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Property profile & analytics
OFF-MARKET
Estimated value
$11,700,000
Warehouses
12050 14th Ave Miami, FL 33161-6585
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1456424
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
CONCRETE
Total area
53,367 SF
Lot
3.8 ac (165,565 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-2229-074-0010
UPID
US18-1456424
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
Current use
Occupant on record · Public records
-
24 Tire (Bike/Boat/Book/etc) Store Auto Parts Store
-
Lazer Manufacturing Industrial Manufacturer Production Facility
-
Crash Champions Collision Repair North Miami Auto Repair Shop
-
Stop Hunger Inc Social Service Agency Charitable Organization
-
Bare Beanz Importer Distribution Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.37M
CAP Approach
CAP
$13.40M
Comparable Approach
Comparable
$14.05M
Blend (final)
Blend
$11.70M
Owner & transaction history
Prestige Cityview III LLC · 4 yrs held
Prestige Cityview III LLC
since 2022
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.4M
+9.6%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
$11,390,000
ML approach
$11,365,000
CAP Approach
CAP Return
Estimation
6%
$14,510,000
6.5%
$13,395,000
7%
$12,435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,865,000
Current use
OFFICE BUILDING
$17,390,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,170,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$14,300,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$11.70M
Range $10.53M – $12.87M · ±10% · vs last sale $10.00M (Mar 3 2022)
Last sale anchor
$10.00M
Mar 3 2022
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
$219 / 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
$143,010
Tax year 2023
Assessed value
$8,378,250
Assessed 2023
Previous assessed
$8,378,250
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$8,278,250
Assessed improvement
$100,000
Land market value
$8,278,250
Improvement market value
$100,000
Total market value
$8,378,250
Applied tax rate
3,000.0000
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
53,367 SF
Lot
3.8 ac (165,565 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-2229-074-0010
UPID
US18-1456424
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.9M
OFFICE BUILDING
Est. value
$17.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.2M
INDUSTRIAL (GENERAL)
Est. value
$14.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Prestige Cityview III LLC
Entity
Mailing address
14050 NE 6TH AVE OFC #100, NORTH MIAMI, FL 33161-3106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$10,000,000
Prestige Cityview III LLC
Savits Enterprises II INC
Warranty Deed
$6,000,000 · Cchc Fund IV LP
Apr 26, 2017
—
Savits Ents III INC
—
Deed
related
$1,575,000 · Miscellaneous Ins Co
Sep 14, 2009
$1,593,000
Savits Ents III INC
Stop Hunger INC
Warranty Deed
—
Aug 8, 2002
$2,060,000
Stop Hunger
C L I Fleet INC
Grant Deed
$3,500,000 · C L I Fleet INC
Sep 27, 1999
$1,850,000
Cli Fleet INC
Crippen,frank
Grant Deed
$850,000 · Seller
—
—
Stop Hunger INC
—
Deed Of Trust
related
$2,240,000 · Bank Of America
—
—
Savits Ents III INC
—
Deed Of Trust
related
$1,575,000 · Acacia Life Insurance Co
—
—
Savits Ents III INC
—
Loan Modification
related
$1,575,000 · Miscellaneous Ins Co
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.
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