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Property profile & analytics
FOR SALE
Manufacturing properties
1486 NW 23Rd St Miami, FL 33142
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0506623
For Sale
1 / 8
$5,250,000
1486 NW 23Rd St, Miami, FL 33142
View Listing →
Property summary
AI-generated overview
This exceptional 14,337 sq ft warehouse in Miami's Allapattah neighborhood is offered at $5,250,000. Built in 1979, this property boasts a rare 21' clear height and robust twin-T construction. The liberal D-1 zoning makes it ideal for investors or owner-users seeking a prime headquarters location. The warehouse features six loading docks, ramped grade-level loading, and multiple pedestrian entrances. The building is fully air-conditioned and can be used as-is or subdivided. Currently occupied by the owner, a relocation period will be required after sale. Situated on a 23,600 sq ft lot in the heart of Allapattah's Miami Produce District, this last-mile location offers easy access to major highways, roadways, the Port of Miami, Miami International Airport's cargo center, downtown Miami, and area beaches. This is a rare opportunity to acquire a high-utility industrial property in a thriving Miami location.
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Year built
1979
Construction
CONCRETE
Total area
14,718 SF
Lot
0.54 ac (23,600 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
01-3126-046-0060
UPID
US19-0506623
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
Current use
Occupant on record · Public records
-
Suki Distributors Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$952k
Blend (final)
Blend
$765k
Owner & transaction history
Edy INC · 11 yrs held
Edy INC
since 2015
2 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+44.2%
Warehouse, storage
$1.0M
+22.9%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
Method
Estimation
Statistic approach
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY)
$830,000
Current use
INDUSTRIAL (GENERAL)
$1,195,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,020,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$52 / 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
$40,141
Tax year 2023
Assessed value
$2,681,000
Assessed 2023
Previous assessed
$2,469,000
+8.6% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,888,000
Assessed improvement
$793,000
Land market value
$1,888,000
Improvement market value
$793,000
Total market value
$2,681,000
Applied tax rate
100.0000
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
FOOD PACKING, PACKING PLANT
Status
For Sale
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
14,718 SF
Lot
0.54 ac (23,600 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
01-3126-046-0060
UPID
US19-0506623
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY) Current
Est. value
$830,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
FOOD PACKING, PACKING PLANT (FRUIT, VEGETABLE, MEAT, DAIRY) Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Edy INC
Entity
Mailing address
1486 NW 23RD ST, MIAMI, FL 33142-7624
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Feb 5, 2015
$1,300,000
Edy INC
Suki Property Holdings LLC
Warranty Deed
$920,000 · Mercantil Commercebank
Jul 2, 2007
$134,400
Suki Property Holdings LLC
Suki INC
Warranty Deed
—
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.
Try Rey
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