Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1970 129Th Ave Doral, FL 33182

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1970 129Th Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A warehouse condo, located at 1970 NW 129th Ave #101 in Miami, offers 6,335 square feet of versatile space perfect for a variety of businesses or investors. The property is zoned 7100 and features a single tenancy within a single-suite building (APN: 25-39-35-009-0010). The space includes approximately 500 square feet of climate-controlled office space, thoughtfully designed with two elegant private offices, a welcoming reception area, two restrooms, and a waiting area. Adding to its functionality is approximately 1,000 square feet of additional climate-controlled space and a 500 square foot mezzanine, providing ample room for storage or additional workspace. The warehouse itself boasts a generous 24-foot ceiling height, facilitating efficient operations and storage. Three dock-high truck loading doors ensure seamless loading and unloading of goods. Ample parking is available, adding to the convenience and appeal of this property. This is a truly remarkable opportunity to acquire a prestigious and highly functional warehouse condo in a prime Miami location. The property's combination of modern amenities, efficient design, and strategic location makes it an attractive option for businesses seeking a high-quality space and investors looking for a strong return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4096
    Latitude
    25.7932

    Comparable in this City

    • Value Estimation
      $8,075,000
      62,779 SF

      13150 25th St

      WAREHOUSE, STORAGE • 62,779 SF
      13150 25th St, Miami, FL 33182-1532
      View Details
    • Value Estimation
      $25,880,000
      157,214 SF

      13155 19th Ln

      WAREHOUSE, STORAGE • 157,214 SF
      13155 19th Ln, Miami, FL 33182-1960
      View Details
    • Value Estimation
      $33,185,000
      206,276 SF

      13450 14th St

      WAREHOUSE, STORAGE • 206,276 SF
      13450 14th St, Miami, FL 33182-1418
      View Details
    • Value Estimation by Request
      190,586 SF

      12650 25th St

      WAREHOUSE, STORAGE • 190,586 SF
      12650 25th St, Miami, FL 33182-1512
      View Details
    • Value Estimation
      $42,340,000
      335,059 SF

      13300 25th St

      WAREHOUSE, STORAGE • 335,059 SF
      13300 25th St, Miami, FL 33182-1510
      View Details
    • Value Estimation
      $28,100,000
      146,757 SF

      12950 25th St

      WAREHOUSE, STORAGE • 146,757 SF
      12950 25th St, Miami, FL 33182-1514
      View Details

    Similar Nearby for Sale

    • $8,200,000

      Miami Warehouse: $8.2M

      Industrial Warehouse, Miami, FL
      220 137Th Ave, Miami, FL 33182
      View Details
    • Contact for pricing
      153,833 SF

      Modern Warehouse with Office Space

      Warehouse with offices, loading docks, and easy highway access.
      1800 NW 129Th Ave, Miami, FL 33182
      View Details
    • $8,400,000
      2.50 Acres

      Miami Industrial Land For Sale

      2.5 acres of industrial land with excellent connectivity.
      220 NW 137Th Ave, Miami, FL 33182
      View Details
    • $3,500,000

      Land in Coveted Location

      Land available in a sought-after location.
      17XX NW 128Th Ave, Miami, FL 33182
      View Details
    • New
      $1,300,000
      Pending

      Residential Land in Sweetwater, FL

      Cleared, fenced residential land in a prime Tamiami location.
      120 NW 120Th Ave, Sweetwater, FL 33182
      View Details
    • New
      $1,300,000
      Pending

      Residential Land in NW Miami

      0.76 acre residential lot in Sweetwater, ready for development.
      365 NW 128Th Ave, Sweetwater, FL 33182
      View Details

    Similar Nearby for Lease

    • $1.44 SF/Yr
      42,000 SF

      Sweetwater Warehouse: 42,000 SF

      Prime Sweetwater industrial warehouse, single tenant, 5 parking spaces.
      2033 135Th Ave, Miami, FL 33182
      View Details
    • $17 SF/Yr
      90,000 SF

      Miami Airport West Industrial Space

      Versatile warehouse space near Miami airport.
      1800 135Th Ave, Miami, FL 33182
      View Details
    • $0.95 SF/Yr
      68,000 SF

      Prime Sweetwater Warehouse Space

      68,000 SF Industrial Warehouse for Lease
      2001 135Th Ave, Miami, FL 33182
      View Details
    • $12 SF/Yr

      Warehouse Space Near Miami Airport

      Available warehouse with office space, convenient location, and ample parking.
      12950 Northwest 17Th St, Miami, FL 33182
      View Details
    • Contact for pricing
      59,649 SF

      Warehouse Space in Beacon Lakes

      Warehouse space with excellent park amenities and trailer storage.
      1900 NW 129Th Ave, Miami, FL 33182
      View Details
    • $24 SF/Yr
      5,160 SF

      Industrial Spaces Near Major Thoroughfares

      2,580 – 5,160 SF industrial spaces with easy access to SR-836 Ext.
      2000 NW 133Rd Ave, Miami, FL 33182
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1970 129Th Ave
    Doral, FL 33182
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.