Entity Owned Property summary
AI-generated overview
The property at 660 NW 137th St, North Miami, FL 33168 is an industrial warehouse in North Miami’s Central Miami submarket. It is a Class C, single-story, single-tenant building with approximately 11,000 square feet constructed in 1976, situated on a 0.468-acre lot. The warehouse layout includes one drive-in door measuring approximately 12 feet wide by 18 feet high and is configured for delivery access and truck circulation. The site provides 10 on-site parking spaces (about 0.91 spaces per 1,000 square feet). The property is zoned B-1, supporting a variety of industrial and commercial uses, with potential suitability for logistics, distribution, light manufacturing, or service-based industrial users. It has frontage along NW 137th St and is positioned near major transportation corridors, including I-95 and NW 135th Street.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
CONCRETE
Total area
10,807 SF
Lot
0.47 ac (20,372 SF)
Zoning code
6601:COMMERCIAL
APN
06-2124-002-0710
UPID
US18-3349918
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
$2.24M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.08M
Owner & transaction history
since 2023
5 recorded transactions
Zoning & alternative use
6601:COMMERCIAL · North Miami, FL
Top alternative use upside
Warehouse, storage
$3.2M
+11.0%
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.
All 11 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.08M
Value range
$1.87M – $2.28M
±10% around blend
Estimated value / SF
$192 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$1.87M
blend $2.08M
$2.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,807 SF
Lot area
0.47 ac
Year built
1976
Stories
1
APN
06-2124-002-0710
Zoning
6601:COMMERCIAL
Assessed value
$2,415,000
Annual tax
$30,371
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.24M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.42M
@ 6.5% CAP return
$2.24M
@ 7% CAP return
$2.08M
4
Sales comparison
Partial preview
Sales approach indication
$3.94M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.4 mi away · 8,452 SF
7.7 mi away · 10,226 SF
9.0 mi away · 8,262 SF
12.6 mi away · 11,289 SF
13.4 mi away · 13,162 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 1600 sales
$268
-28%
County 2032 sales
$249
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $192/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+11%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Not available
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 · 11 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.42M
Move the market yield to see immediate price impact.
Value / SF
$223
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
5.00%7.00%9.00%
$152k
$3.04M
$2.17M
$1.69M
$169k
$3.38M
$2.42M
$1.88M
$186k
$3.72M
$2.66M
$2.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$3.17M
5.2 mi · Jan 2026 · $230/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,371
Tax year 2023
Assessed value
$2,415,000
Assessed 2023
Previous assessed
$2,415,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$448,184
Assessed improvement
$1,966,816
Land market value
$448,184
Improvement market value
$1,966,816
Total market value
$2,415,000
Applied tax rate
600.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
10,807 SF
Lot
0.47 ac (20,372 SF)
Zoning code
6601:COMMERCIAL
APN
06-2124-002-0710
UPID
US18-3349918
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6601:COMMERCIAL · North Miami, FLZoning 6601:COMMERCIAL · permitted uses
6601:COMMERCIAL · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6601:COMMERCIAL
Jurisdiction
North Miami, FL
Recorded code
6601:COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6601:COMMERCIAL in North Miami, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
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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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