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Property profile & analytics
FOR SALE
Warehouses
17890 NW 29 Ct Miami Gardens, FL 33056
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2670961
For Sale
1 / 29
$6,000,000
17890 NW 29 Ct, Miami Gardens, FL 33056
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
CONCRETE
Total area
8,750 SF
Lot
0.38 ac (16,552 SF)
Zoning code
6800:COMM,PROFESS OFFICES
APN
34-2109-002-1071
UPID
US18-2670961
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
$2.40M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.19M
Owner & transaction history
789o Nw 29th Ct LLC · 4 yrs held
789o Nw 29th Ct LLC
since 2021
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
6800:COMM,PROFESS OFFICES · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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
$2,420,000
ML approach
$2,395,000
CAP Approach
CAP Return
Estimation
6%
$2,380,000
6.5%
$2,195,000
7%
$2,040,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,600,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,485,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $1.94M (Aug 6 2021)
Last sale anchor
$1.94M
Aug 6 2021
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
$250 / 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
$30,439
Tax year 2023
Assessed value
$1,336,000
Assessed 2023
Previous assessed
$1,192,000
+12.1% YoY
Effective rate
2.28%
On assessed value
Assessed land
$248,280
Assessed improvement
$1,087,720
Land market value
$248,280
Improvement market value
$1,087,720
Total market value
$1,336,000
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 Sale
Year built
1954
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
8,750 SF
Lot
0.38 ac (16,552 SF)
Zoning code
6800:COMM,PROFESS OFFICES
APN
34-2109-002-1071
UPID
US18-2670961
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6800:COMM,PROFESS OFFICES · Miami Gardens, FL
Zoning 6800:COMM,PROFESS OFFICES · permitted uses
6800:COMM,PROFESS OFFICES · 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
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1954
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
789o Nw 29th Ct LLC
Entity
Mailing address
9525 CARLYLE AVE, SURFSIDE, FL 33154-2447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Aug 6, 2021
$1,940,000
789o Nw 29th Ct LLC
Spark I Biding Second Group LLC
Warranty Deed
$1,649,000 · Amerant Bank NA
Dec 26, 2017
$1,450,000
Spark Holding Second Group LLC
Charlie Alpha November LLC
Grant Deed
$1,160,000 · Charlie Alpha November LLC
Jul 16, 2013
$250,000
Charlie Alpha November LLC
Richter Harold Trust
Warranty Deed
$175,000 · Richter Harold Trust (pt)
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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