Entity Owned Property summary
AI-generated overview
This exceptional 10,565-square-foot flex/warehouse property in North Miami, Florida, presents a unique investment opportunity. Located at 1690 NE 134th St, this Class B building, built in 1968, offers 10,565 square feet of net rentable space across two stories. The property features impressive 18-foot ceilings and two roll-up loading doors, facilitating efficient operations. The zoning is M-1 Industrial District, allowing for a variety of uses. The 15,071-square-foot lot provides ample space, and the building is fully air-conditioned. The asking price is $3,499,000, translating to $331.19 per square foot. This owner/user investment is situated in a convenient North Miami location, offering easy access to major thoroughfares like Biscayne Boulevard and NE 123rd Street (Broad Causeway), providing convenient access to Miami Beach. The property is located in a low to moderate flood risk zone (outside of a FEMA flood zone). Twelve parking spaces are available on the property. This versatile space is ideal for various businesses or personal use, offering a blend of warehouse and office space. The property's central location and functional design make it an attractive option for discerning buyers.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
CONCRETE
Total area
6,600 SF
Lot
0.35 ac (15,071 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-033-0280
UPID
US18-4088912
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Fuel Supplier
-
Motorcycle Shop
-
Film Production Television Studio
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.11M
Owner & transaction history
since 2025
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Top alternative use upside
Medical building
$2.9M
+63.9%
Retail stores
$2.1M
+20.9%
Warehouse, storage
$2.0M
+11.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.11M
Value range
$1.89M – $2.32M
±10% around blend
Estimated value / SF
$319 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$1.89M
blend $2.11M
$2.32M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,600 SF
Lot area
0.35 ac
Year built
1968
Stories
1
APN
06-2229-033-0280
Zoning
7100:INDUSTRIAL,LIGHT MFG
Assessed value
$1,475,000
Annual tax
$31,899
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.37M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.48M
@ 6.5% CAP return
$1.37M
@ 7% CAP return
$1.27M
4
Sales comparison
Partial preview
Sales approach indication
$2.24M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.7 mi away · 6,576 SF
7.9 mi away · 5,147 SF
8.7 mi away · 8,452 SF
10.8 mi away · 5,000 SF
10.8 mi away · 4,851 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 1600 sales
$268
+19%
County 2032 sales
$249
+28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $319/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+64%
vs current-use indication
Retail Stores
Warehouse, Storage
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
4.20%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.20%
9.0%
NOI (est.)
$210k *
Last sale · May 2025
$3.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.00M
Move the market yield to see immediate price impact.
Value / SF
$758
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.70%4.20%4.70%
$189k
$5.11M
$4.50M
$4.02M
$210k
$5.68M
$5.00M
$4.47M
$231k
$6.24M
$5.50M
$4.91M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$2.16M
5.8 mi · Apr 2026 · $300/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,899
Tax year 2023
Assessed value
$1,475,000
Assessed 2023
Previous assessed
$1,286,000
+14.7% YoY
Effective rate
2.16%
On assessed value
Assessed land
$286,349
Assessed improvement
$1,188,651
Land market value
$286,349
Improvement market value
$1,188,651
Total market value
$1,475,000
Applied tax rate
600.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,600 SF
Lot
0.35 ac (15,071 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-033-0280
UPID
US18-4088912
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7100:INDUSTRIAL,LIGHT MFG
Jurisdiction
North Miami, FL
Recorded code
7100:INDUSTRIAL,LIGHT MFG
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7100:INDUSTRIAL,LIGHT MFG in North Miami, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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