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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
1315 98th Ctbay1 Doral, FL 33172-2773
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4887931
Property summary
AI-generated overview
This exceptional 37,800 square foot single-tenant flex space condo presents a unique investment opportunity in a highly desirable Miami location. The property boasts a 22-foot ceiling height, ideal for various industrial and warehouse uses, complemented by ample office space. The unit features a comprehensive sprinkler system, high-intensity lighting, and 120/240-volt three-phase four-wire electrical service, ensuring operational efficiency. Security is enhanced by overnight security patrols and roll-up shutters. Convenient access is provided by one street-level bay door measuring 12x14 feet. The strategic location offers unparalleled convenience, with proximity to numerous restaurants and shopping malls. Enjoy quick and easy access to major highways, including the Florida Turnpike, 826, 836, Highway 95, and the Port of Miami (within 18 minutes). The property's hurricane protection features provide peace of mind. Its prominent position facing CarMax and a Toyota dealership ensures high visibility. The zoning designation is 7100. This is an exceptional opportunity to acquire a well-equipped, strategically located industrial condo in a thriving Miami market.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
1,720 SF
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
35-3032-040-0010
UPID
US18-4887931
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
$648k
Blend (final)
Blend
$590k
Owner & transaction history
Me & Ed LLC · 16 yrs held
Me & Ed LLC
since 2010
2 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Doral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$755,000
+36.6%
Office building
$705,000
+27.1%
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 Doral submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Doral 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
INDUSTRIAL (GENERAL)
$555,000
Current use
MEDICAL BUILDING
$755,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$535,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$343 / 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
$7,498
Tax year 2023
Assessed value
$490,200
Assessed 2023
Previous assessed
$490,200
+0.0% YoY
Effective rate
1.53%
On assessed value
Total market value
$490,200
Applied tax rate
3,500.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Heating
NONE
Total area
1,720 SF
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
35-3032-040-0010
UPID
US18-4887931
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Doral, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Doral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$555,000
MEDICAL BUILDING
Est. value
$755,000
OFFICE BUILDING
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Heating
NONE
Current owner
From public records · entity-resolved
Me & Ed LLC
Entity
Free & Clear · 16 yrs held
Mailing address
10165 NW 19TH ST, DORAL, FL 33172-2529
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2010
$582,000
Me & Ed LLC
Dynamic Properties 2510 INC
Warranty Deed
—
Oct 18, 2007
$1,336,125
Dynamic Properties 2510 INC
Ipa V Investors LLC
Grant Deed
$1,068,900 · Citibank NA
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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