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    Property profile & analytics

    220 NW 137Th Ave Miami, FL 33182

    • Outlet malls
    • 1,440 SF
    • 2.44 lot acres
    For Sale
    View listing
    $8,400,000
    Last Sale
    May 22, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7398002
    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.

    Current Use by Public Records

    • family yoyo burgues / Food Processing Plant
    • Cachapas El Maracucho / Restaurant / Take-out & Catering
    • Los Jalapeños Taqueria / Restaurant
    • Family Paintball Center / Sports Field & Court / Arcade & Gaming Center
    • Jh carne en vara a la llanera Doral / Restaurant

    Property Details for 220 NW 137Th Ave

    Year built
    2016
    Lot size
    2.44 lot acres
    Property size
    1,440 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    30-4903-003-0032
    APU
    3049030030032

    Description

    Exceptional investment opportunity: a 7100 sq ft warehouse in Miami, Florida, listed at $8,200,000. This property boasts IU-1 zoning, permitting industrial and light manufacturing uses, including warehouses and storage facilities. Ideally situated near major highways – the 836 Dolphin Expressway and the Turnpike (less than 1000 feet from the 836) – it offers unparalleled accessibility. Currently equipped with well water and septic, the property benefits from its proximity to a neighboring site already connected to municipal water and sewer, simplifying utility connection upon purchase and development. Importantly, the land is not suitable for vehicle parking or machinery storage. Significant improvements have already been made, including the installation of a dry retention area (.26 acre) for surface water management, meeting Miami-Dade County elevation and flood criteria. Soil remediation has been completed, and permits are in place for the driveway/connection and FPL street post lights. Miami-Dade DERM Institutional and Engineering Controls have been implemented by the owner. This property presents a unique chance to develop a high-value industrial asset in a prime Miami location. 1031 exchange is permitted.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $396,000
      Market price range: $81.8k - $396k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $825,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4183
    Latitude
    25.7699
    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
    $39,077
    $3,328,630
    $112,350
    $3,440,980
    -
    $3,328,630
    $112,350
    $3,440,980

    Comparable in this City

    • Value Estimation
      $24,550,000
      102,748 SF

      1450 117th Pl

      WHOLESALE OUTLET, DISCOUNT STORE • 102,748 SF
      1450 117th Pl, Miami, FL 33182-1525
      View Details
    • Value Estimation by Request
      154,520 SF

      1650 117th Pl

      WHOLESALE OUTLET, DISCOUNT STORE • 154,520 SF
      1650 117th Pl, Miami, FL 33182-1526
      View Details
    • Value Estimation
      $44,090,000
      168,987 SF

      1720 117th Pl

      MINI-MALL • 168,987 SF
      1720 117th Pl, Miami, FL 33182-1522
      View Details
    • Value Estimation
      $940,000
      6,914 SF

      2150 117th Pl

      VEHICLE SALES, RENTALS • 6,914 SF
      2150 117th Pl, Miami, FL 33182-1533
      View Details
    • Value Estimation by Request

      Full-Service Cuban Restaurant For Sale In Medley

      Restaurants
      0 Full-Service Cuban Restaurant For Sale In Medley, Miami, FL 33182
      View Details
    • Value Estimation
      $2,300,000
      0.46 Acres

      715 135th Ct

      PARKING LOT • 0.46 Acres
      715 135th Ct, Miami, FL 33182
      View Details

    Similar Nearby for Sale

    • $1,300,000
      0.78 Acres

      Residential Land in Sweetwater, FL

      Cleared, fenced residential land in a prime Tamiami location.
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    • $8,200,000

      Miami Warehouse: $8.2M

      Industrial Warehouse, Miami, FL
      220 137Th Ave, Miami, FL 33182
      View Details
    • $220,000
      0.45 Acres

      Vacant Land in Miami

      Vacant land available in Miami, Florida.
      7 NW 137, Miami, FL 33182
      View Details
    • $8,400,000
      2.50 Acres

      Miami Industrial Land For Sale

      2.5 acres of industrial land with excellent connectivity.
      220 NW 137Th Ave, Miami, FL 33182
      View Details
    • $1,300,000
      0.75 Acres

      Residential Land in NW Miami

      0.76 acre residential lot in Sweetwater, ready for development.
      365 NW 128Th Ave, Sweetwater, FL 33182
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    Similar Nearby for Lease

    • $8 SF/Yr

      Warehouse Space Near Miami Airport

      Available warehouse with office space, convenient location, and ample parking.
      12950 Northwest 17Th St, Miami, FL 33182
      View Details
    • $1.44 SF/Yr
      42,000 SF

      Sweetwater Warehouse: 42,000 SF

      Prime Sweetwater industrial warehouse, single tenant, 5 parking spaces.
      2033 135Th Ave, Miami, FL 33182
      View Details
    • $0.10 SF/Yr
      2,214 SF

      Flightway Panam Office Suite

      2,214 sq ft Office, Single Tenant, Ready to Occupy
      12750 17Th St, Miami, FL 33182
      View Details
    • Contact for pricing
      5,160 SF

      Industrial Spaces Near Major Thoroughfares

      2,580 – 5,160 SF industrial spaces with easy access to SR-836 Ext.
      2000 NW 133Rd Ave, Miami, FL 33182
      View Details
    • $17 SF/Yr
      90,000 SF

      Miami Airport West Industrial Space

      Versatile warehouse space near Miami airport.
      1800 135Th Ave, Miami, FL 33182
      View Details
    • Contact for pricing
      6,974 SF

      Warehouse with Office and Mezzanine

      6,974 SF warehouse with office and mezzanine space for lease.
      2020 NW 129Th Ave, Miami, FL 33182
      View Details
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    Miami, FL 33182
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    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
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