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Property profile & analytics
OFF-MARKET
Estimated value
$10,650,000
Warehouses
1905 146th St North Miami, FL 33181-1425
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3989492
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
CONCRETE
Total area
44,058 SF
Lot
2.62 ac (113,982 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2221-022-0010
UPID
US18-3989492
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
$8.89M
CAP Approach
CAP
$11.06M
Comparable Approach
Comparable
$11.50M
Blend (final)
Blend
$10.65M
Owner & transaction history
Ps Florida One INC · 3 yrs held
Ps Florida One INC
since 2023
Last sale
$10.7M
2 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinances | North Miami, FL
Top alternative use upside
Retail stores
$14.3M
+9.0%
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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami 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
$9,400,000
ML approach
$8,885,000
CAP Approach
CAP Return
Estimation
6%
$11,980,000
6.5%
$11,060,000
7%
$10,270,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,100,000
Current use
RETAIL STORES
$14,280,000
Change: +9% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,520,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$10.65M
Range $9.59M – $11.72M · ±10% · vs last sale $10.65M (Feb 27 2023)
Last sale anchor
$10.65M
Feb 27 2023
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
$242 / 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
$104,459
Tax year 2023
Assessed value
$6,858,000
Assessed 2023
Previous assessed
$5,089,000
+34.8% YoY
Effective rate
1.52%
On assessed value
Assessed land
$2,051,676
Assessed improvement
$4,806,324
Land market value
$2,051,676
Improvement market value
$4,806,324
Total market value
$6,858,000
Applied tax rate
600.0000
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
Off-Market
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
44,058 SF
Lot
2.62 ac (113,982 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2221-022-0010
UPID
US18-3989492
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | North Miami, FL
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.1M
RETAIL STORES
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Ps Florida One INC
Entity
Free & Clear · 3 yrs held
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
$10,650,000
Ps Florida One INC
M H L Enterprises
Special Warranty Deed
—
Mar 1, 2006
—
M-h-l Ents
Lurie,gerald H
Grant Deed
—
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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