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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Manufacturing properties
2365 70th Ave # Miami, FL 33122-1819
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8706619
Property summary
AI-generated overview
This 1,681-square-foot warehouse, located at 2365 NW 70th Ave #20, offers a prime location minutes from the Palmetto Expressway and Miami International Airport Cargo Hub, with easy access to downtown Miami. The single-tenant space boasts 300 square feet of air-conditioned office space, a mezzanine with stairs, and a 20-foot ceiling height. Durable impact-resistant doors and windows enhance security. Amenities include a restroom and a double cooling drinking fountain within the warehouse. Two assigned parking spaces are provided, along with ample visitor parking. Exterior insurance, water, and common area maintenance are included. The property is zoned 0000 and has an APN of 30-30-35-021-0440. Showings are available only on Saturdays, with move-in ready on August 1st, 2024. This exceptional warehouse is perfect for businesses seeking convenient access to major transportation routes and Miami's vibrant commercial center. The property features a single suite within the building and a total of two parking spaces.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2010
Total area
1,250 SF
APN
30-3035-021-0370
UPID
US18-8706619
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
-
High Spirits Promotions Inc (Bike/Boat/Book/etc) Store Printing Service
-
BMG Aerospace Logistics Company Moving Company
-
La Escala Rebuilt Inspections Vehicle Inspection Center
-
MIA 305 CAR DETAILING Car Wash
-
Beautyvice (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Grand Bay Investors IV LLC · 1 yrs held
Grand Bay Investors IV LLC
since 2024
Last sale
$790,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+179.5%
Auto repair, garage
$815,000
+147.2%
Retail stores
$715,000
+116.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$790,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Change: +180% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: +147% · Conversion: Easy
RETAIL STORES
$715,000
Change: +116% · Conversion: Moderate
MEDICAL BUILDING
$550,000
Change: +66% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $790k (Sep 6 2024)
Last sale anchor
$790k
Sep 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$632 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,928
Tax year 2023
Assessed value
$406,250
Assessed 2023
Previous assessed
$406,250
+0.0% YoY
Effective rate
1.71%
On assessed value
Total market value
$406,250
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2010
Heating
NONE
Total area
1,250 SF
APN
30-3035-021-0370
UPID
US18-8706619
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES
Est. value
$715,000
MEDICAL BUILDING
Est. value
$550,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Current owner
From public records · entity-resolved
Grand Bay Investors IV LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2365 NW 70TH AVE UNIT C13, MIAMI, FL 33122-1822
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$790,000
Grand Bay Investors IV LLC
Becar Wholesale INC
Warranty Deed
—
Jun 13, 2022
—
Becar Wholesale INC
—
Deed
related
$360,000 · Giraldo Amaro
Oct 21, 2020
$360,000
August 27 2022 LLC
Serifos INC
Warranty Deed
$200,000 · Serifos INC
Apr 22, 2016
$340,000
Serifos INC
Wap Holdings LLC
Warranty Deed
—
Feb 9, 2015
$36,100
Wap Holdings LLC
West Arpt Palms Bus Pa Coc
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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