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Property profile & analytics
FOR SALE
Manufacturing properties
3480 NW 41St St, Miami, FL 33142
Entity Owned
Absentee Owner
Free & Clear
Property ID
US19-0376559
For Sale
1 / 49
$12,500,000
3480 NW 41St St, Miami, FL 33142
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Property summary
AI-generated overview
This ±62,664 square foot industrial warehouse, situated on a 50,965 square foot lot at 3480 NW 41st Street in Miami, Florida (zip code 33142), presents a compelling investment opportunity. Priced at $12,500,000 ($199.48/sq ft), this vacant property boasts a pro-forma cap rate of 6.05% and a pro-forma NOI of $756,000. Built in 1968, the two-story building features a spacious layout with approximately 30,000 square feet on each floor, serviced by a freight elevator (passenger elevator temporarily out of service). The warehouse includes two loading docks and two dock-high doors, with ceiling heights of 11' and 14'. The property benefits from 55 parking spaces and is fully sprinklered, constructed with twin-T construction on both the roof and second floor. Its zoning is IU-2 / INDUSTRIAL - HEAVY MFG. Strategically located within a mile of Miami International Airport and approximately two miles from the Port of Miami/Miami Beach, this property enjoys superb frontage on the Airport Expressway (SR 112), a major Miami highway with over 190,000 daily vehicles, offering prime signage exposure. The property is located in an Opportunity Zone, potentially offering tax advantages for investors. The APN is 30-3121-050-0020. This is a NNN lease type property.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
CONCRETE
Total area
68,926 SF
Lot
1.17 ac (51,024 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3121-050-0020
UPID
US19-0376559
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
-
True X Miami | Exotic Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$7.00M
Owner & transaction history
Fresh Cut Flowers INC
Fresh Cut Flowers INC
since 2025
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Mar 6 2024)
Last sale anchor
$7.00M
Mar 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
$102 / 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
$71,857
Tax year 2023
Assessed value
$6,320,000
Assessed 2023
Previous assessed
$6,320,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,696,548
Assessed improvement
$4,623,452
Land market value
$1,696,548
Improvement market value
$4,623,452
Total market value
$6,320,000
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
For Sale
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
68,926 SF
Lot
1.17 ac (51,024 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3121-050-0020
UPID
US19-0376559
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Zoning 7300:INDUSTRIAL,HVY MFG · permitted uses
7300:INDUSTRIAL,HVY MFG · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
Fresh Cut Flowers INC
Entity
Free & Clear · 0 yrs held
Mailing address
1515 NW 22ND ST, MIAMI, FL 33142-7413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
$8,000,000
Fresh Cut Flowers INC
Zai Gezunt 3480 LLC
Warranty Deed
—
Mar 6, 2024
$6,999,000
Zai Gezunt 3480 LLC
3480 LLC
Special Warranty Deed
—
Jan 2, 2024
—
Judith A Frankel
3480 LLC
Warranty Deed
—
Dec 28, 2023
—
Judith A Frankel
3480 LLC
Warranty Deed
—
Dec 30, 2003
—
3480 LLC
Frankel,tr
Quit Claim Deed
related
—
Jan 16, 2003
$600,000
Judith,a Tr
Mercury Capital Corp
Grant Deed
—
—
—
Arimac Enterprises INC
—
Deed Of Trust
related
$750,000 · Mercury Capital Corp
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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