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Property profile & analytics
OFF-MARKET
Manufacturing properties
14740 60th Ave Miami Lakes, FL 33014-2813
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0444106
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
CONCRETE
Total area
40,000 SF
Lot
1.78 ac (77,742 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2024-012-0040
UPID
US18-0444106
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
by Request
Owner & transaction history
Lrf3 Mia 60th Ave LLC · 1 yrs held
Lrf3 Mia 60th Ave LLC
since 2024
Last sale
$49.9M
6 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, 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 Miami Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Lakes 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
—
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
$76,839
Tax year 2023
Assessed value
$6,057,000
Assessed 2023
Previous assessed
$4,231,000
+43.2% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,865,808
Assessed improvement
$4,191,192
Land market value
$1,865,808
Improvement market value
$4,191,192
Total market value
$6,057,000
Applied tax rate
3,200.0000
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
40,000 SF
Lot
1.78 ac (77,742 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2024-012-0040
UPID
US18-0444106
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Zoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Lrf3 Mia 60th Ave LLC
Entity
Mailing address
2 N RIVERSIDE PLZ STE #2350, CHICAGO, IL 60606-2617
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
$49,935,200
Lrf3 Mia 60th Ave LLC
Icon Ex Miami Lakes Owner Pool 5 So
Special Warranty Deed
$180,265,000 · Prudential Insurance Of America
Oct 7, 2019
—
Icon Ex Miami Lks Owner Pool 5
—
Grant Deed
related
—
Dec 23, 2010
$17,900,000
Bre Of Miami Lakes Industrial LLC
Palms Corp Centre LLC
Grant Deed
—
Feb 3, 2009
—
Palms Corporate Centre LLC
—
Deed Of Trust
related
$9,750,000 · Bankunited Fsb
Mar 15, 2006
$12,950,000
Palms Corporate Centre LLC
Ewe Warehouse Invs Viii Ltd
Grant Deed
$9,750,000 · Bankunited Fsb
—
—
Palms Corporate Centre LLC
—
Deed Of Trust
related
$13,000,000 · City National Bank Of Florida
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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