Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4201 37Th Ct Miami, FL 33142
    Back to Search
    Property profile & analytics

    4201 37Th Ct Miami, FL 33142

    View on Map
    • Warehouses
    • 101,685 SF
    • 3.27 lot acres
    For Lease
    $24,000,000
    View Listing →
    Industrial Warehouse Near Miami Airport For Lease
    $24,000,000
    104,075 SF

    Industrial Warehouse Near Miami Airport

    104,075 SF warehouse space minutes from Miami International Airport.

    4201 NW 37th Ct, Miami, FL 33142
    View Listing
    Property ID
    US18-3516121
    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.
    Value Estimations
    $24,000,000
    Cap Rate Potential
    6.9%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4201 37Th Ct

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    3.27 lot acres
    Property size
    101,685 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Warehouses
    APN
    04-3120-018-0780
    APU
    431200180780

    Description

    This prime Miami industrial warehouse, located on NW 37th Court, offers 104,075 square feet of rentable space, with 9,500 square feet currently vacant. The property boasts a Class B rating, was built in 1974 and renovated in 2024. Seven individual units are available, ranging from 3,300 to 9,500 square feet, allowing for flexibility to accommodate various business needs. Units can be combined to create larger spaces. The single-story building features expansive 18- to 20-foot clear height ceilings, 25 grade-level drive-in doors for efficient loading and unloading, and ample parking with 15 total spaces. The 3.27-acre lot is zoned M-1 Industrial. The building is all-electric with 3-phase 120/240V power, and the roof is under warranty. Its strategic location offers easy access to Miami International Airport and major expressways, making it an ideal location for businesses seeking efficient operations and convenient transportation links. The property is professionally managed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,000,000
      ML approach
      $24,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $27,645,000
      6.5%
      $25,520,000
      7%
      $23,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,681,000
      Market price range: $17.5M - $39.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $24,060,000
      Current use
      RETAIL STORES
      $30,005,000
      Change: +25% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $28,900,000
      Change: +20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2572
    Latitude
    25.8132
    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
    $148,846
    $5,693,680
    $7,652,320
    $13,346,000
    -
    $5,693,680
    $7,652,320
    $13,346,000

    Comparable in this City

    • Value Estimation
      $1,525,000
      11,570 SF

      3545 50th St

      WAREHOUSE, STORAGE • 11,570 SF
      3545 50th St, Miami, FL 33142-3931
      View Details
    • Value Estimation
      $1,390,000
      10,000 SF

      3501 51st St

      WAREHOUSE, STORAGE • 10,000 SF
      3501 51st St, Miami, FL 33142-3236
      View Details
    • Value Estimation
      $4,195,000
      30,832 SF

      3747 52nd St

      WAREHOUSE, STORAGE • 30,832 SF
      3747 52nd St, Miami, FL 33142-3246
      View Details
    • Value Estimation
      $1,470,000
      9,338 SF

      3112 36th St

      WAREHOUSE, STORAGE • 9,338 SF
      3112 36th St, Miami, FL 33142-5162
      View Details
    • Value Estimation
      $3,260,000
      21,496 SF

      3100 36th St

      WAREHOUSE, STORAGE • 21,496 SF
      3100 36th St, Miami, FL 33142-5162
      View Details
    • Value Estimation
      $3,955,000
      32,561 SF

      5201 37th Ave

      WAREHOUSE, STORAGE • 32,561 SF
      5201 37th Ave, Miami, FL 33142-3216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,200 SF

      Mixed-Use Building Near Miami Airport

      Mixed-use building with commercial-residential zoning near Miami International Airport.
      1330 NW 54Th St, Miami, FL 33142
      View Details
    • Contact for pricing
      5,600 SF

      Allapattah Warehouse with Loading Docks

      5,600 SF warehouse in Miami's evolving Allapattah neighborhood.
      1500 NW 22Nd St, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,050 SF

      Allapattah Flex Space Available

      Miami Flex Space: Modern & Versatile
      1724 22Nd St, Miami, FL 33142
      View Details
    • $31 SF/Yr

      Remodeled Warehouse in Garment District

      Freestanding, remodeled warehouse suitable for warehouse/retail/office use.
      2047 NW 24Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing

      Industrial Warehouse Near Miami Airport

      104,075 SF warehouse space minutes from Miami International Airport.
      4201 NW 37Th Ct, Miami, FL 33142
      View Details
    • Contact for pricing
      6,000 SF

      Allapattah Warehouse Space Available

      6,000 SF warehouse in Allapattah with excellent connectivity.
      2051 NW 15Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing

      Industrial Unit with Cold Storage

      4,357 SF industrial unit with cold storage in Miami.
      2151 NW 13Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing
      6,600 SF

      Miami Center of Commerce Space

      Premier industrial property near Miami Airport with flexible spaces.
      3555-3567 NW 33Rd St, Miami, FL 33142
      View Details
    View Listing
    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.
    4201 37Th Ct
    Miami, FL 33142
    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

    Thank You for Inquiry
    4201 37Th Ct, Miami, FL, 33142
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!