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    1055 62nd St Miami, FL 33150
    Property profile & analytics

    1055 62nd St Miami, FL 33150


    • Warehouses
    • 13,391 SF
    • 0.87 lot acres
    Off-Market
    Last Sale Oct 27, 2024
    $3,100,000
    Property ID
    US18-2715942
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shekinah Glory Power Praise Ministries, Inc. / Church
    • Weaver Office / Law Firm
    • Shekinah Glory Deliverance Ministries, Inc. / Charitable Organization / Social Service Agency

    Property Details for 1055 62nd St

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.87 lot acres
    Property size
    13,391 SF
    Zone code
    6101
    Property type
    Warehouses
    APN
    01-3114-036-0500
    APU
    131140360500

    Description

    This exceptional 11,765-square-foot warehouse, built in 1948, presents a compelling investment opportunity in Miami, Florida. Located at 1055 NW 62nd St, in Miami-Dade County, zip code 33150, this industrial property boasts a strategic position just four blocks west of I-95, offering unparalleled access to major transportation arteries. The building features a substantial lot extending on both sides, providing ample space for approximately 26,000 square feet of parking or potential future expansion. The asking price is $3,490,000, translating to $296.64 per square foot. The entire net rentable area is 11,765 square feet. This property is ideal for a variety of commercial and industrial uses. While it can be purchased independently, it's also available as part of a larger portfolio that includes an adjacent 11,000-square-foot unit (sold separately). The wide frontage on NW 62nd Street adds to its visibility and accessibility. This is a rare opportunity to acquire a well-situated warehouse in a thriving Miami market. Serious inquiries are encouraged.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,075,000
      ML approach
      $2,095,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,640,000
      6.5%
      $3,360,000
      7%
      $3,120,000
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,530,000
      Current use
      COMMERCIAL (GENERAL)
      $4,565,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,805,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2135
    Latitude
    25.8324
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,927
    $1,897,500
    $10,000
    $1,907,500
    -
    $1,897,500
    $10,000
    $1,907,500
    More about this property
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