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Property profile & analytics
OFF-MARKET Estimated value $39,000,000
Outlet malls

1400 167th St Miami Gardens, FL 33169-5740

181,850 SF 6 ac lot Built 1971
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-5389831
Property summary
AI-generated overview

This exceptional 13,086-square-foot flex space, situated at 1400 NW 167th St in Miami Gardens, Florida, presents a remarkable opportunity for businesses seeking high-visibility retail, showroom, or industrial space. Located in Miami-Dade County, zip code 33169, this ground-floor unit is part of a larger 26,536-square-foot building with a total of 67 parking spaces directly in front. The property boasts excellent visibility from the heavily trafficked Palmetto Expressway, with over 153,500 cars passing daily, offering phenomenal signage opportunities. Its strategic location less than 0.75 miles west of I-95 and less than a quarter-mile from the Palmetto Expressway and I-95 interchange ensures unparalleled accessibility. The I-1 zoning allows for a variety of uses. This prime location benefits from a strong demographic base, with over 166,681 people residing within a 3-mile radius. Neighboring prominent retailers include Topgolf, Floor & Décor, Rooms to Go Kids, City Furniture, El Dorado Furniture, Brandsmart, Sam Ash, Walmart Neighborhood Market, and Mercedes Benz of Miami, creating a vibrant and thriving commercial environment. The property is available for multiple tenants, with a minimum divisible space of 13,086 square feet and a maximum contiguous space of 13,086 square feet.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Construction CONCRETE
Total area 181,850 SF
Lot 6 ac (261,280 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 34-2114-008-0580
UPID US18-5389831
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
$33.98M
Comparable Approach Comparable
$47.30M
Blend (final) Blend
$39.00M
Owner & transaction history
Lrf3 Mia 167th Street LLC · 1 yrs held
Lrf3 Mia 167th Street LLC
since 2024
Last sale
$37.4M
7 recorded transactions
2024
$37.4M
2020
Price N/A
2018
Price N/A
2017
$15.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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