Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3235 62nd St Miami, FL 33147-7531

    • Warehouses
    • 62,782 SF
    • 2.35 lot acres
    OFF-MARKET
    Last Sale
    Jan 07, 2022
    $11,200,000
    Value Estimations
    $10,840,000
    Show details
    Cap Rate Potential
    8%
    Warehouses
    Location Intelligence
    Property ID
    US18-0311584
    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

    • Crown Linen LLC - Miami / Corporate Office

    Property Details for 3235 62nd St

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    2.35 lot acres
    Property size
    62,782 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Warehouses
    APN
    30-3116-000-0282
    APU
    3031160000282

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,760,000
      ML approach
      $10,550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,492,000
      Market price range: $7.25M - $14.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $10,350,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $17,845,000
      Change: +72% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $16,825,000
      Change: +63% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2499
    Latitude
    25.8318
    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
    $102,654
    $2,459,760
    $4,194,240
    $6,654,000
    -
    $2,459,760
    $4,194,240
    $6,654,000

    Comparable in this City

    • Value Estimation by Request

      3138 75Th St

      Distribution properties
      3138 75Th St, Miami, FL 33147
      View Details
    • Value Estimation
      $3,840,000
      32,904 SF

      3359 67th St

      WAREHOUSE, STORAGE • 32,904 SF
      3359 67th St, Miami, FL 33147-7550
      View Details
    • Value Estimation
      $1,925,000
      16,785 SF

      3443 65th St

      WAREHOUSE, STORAGE • 16,785 SF
      3443 65th St, Miami, FL 33147-7546
      View Details
    • Value Estimation
      $16,890,000
      146,034 SF

      3250 65th St

      WAREHOUSE, STORAGE • 146,034 SF
      3250 65th St, Miami, FL 33147-7562
      View Details
    • Value Estimation
      $1,110,000
      7,800 SF

      7200 29th Ct

      WAREHOUSE, STORAGE • 7,800 SF
      7200 29th Ct, Miami, FL 33147-5960
      View Details
    • Value Estimation
      $1,180,000
      8,532 SF

      7340 35th Ave

      WAREHOUSE, STORAGE • 8,532 SF
      7340 35th Ave, Miami, FL 33147-5808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Space Near Miami

      10,930 SF warehouse space with office near Miami.
      3022 NW 73Rd St, Miami, FL 33147
      View Details
    • $5,695,000
      30,016 SF

      Multi-Tenant Warehouse with Automotive Uses

      30,016 SF multi-tenant warehouse suitable for automotive uses.
      7331 NW 27Th Ave, Miami, FL 33147
      View Details
    • $7,400,000
      29,475 SF

      Miami Warehouse: Prime Location

      29,475 SF Warehouse, Opportunity Zone
      1240 74Th St, Miami, FL 33147
      View Details
    • $6,650,000
      26,304 SF

      Hialeah Warehouse with Secured Yard

      Industrial warehouse with secured yard in a prime Hialeah location.
      7640 NW 36Th Ave, Miami, FL 33147
      View Details
    • $11,120,000
      46,837 SF

      Airport East Industrial Center Portfolio

      Income-producing industrial portfolio in the heart of Miami-Dade County.
      7455 Northwest 32Nd Ave, Miami, FL 33147
      View Details
    • Contact for pricing
      57,012 SF

      Renovated Warehouse with Covered Storage

      Renovated warehouse featuring dock-high doors, grade-level doors, and storage.
      6865 NW 36Th Ave, Miami, FL 33147
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      15,475 SF

      Freestanding Warehouse for Sublease

      15,475 SF warehouse for sublease on Hialeah/Miami border.
      3675 NW 67Th St, Miami, FL 33147
      View Details
    • $14 SF/Yr
      10,600 SF

      NW 71st St Warehouse For Lease

      10,600 SF Industrial Warehouse Available
      3303 71St St, Miami, FL 33147
      View Details
    • $14 SF/Yr
      20,250 SF

      Hialeah Warehouse: Prime Location

      Spacious warehouse, excellent parking, Miami.
      6700 37Th Ct, Miami, FL 33147
      View Details
    • $13 SF/Yr

      Spacious Warehouse with Extensive Office

      Large warehouse with over 8000 SF of built-out office space.
      3775 Nw 77Th St, Miami, FL 33147
      View Details
    • $19 SF/Yr
      3,500 SF

      NW 79th St Warehouse Opportunity

      3,500 SF Single-Tenant Warehouse
      3751 79Th St, Miami, FL 33147
      View Details
    • $17 SF/Yr
      18,200 SF

      Miami Warehouse Space For Rent

      18,200 SF warehouse in Miami's South Florida East Airport market.
      6700 Nw 36Th Ave, Miami, FL 33147
      View Details
    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.
    3235 62nd St
    Miami, FL 33147-7531
    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

    Google sign-in failed. Please try again or use another login method.