Property profile

1430 NE 131St Rd North Miami, FL 33161

FOR SALE
Manufacturing properties
Property ID
US18-5018894
3,970 SF 0.16 ac lot Built 1948
Trust Owned 26-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional North Miami industrial property, located at 1430 NE 131st Street, presents a unique investment opportunity. The 2,000 square foot warehouse, built in 1948, is currently operating as a thriving automotive repair facility. Established in 1997, the business boasts a substantial and loyal corporate client base alongside a strong local following, ensuring a consistent revenue stream. The sale includes approximately $135,000 worth of equipment and inventory, providing immediate operational capabilities for a buyer. The property's zoning designation is light/heavy industrial, offering flexibility for continued operation as an automotive repair shop or the potential for repurposing to suit a variety of industrial uses. The property consists of two adjacent parcels, providing additional development potential or operational space. Situated in Miami-Dade County, Florida, with the zip code 33161, this property offers a compelling blend of established business and future development possibilities. The asking price is $3,295,000. This is a rare opportunity to acquire a turnkey business with significant upside potential in a prime North Miami location. The lot size is not specified.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1948
Construction CONCRETE
Total area 3,970 SF
Lot 0.16 ac (6,971 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 06-2229-021-0091
UPID US18-5018894

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • General Contractor
  • Building Supply General Contractor

Location

1430 NE 131St Rd North Miami, FL 33161
North Miami metro Census 220 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
$722k
Blend (final) Blend
$350k

Owner & transaction history

since 1999
1 recorded transaction
1999
$147,000

Zoning & alternative use

7100:INDUSTRIAL,LIGHT MFG · North Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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