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Property profile & analytics
OFF-MARKET Estimated value $18,055,000
Office buildings

1313 167th St Miami Gardens, FL 33169-5739

134,246 SF 12.76 ac lot Built 1993
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-6279842
Property summary
AI-generated overview

This exceptional Miami Gardens property offers a 134,246 square foot, single-story Class B office building situated on a substantial 12.76-acre lot. Built in 1993, the property boasts a prime location with exceptional visibility from the Palmetto Expressway near the Golden Glades Interchange, providing immediate access to I-95, the Florida Turnpike, and the Palmetto Expressway. Its strategic location offers easy access to major South Florida roadways and is within 10 minutes of Downtown Miami and Aventura. The property is also conveniently located near Fort Lauderdale-Hollywood International Airport and Miami International Airport (less than 20 miles). The site benefits from aggressive mixed-use zoning (BU-2, Miami, 6500), presenting significant development potential. Surrounding the property are numerous retailers, including Ashley Furniture, City Furniture, Rooms To Go, and a Mercedes-Benz dealership, further enhancing its appeal. The property's large land footprint and high-quality existing building make it an attractive investment opportunity. The asking price is $25 million, with a land value of $25 per square foot. The occupancy date is March 20, 2023. This is a rare opportunity to acquire a substantial property with significant upside potential in a rapidly growing area.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Total area 134,246 SF
Lot 12.76 ac (555,994 SF)
Zoning code 6500:COMMERCIAL,CLASSIF
APN 34-2111-032-0030
UPID US18-6279842
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
$12.12M
Blend (final) Blend
$18.06M
Owner & transaction history
Miami Gardens Palmetto At Golden Gl · 3 yrs held
Miami Gardens Palmetto At Golden Gl
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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