Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20200 NW 2Nd Ave Miami Gardens, FL 33169
    Property profile & analytics

    20200 NW 2Nd Ave, Miami Gardens, FL 33169

    View on Map
    • Manufacturing properties
    • 1,358 SF
    For Lease
    $2,900/Mo
    View Listing →
    Miami Gardens Warehouse For Lease For Lease
    $2,900/Mo
    1,358 SF

    Miami Gardens Warehouse For Lease

    Centrally located warehouse space available for lease in Miami Gardens.

    20200 NW 2nd Ave, Miami Gardens, FL 33169
    View Listing
    Property ID
    US18-4398417
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 20200 NW 2Nd Ave

    Year built
    2007
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Manufacturing properties
    APN
    34-1136-061-0200
    APU
    3411360610200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2024 $420,000 Jose Luis Sierra Pina Eduardo Miguel Rivero Jimenez Special Warranty Deed —
    Sep 9, 2022 $380,000 Eduardo Miguel Rivero Jimenez Fran Holdings LLC Warranty Deed $380k · Velocity Commercial Capital LLC
    Jan 16, 2014 $103,100 Fran Holdings LLC Four Seasons Prop Mgmt Group L Warranty Deed —
    Apr 5, 2013 $103,100 Four Seasons Prop Mgmt Group L Sg3 Developers LLC Warranty Deed —
    Sep 20, 2011 — Sg3 Developers LLC — Deed Of Trust · related $3.7M · Bankatlantic Fsb
    Nov 4, 2008 — Sg3 Developers LLC — Deed Of Trust · related $3.1M · Bankatlantic Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2059
    Latitude
    25.9605
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,882
    $0.00
    $0.00
    $298,760
    -
    $0.00
    $0.00
    $298,760

    Comparable in this City

    • Value Estimation
      $1,220,000
      6,952 SF

      1001 Park Ctr Blvd, Unit 1013

      MANUFACTURING (LIGHT)
      1001 Park Ctr Blvd, Miami Gardens, FL 33169-5340
      View Details
    • Value Estimation by Request
      1,562 SF

      20200 2nd Aved3

      MANUFACTURING (LIGHT)
      20200 2nd Aved3, Miami Gardens, FL 33169-2558
      View Details
    • Value Estimation by Request
      1,215 SF

      20200 2nd Aveb3

      MANUFACTURING (LIGHT)
      20200 2nd Aveb3, Miami Gardens, FL 33169-2558
      View Details
    • Value Estimation by Request
      1,582 SF

      20200 2nd Aved1

      MANUFACTURING (LIGHT)
      20200 2nd Aved1, Miami Gardens, FL 33169-2558
      View Details
    • Value Estimation by Request
      1,562 SF

      20200 2nd Aved5

      MANUFACTURING (LIGHT)
      20200 2nd Aved5, Miami Gardens, FL 33169-2558
      View Details
    • Value Estimation by Request
      1,562 SF

      20200 2nd Aved4

      MANUFACTURING (LIGHT)
      20200 2nd Aved4, Miami Gardens, FL 33169-2558
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,000 SF

      Industrial Building with Fenced Truck

      Freestanding industrial building featuring dock-high doors and fenced truck court.
      1365 NW 159Th St, Miami, FL 33169
      View Details
    • Contact for pricing
      10,800 SF

      Miami Gardens Warehouse Space Available

      Warehouse space with office, loading docks, and convenient highway access.
      1580-1600 NW 159Th Street Rd, Miami Gardens, FL 33169
      View Details
    • Contact for pricing
      10,800 SF

      Miami Warehouse Space Available

      10,800 SF warehouse space for lease in Miami.
      1600 NW 159 Dr, Miami, FL 33169
      View Details
    • $16 SF/Yr
      2,298 SF

      Miami Gardens Warehouse For Lease

      1-Story Warehouse, 2,298 SF, 3 Parking Spaces
      20200 2 Ave, Miami Gardens, FL 33169
      View Details
    • Contact for pricing
      6,416 SF

      Miami Flex/Industrial Space Available

      18,600 sq ft flex/industrial space for lease in Miami.
      1000 Park Centre Blvd, Miami, FL 33169
      View Details
    • Contact for pricing

      Industrial Space in Sunshine State Park

      Industrial suites available for lease with convenient highway access.
      16511 NW 8Th Ave, Miami, FL 33169
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20200 NW 2Nd Ave
    Miami Gardens, FL 33169
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20200 NW 2Nd Ave, Miami Gardens, FL, 33169
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!