Technical
Financial
Distress signals
Property profile

1160 163rd Dr Miami Gardens, FL 33169

OFF-MARKET
Warehouses
Property ID
US18-0446615
29,157 SF 1.33 ac lot Built 1963
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 27,000-square-foot industrial property in Miami, Florida, presents a unique opportunity for businesses seeking a versatile and strategically located space. The property, situated at 1160 NW 163rd Dr, Miami, FL 33169, is classified as a single-tenant flex space, ideally suited for a variety of uses. The building boasts a substantial 20,000 square feet of warehouse space featuring an impressive 18-foot clear height and convenient street-level loading capabilities. This ample warehouse area is complemented by 7,000 square feet of well-appointed office space, perfect for corporate headquarters or showroom operations. The location offers unparalleled access to major transportation arteries, including I-95, the Turnpike, and the Palmetto Expressway, ensuring seamless logistics and efficient commutes for employees and clients. The property resides within a quiet and well-maintained industrial park, providing a professional and secure environment. This single-tenant occupancy offers the advantage of complete control and customization, allowing businesses to tailor the space to their specific operational needs. The combination of prime location, substantial space, and excellent accessibility makes this property an exceptional investment opportunity in the thriving Miami market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1963
Construction CONCRETE
Total area 29,157 SF
Lot 1.33 ac (58,000 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 34-2114-007-0250
UPID US18-0446615

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1160 163rd Dr Miami Gardens, FL 33169-5816
Miami Gardens metro Census 414 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.93M
CAP Approach CAP
$6.62M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.06M

Owner & transaction history

since 2022
Last sale
$4.1M
2 recorded transactions
2022
$4.1M
2003
$937,500

Zoning & alternative use

7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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