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Property profile & analytics
OFF-MARKET Estimated value $2,350,000
Warehouses

1001 163rd Dr Miami Gardens, FL 33169-5817

15,378 SF 1.22 ac lot Built 1958
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-1660629
Property summary
AI-generated overview

This exceptional 15,377-square-foot warehouse, located at 1001 NW 163rd Drive in Miami Gardens, Florida, presents a compelling value-add investment opportunity. Situated on a 53,303-square-foot lot (APN 34-2114-007-0060), this single-tenant property boasts a desirable location in a vibrant and economically strong area of Miami-Dade County. The asking price is $4,620,000, translating to $300.45 per square foot. Built in 1958, the property is zoned 7100 INDUSTRIAL - LIGHT MFG, offering flexibility for various industrial and office uses. The property benefits from a strong tenant base, providing stable cash flow and the advantages of a Net Net Net (NNN) lease structure. This investment offers a blend of immediate income generation and significant potential for long-term capital appreciation, driven by its strategic location and superb connectivity within the thriving Miami market. The property's single-building structure simplifies management and enhances operational efficiency. This is a rare chance to acquire a well-positioned industrial asset with substantial upside potential in one of Florida's most dynamic economic regions. The property's location provides excellent access to major transportation arteries, ensuring efficient logistics and distribution capabilities. This presents a solid foundation for continued growth and profitability.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1958
Construction CONCRETE
Total area 15,378 SF
Lot 1.22 ac (53,303 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 34-2114-007-0060
UPID US18-1660629
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.35M
Owner & transaction history
Core Dev Holdings Corp · 6 yrs held
Core Dev Holdings Corp
since 2020
3 recorded transactions
2020
Price N/A
2008
Price N/A
1969
Price N/A
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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