Technical
Financial
Distress signals
Property profile

1880 123rd St North Miami, FL 33181

OFF-MARKET
Warehouses
Property ID
US18-4349149
128,310 SF 0.78 ac lot Built 2022
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2022
Construction CONCRETE
Total area 128,310 SF
Lot 0.78 ac (33,950 SF)
Zoning code 3700:MULTI-FAM,10-21 U/A
APN 06-2228-002-0020
UPID US18-4349149

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
  • Medical Supply Store Medical Equipment Supplier
  • Medical Supply Store
  • Storage Facility
  • Production Facility Factory

Location

1880 123rd St North Miami, FL 33181-2801
North Miami metro Census 1204 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.06M
Blend (final) Blend
$5.84M

Owner & transaction history

since 2025
Last sale
$3.8M
7 recorded transactions
2025
$31.5M
2020
$2.9M
2015
$3.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

3700:MULTI-FAM,10-21 U/A · North Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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