1990 149th St, North Miami, FL 33181-1164
- Warehouses
- 19,821 SF
- 7.88 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1990 149th St
- Year built
- 1973
- Construction
- CONCRETE
- Lot size
- 7.88 lot acres
- Zone code
- 7100:INDUSTRIAL,LIGHT MFG
- Property type
- Warehouses
- APN
- 06-2221-018-0020
- APU
- 622210180020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 28, 2019 | — | Nmb Partners LLC | Cofe Cix North Miami LLC | Warranty Deed | $22M · Citi Real Estate Funding INC |
| Aug 6, 2015 | $212,500 | Cofe Cix North Miami LLC | North Miami Business Park LLC | Special Warranty Deed | $15.9M · Jpmorgan Chase Bank NA |
| Dec 23, 2005 | $21,175,000 | North Miami Business Park LLC | Nmbp Associates Ltd | Grant Deed | — |
| Jun 11, 2002 | $10,700,000 | Nmbp Associates Ltd | North Miami Business Park | Grant Deed | — |
| — | — | Nmbp Associates Ltd | — | Deed Of Trust · related | $3.9M · Variable Annuity Life Ins Co |
Description
This exceptional 700,000 square foot industrial property, built in 1973, is ideally situated in North Miami, Florida (33181), in Miami-Dade County. Zoned M-1, it offers flexible space options perfect for a variety of businesses. The property features both flex and warehouse space, with a minimum divisible unit size of 600 square feet and a maximum contiguous space of 1,150 square feet. Currently, 1,750 square feet of space is immediately available. Multiple tenancy is possible. The location boasts excellent accessibility and proximity to major amenities. It's conveniently located west of US1, bordering Aventura, and across from the Solemia Development—a significant mixed-use project encompassing 6,000 residential units, office buildings, a hotel, and 700,000 square feet of retail space. Enjoy the convenience of nearby shopping options such as Chipotle, Costco, and Publix. This property presents a unique opportunity to establish a presence in a thriving and rapidly developing area. The building offers air-conditioned offices and private bathrooms within the units. This is a rare opportunity to secure space in a well-located, modern industrial building with excellent visibility and access.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,390,000
- 6.5%
- $4,975,000
- 7%
- $4,620,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $5,895,000 Current use
- RETAIL STORES
- $6,425,000 Change: +9% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $5,635,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.16
- Latitude
- 25.9121
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
