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Property profile & analytics
OFF-MARKET Estimated value $11,515,000
Industrial properties

1600 165th St Miami Gardens, FL 33169-5643

64,377 SF 3.48 ac lot Built 1965
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US19-0864015
Property summary
AI-generated overview

This exceptional 65,337-square-foot industrial warehouse, situated on a 3.5-acre lot in North Miami Beach, Florida (33169), presents a compelling investment opportunity. The single-story building features 2 dock-high doors and 2 grade-level doors, facilitating efficient loading and unloading. A 20-foot ceiling height provides ample vertical space for storage and operations. Approximately 5,000 square feet are designated for office space. The property boasts a substantial power capacity of 1,500 amps at 240 volts, suitable for heavy-duty equipment. Its strategic location offers unparalleled access to major transportation arteries, including proximity to the Palmetto Expressway (less than half a mile) and the Golden Glades Interchange (one mile). Furthermore, Port Miami and Miami International Airport are conveniently located within a 14-mile radius. The property is available for occupancy beginning October 2024, offering immediate potential for utilization. The lease type is NNN. This warehouse is ideal for businesses requiring significant space, robust power, and easy access to major transportation hubs. The total lot size is approximately 151,693 square feet, providing ample room for trailer parking and various operational needs.

Property profile
Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1965
Construction CONCRETE
Total area 64,377 SF
Lot 3.48 ac (151,693 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 34-2114-008-1980
UPID US19-0864015
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
$11.88M
CAP Approach CAP
$13.31M
Comparable Approach Comparable
$11.48M
Blend (final) Blend
$11.52M
Owner & transaction history
Ev 1600 LLC · 4 yrs held
Ev 1600 LLC
since 2021
Last sale
$11.4M
5 recorded transactions
2021
$11.4M
2017
Price N/A
2004
$2.6M
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
Top alternative use upside
Warehouse, storage $19.1M +43.2%
Neighborhood: shopping center $18.3M +36.9%
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