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    6966 50th St1-1 Miami, FL 33166-5632

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    6966 50th St1-1 Miami, FL 33166-5632


    • Manufacturing properties
    • 4,917 SF
    Off-Market
    Last Sale Nov 29, 2023
    $970,000
    Property ID
    US18-0110812
    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
    $960,000
    Show details
    Cap Rate Potential
    8.8%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • South Florals Group / (Bike/Boat/Book/etc) Store / Florist
    • Flower Market / Big Box & Wholesale Store

    Property Details for 6966 50th St1-1

    Year built
    1988
    Property size
    4,917 SF
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Manufacturing properties
    APN
    30-3023-033-0010
    APU
    3030230330010

    Description

    This exceptional industrial property, located at 6966 NW 50th St in Miami, Florida (33166), presents a unique investment opportunity. Built in 1988, this manufacturing and warehouse space is offered at an asking price of $200,000. The property boasts dual dock-height loading capabilities, ensuring efficient and seamless operations. A significant advantage is the inclusion of twin walk-in cooler and freezer units, ideal for various businesses requiring temperature-controlled storage. The warehouse area is fully climate-controlled with air conditioning, a feature rarely found in industrial spaces of this type. Its previous use as a flower wholesale distribution business speaks to its suitability for similar operations or businesses requiring substantial storage and climate control. The property's location in Miami-Dade County provides excellent access to major transportation routes and a thriving market. This versatile space is well-suited for a variety of uses, including manufacturing, wholesale distribution, and showroom operations, particularly for businesses dealing with temperature-sensitive products such as CBD/THCA products. The property's features and prime location make it an attractive investment opportunity for discerning buyers seeking a functional and well-equipped industrial space in a dynamic market. The property is situated at 25.8183832 latitude and -80.3104976 longitude.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,015,000
      7%
      $945,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,088,000
      Market price range: $779k - $1.50M
      AI Estimate
      $581,000
      Market price range: $184k - $1.05M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,130,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,400,000
      Change: +24% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,370,000
      Change: +21% Conversion: Easy

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


    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3104
    Latitude
    25.8182
    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
    $11,616
    $0.00
    $0.00
    $860,475
    -
    $0.00
    $0.00
    $860,475
    More about this property
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