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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Warehouses
1160 159th Dr Miami Gardens, FL 33169-5808
Individually Owned
8-yr Hold
Free & Clear
Property ID
US18-8971972
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
CONCRETE
Total area
15,916 SF
Lot
1.17 ac (51,000 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2114-008-0380
UPID
US18-8971972
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
$2.53M
Owner & transaction history
United Cerebral Palsy Assn Of Mia · 8 yrs held
United Cerebral Palsy Assn Of Mia
since 2017
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,960,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±10%
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
$159 / 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
$1,759
Tax year 2023
Assessed value
$2,378,000
Assessed 2023
Previous assessed
$2,125,000
+11.9% YoY
Effective rate
0.07%
On assessed value
Assessed land
$1,173,000
Assessed improvement
$1,205,000
Land market value
$1,173,000
Improvement market value
$1,205,000
Total market value
$2,378,000
Applied tax rate
3,400.0000
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
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
15,916 SF
Lot
1.17 ac (51,000 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2114-008-0380
UPID
US18-8971972
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.0M
OFFICE BUILDING
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
United Cerebral Palsy Assn Of Mia
Individual
Free & Clear · 8 yrs held
Mailing address
2700 W 81ST ST, HIALEAH, FL 33016-2732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2018
—
United Cerebral Palsy Assn Of Mia
—
Deed
related
$310,044 · Other Institutional Lenders
Dec 19, 2017
$1,046,000
United Cerebral Palsy Assn Of Mia
1160 Nw 159th Drive LLC
Warranty Deed
—
Dec 19, 2017
—
United Cerebral Palsy Assn Of Mia
—
Deed
related
$1,080,000 · Other Institutional Lenders
Sep 16, 2008
—
1160 Nw 159th Drive LLC
United Cerebral Palsy Assn Of Mia
Grant Deed
—
Aug 28, 2008
$1,700,000
1160 Nw 159th Drive LLC
United Cerebral Palsy Assn Of INC
Warranty Deed
—
Jun 16, 2008
$1,700,000
United Cerebral Palsy Assn Of Miami
Raices Investment Corp
Warranty Deed
$390,000 · First City Funding Group LLC
—
—
1160 Nw 159th Drive LLC
—
Loan Modification
related
$375,000 · First Cty Fndg Grp LLC
—
—
United Cerebral Palsy Assn Of Mia
—
Loan Modification
related
$310,044 · Other Institutional Lenders
—
—
United Cerebral Palsy Assn Of Mia
—
Loan Modification
related
$1,080,000 · Other Institutional Lenders
—
—
United Cerebral Palsy Assn Of Mia
—
Loan Modification
related
$1,080,000 · Other Institutional Lenders
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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