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Property profile & analytics
FOR LEASE
Industrial properties
5201 NW 74Th Ave Miami, FL 33166
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3504945
For Lease
1 / 50
$9.75 SF/Yr
5201 NW 74Th Ave, Miami, FL 33166
View Listing →
Property summary
AI-generated overview
The Aeromart Building, a two-story Class C office building (52,857 total square feet) in Miami, Florida, offers flexible office space for lease. Located at 5201 NW 74th Ave, Miami, FL 33166, in Miami-Dade County, this property boasts 11,300 square feet of immediately available space, divisible into units as small as 1,300 square feet, with a maximum contiguous space of 10,000 square feet. Built in 1973, the building features a central lobby, elevator access, and separate men's and women's restrooms on each floor. The available space is currently configured with 24 private offices, arranged along a central corridor, on the second floor. The layout is adaptable, and modifications to accommodate a single tenant are possible. The building is zoned IU-2 and enjoys 225 feet of frontage and signage visibility on NW 74th Ave, offering excellent exposure. This prime location in the Miami Airport West submarket provides easy access to major transportation routes.
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1973
Construction
CONCRETE
Total area
55,647 SF
Lot
2.21 ac (96,200 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3023-001-0150
UPID
US18-3504945
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.50M
Comparable Approach
Comparable
$10.82M
Blend (final)
Blend
$9.37M
Owner & transaction history
Leu Associates INC · 28 yrs held
Leu Associates INC
since 1998
1 recorded transaction
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,460,000
6.5%
$11,500,000
7%
$10,680,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,770,000
Current use
Blend value · Realmo final
$9.37M
Range $8.43M – $10.31M · ±10%
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
$168 / 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
$95,000
Tax year 2023
Assessed value
$8,557,000
Assessed 2023
Previous assessed
$8,557,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,848,000
Assessed improvement
$4,709,000
Land market value
$3,848,000
Improvement market value
$4,709,000
Total market value
$8,557,000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
For Lease
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
55,647 SF
Lot
2.21 ac (96,200 SF)
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-3023-001-0150
UPID
US18-3504945
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.8M
INDUSTRIAL (GENERAL) Current
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Leu Associates INC
Entity
Mailing address
4865 NW 72ND AVE, MIAMI, FL 33166-5618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 1998
$1,550,000
Leu Associates INC
Blueshire INC
Grant Deed
$1,162,500 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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