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Property profile & analytics
FOR LEASE
Warehouses
16175 NW 49Th Ave Hialeah, FL 33014
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3094725
For Lease
1 / 2
$25,935,000
16175 NW 49Th Ave, Hialeah, FL 33014
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
CONCRETE
Total area
96,432 SF
Lot
6.19 ac (269,832 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2118-007-0050
UPID
US18-3094725
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.20M
Comparable Approach
Comparable
$27.04M
Blend (final)
Blend
$25.94M
Owner & transaction history
Nw 49th Avenue LLC · 3 yrs held
Nw 49th Avenue LLC
since 2022
Last sale
$26.3M
3 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$42.4M
+98.7%
Office building
$29.8M
+39.8%
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 Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah 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
$32,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,220,000
6.5%
$24,200,000
7%
$22,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,310,000
Current use
MEDICAL BUILDING
$42,350,000
Change: +99% · Conversion: Difficult
OFFICE BUILDING
$29,800,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$25.94M
Range $23.34M – $28.53M · ±10% · vs last sale $26.25M (Oct 12 2022)
Last sale anchor
$26.25M
Oct 12 2022
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
$269 / 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
$499,756
Tax year 2023
Assessed value
$21,611,000
Assessed 2023
Previous assessed
$15,231,000
+41.9% YoY
Effective rate
2.31%
On assessed value
Assessed land
$4,047,480
Assessed improvement
$17,563,520
Land market value
$4,047,480
Improvement market value
$17,563,520
Total market value
$21,611,000
Applied tax rate
3,400.0000
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
96,432 SF
Lot
6.19 ac (269,832 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2118-007-0050
UPID
US18-3094725
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.3M
MEDICAL BUILDING
Est. value
$42.4M
OFFICE BUILDING
Est. value
$29.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
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
1990
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.19 ac
Current owner
From public records · entity-resolved
Nw 49th Avenue LLC
Entity
Mailing address
444 W LK ST STE #3125, CHICAGO, IL 60606-0069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
$26,250,000
Nw 49th Avenue LLC
Sunway Holdings LLC
Special Warranty Deed
$17,600,000 · Cibc Bank USA
Dec 3, 2021
—
Sunway Holdings LLC
—
Deed
related
$1,000,000 · Joseph Battat
Dec 10, 2018
$12,150,000
Sunway Holdings LLC
Tamel Properties INC
Special Warranty Deed
$9,720,000 · Citibank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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