1970 153rd St North Miami Beach, FL 33162-6062
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami Beach, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.