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Property profile & analytics
FOR LEASE
Warehouses
5255 Northwest 159Th St Miami Lakes, FL 33014
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-9522225
For Lease
1 / 3
$13.70 SF/Yr
5255 Northwest 159Th St, Miami Lakes, FL 33014
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
CONCRETE
Total area
175,919 SF
Lot
6.86 ac (299,002 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2118-004-0040
UPID
US18-9522225
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.89M
Owner & transaction history
Ag Rc III Palmetto Lakes Owner LLC
Ag Rc III Palmetto Lakes Owner LLC
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Lakes, 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 Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Lakes 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$342,020
Tax year 2023
Assessed value
$20,150,000
Assessed 2023
Previous assessed
$20,150,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$4,485,030
Assessed improvement
$15,664,970
Land market value
$4,485,030
Improvement market value
$15,664,970
Total market value
$20,150,000
Applied tax rate
3,400.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
175,919 SF
Lot
6.86 ac (299,002 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2118-004-0040
UPID
US18-9522225
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Lakes, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
6.86 ac
Current owner
From public records · entity-resolved
Ag Rc III Palmetto Lakes Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3414 PEACHTREE RD NE STE #950, ATLANTA, GA 30326-1166
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
Nov 19, 2025
—
Ag Rc III Palmetto Lakes Owner LLC
—
Deed
related
$21,030,000 · Sound Point Cre Senior Secured Income Re
Sep 25, 2025
$2,780,000
Ag Rc III Palmetto Lakes Owner LLC
Rpt Palmetto Lakes LLC
Special Warranty Deed
—
Jan 3, 2024
—
Rpt Palmetto Lakes LLC
—
Deed
related
$100,000,000 · Wells Fargo Bank NA
Feb 2, 2023
—
Rpt Palmetto Lakes LLC
—
Deed
related
$100,000 · Wells Fargo Bank NA
Jul 24, 2018
$12,350,000
Rpt Palmetto Lakes LLC
Realty Associates Fund 8 LP
Grant Deed
—
Feb 16, 2010
—
Realty Associates Fund Viii LP
—
Deed Of Trust
related
$585,000,000 · Wells Fargo Bank
Jan 10, 2008
$11,500,000
Realty Associates Fund Viii
Mori,eugene E
Grant Deed
—
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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