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Property profile & analytics
OFF-MARKET Estimated value $2,790,000
Manufacturing properties

1970 153rd St North Miami Beach, FL 33162-6062

24,606 SF 1.38 ac lot Built 1975
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4075853
Property summary
AI-generated overview

This exceptional Class A industrial warehouse, located at 1970 NE 153rd St, North Miami Beach, FL 33162, presents a compelling investment opportunity. The fee-simple property encompasses 28,500 square feet on a 60,000 square foot lot, offering significant potential for growth and return. Currently boasting 100% occupancy with 21 tenants, the property generates substantial income. The building, constructed in 1940 and situated on APN 07-2216-008-0089, features a two-story structure with 24 loading docks and 20 dock-high doors, facilitating efficient logistics. The layout is highly functional, comprising a main 13,000 sq ft area, ten 700 sq ft units, and ten 850 sq ft units, providing flexibility for diverse tenants. Zoned 7100 INDUSTRIAL - LIGHT MFG, this property benefits from its strategic location in North Miami Beach, providing easy access to major transportation routes and essential services. The asking price is $10,000,000, translating to $350.88 per square foot. This represents a rare chance to acquire a high-performing, multi-tenant warehouse in a thriving market. The property's size, location, and current occupancy make it an attractive investment for discerning buyers seeking strong cash flow and long-term appreciation.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1975
Construction CONCRETE
Total area 24,606 SF
Lot 1.38 ac (60,000 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 07-2216-008-0089
UPID US18-4075853
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.79M
Owner & transaction history
U S Small Business Administration · 4 yrs held
U S Small Business Administration
since 2021
7 recorded transactions
2021
Price N/A
2021
Price N/A
2020
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Official NMB Zoning Map
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