dollar industrial property, located at 1420 NE 131st St in North Miami, Florida (zip code 33161), presents a unique investment opportunity. Built in 1949, this warehouse boasts a rich history, having served as a successful auto repair and body shop for the past 30 years. The current business assets are sold separately, allowing for flexible redevelopment options. The property sits on a sizable lot within Miami-Dade County and is zoned M1, offering a wide array of potential uses. Over 50 permitted uses include, but are not limited to, vehicle sales, retail spaces, daycare centers, multifamily dwellings, call centers, hotels/motels, and of course, continued use as a warehouse. This versatile property is perfectly positioned for an entrepreneur seeking to establish a new business or an investor looking to capitalize on the diverse zoning possibilities in a thriving North Miami location. The property's prime location and flexible zoning make it an attractive proposition for a variety of commercial ventures. Serious inquiries are encouraged. Please do not disturb the current occupant.

    Property Features for 1420 131St Rd

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1949
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1701182
    Latitude
    25.8962748

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    FAQs

    What type of property is this?
    Distribution property - Prime North Miami warehouse, ideal for redevelopment.
    Where is this distribution property located?
    The property is located at 1420 131St Rd North Miami, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    Request Owner's contact information
    1420 131St Rd North Miami, FL 33161
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    North Miami, FL 33161
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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
    1420 131St Rd North Miami, FL 33161
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