Individually Owned 
For Sale
1 / 12
$2,460,000
3904 32Nd Ave, Miami, FL 33142
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Property summary
AI-generated overview
A centrally located warehouse in Miami’s NW industrial corridor providing 10,925 SF of open, usable industrial space suitable for storage and distribution, as well as light manufacturing; the interior layout is described as flexible to support a range of operational needs. The building is served by three grade-level loading doors to facilitate loading and unloading. The property is positioned for access to major transportation routes and is described as being near Miami International Airport. Public mobility metrics provided with the listing include BikeScore 47, walkScore 64, and transitScore 44.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
CONCRETE
Total area
10,925 SF
Lot
0.35 ac (15,285 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-3121-014-0690
UPID
US18-5001974
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2025
Last sale
$4.0M
2 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 15 comparables with addresses
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
10,925 SF
Lot area
0.35 ac
Year built
1957
Stories
1
APN
30-3121-014-0690
Zoning
7100:INDUSTRIAL,LIGHT MFG
Assessed value
$1,473,000
Annual tax
$17,652
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$17,652
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.85M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 9,985 SF
4.4 mi away · 13,190 SF
4.4 mi away · 11,690 SF
5.6 mi away · 10,839 SF
5.7 mi away · 12,240 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 83 sales
$237
+10%
Submarket 779 sales
$297
-12%
County 955 sales
$275
-5%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $261/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
7.24%
Selected cap rate for this other warehouses
Derived from the Miami market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.24%
9.0%
NOI (est.)
$178k *
Last sale · May 2025
$4.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.46M
Move the market yield to see immediate price impact.
Value / SF
$225
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.74%7.24%7.74%
$160k
$2.38M
$2.22M
$2.07M
$178k
$2.64M
$2.46M
$2.30M
$196k
$2.91M
$2.71M
$2.53M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$2.18M
0.2 mi · Nov 2025 · $200/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,652
Tax year 2023
Assessed value
$1,473,000
Assessed 2023
Previous assessed
$1,023,000
+44.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$534,975
Assessed improvement
$938,025
Land market value
$534,975
Improvement market value
$938,025
Total market value
$1,473,000
Applied tax rate
3,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1957
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
10,925 SF
Lot
0.35 ac (15,285 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-3121-014-0690
UPID
US18-5001974
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7100:INDUSTRIAL,LIGHT MFG
Jurisdiction
Miami, FL
Recorded code
7100:INDUSTRIAL,LIGHT MFG
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7100:INDUSTRIAL,LIGHT MFG in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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