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Property profile & analytics
OFF-MARKET
Estimated value
$24,035,000
Warehouses
1396 125th St North Miami, FL 33161-5938
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1614952
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
HEAVY FRAME
Total area
154,423 SF
Lot
1.68 ac (73,342 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-042-0222
UPID
US18-1614952
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
$24.04M
Owner & transaction history
1396 Ne 125th LLC · 7 yrs held
1396 Ne 125th LLC
since 2018
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, 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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$156 / 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
$306,356
Tax year 2023
Assessed value
$27,006,000
Assessed 2023
Previous assessed
$20,875,000
+29.4% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,667,100
Assessed improvement
$23,338,900
Land market value
$3,667,100
Improvement market value
$23,338,900
Total market value
$27,006,000
Applied tax rate
600.0000
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
2017
Construction
HEAVY FRAME
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
154,423 SF
Lot
1.68 ac (73,342 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-042-0222
UPID
US18-1614952
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
HEAVY FRAME
Heating
NONE
Cooling
Yes
Stories
4
Lot
1.68 ac
Current owner
From public records · entity-resolved
1396 Ne 125th LLC
Entity
Free & Clear · 7 yrs held
Mailing address
201 WILSHIRE BLVD STE #102, SANTA MONICA, CA 90401-3155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
13301 Sw 87th LLC
—
Deed
related
$125,000,000 · Pnc Bank NA
Sep 18, 2018
$31,773,000
1396 Ne 125th LLC
Crp Westport Self Storage 125th LLC
Special Warranty Deed
—
May 9, 2016
—
Crp Of Westport Self Storag 125th
—
Deed Of Trust
related
$12,500,000 · Branch Bk&tr
Oct 5, 2015
$3,600,000
Crp/westport Self Storage 125th LLC
Craftsman Mall Limited Partnership
Warranty Deed
—
Jul 18, 2013
—
Craftsman Mall LP
—
Deed Of Trust
related
$1,200,000 · First National Bank South Miam
—
—
Craftsman Mall LP
—
Deed Of Trust
related
$239,000 · Regions Bank
—
—
Craftsman Mall LP
—
Deed Of Trust
related
$239,000 · Regions Bank
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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