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Property profile & analytics
FOR LEASE
Warehouses
15901 Southwest 29Th St Miramar, FL 33027
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0349623
For Lease
1 / 4
$6,505,000
15901 Southwest 29Th St, Miramar, FL 33027
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
CONCRETE
Total area
57,003 SF
Lot
4.5 ac (196,030 SF)
Zoning code
PID
APN
51-40-28-11-0016
UPID
US18-0349623
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
$6.51M
Owner & transaction history
Industrial Prop Fund Vii LP · 20 yrs held
Industrial Prop Fund Vii LP
since 2006
2 recorded transactions
Zoning & alternative use
PID · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide a protective zone for campus-like environments that will encourage the development of nonpolluting light industry and compatible uses which support the economic base of the city.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
1,292.67 ac
Source
Realmo
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 Miramar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
$114 / 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
$156,239
Tax year 2023
Assessed value
$7,236,820
Assessed 2023
Previous assessed
$7,236,820
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,568,240
Assessed improvement
$5,668,580
Land market value
$1,568,240
Improvement market value
$5,668,580
Total market value
$7,236,820
Applied tax rate
2,713.0000
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
For Lease
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
57,003 SF
Lot
4.5 ac (196,030 SF)
Zoning code
PID
APN
51-40-28-11-0016
UPID
US18-0349623
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Miramar, FLZoning PID · permitted uses
PID · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide a protective zone for campus-like environments that will encourage the development of nonpolluting light industry and compatible uses which support the economic base of the city.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
1,292.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Industrial Prop Fund Vii LP
Entity
Mailing address
191 N WACKER DR STE #2500, CHICAGO, IL 60606-1885
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 18, 2006
$10,077,700
Industrial Prop Fund Vii LP
Industrial Dev Intl INC
Grant Deed
—
—
—
Industrial Prop Fund Viii
—
Deed Of Trust
related
$53,000,000 · Sumitomo Mitsui Banking Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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