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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7205 4th Ave Miami, FL 33138-5342

    • Warehouses
    • 127,562 SF
    • 3.69 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2023
    $4,520,200
    Value Estimations
    $4,315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0426784
    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.

    Current Use by Public Records

    • Rail 71 Plaza / Shopping Mall
    • Wynwood Editions / Photo Lab / Photography Studio
    • Le Boudoir Studio Photography / Photo Lab / Photography Studio

    Property Details for 7205 4th Ave

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    3.69 lot acres
    Property size
    127,562 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Warehouses
    APN
    01-3207-052-0010
    APU
    132070520010

    Description

    Rail 71 offers 122,318 square feet of fully renovated Class A creative office space in Miami's vibrant Little River submarket. This multi-tenant property features 11 available suites ranging from 1,250 to 6,250 square feet, providing flexible floor plans ideal for innovative businesses. Located at 7205 NE 4th Ave, Miami, FL 33138, this prime location offers easy access to Wynwood, Midtown, the Miami Design District, and the greater Downtown Miami urban core. The building's expansive square footage and modern design make it one of the largest creative-flex spaces in Little River, perfect for tech enterprises or companies seeking a dynamic and inspiring work environment. The property is situated in Miami-Dade County and represents a significant opportunity within a thriving and creative neighborhood. This is a rare chance to secure space in a highly sought-after location, offering a blend of functionality and aesthetic appeal. The flexible layout allows for customization to suit diverse business needs, ensuring a productive and comfortable workspace. The building's modern amenities and strategic location combine to create an exceptional opportunity for businesses seeking a prominent presence in Miami's dynamic creative scene.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,870,000
      ML approach
      $4,355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,932,000
      Market price range: $4.90M - $8.72M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1889
    Latitude
    25.842
    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
    $264,743
    $5,628,280
    $12,897,720
    $18,526,000
    -
    $5,628,280
    $12,897,720
    $18,526,000

    Comparable in this City

    • Value Estimation
      $1,590,000
      9,984 SF

      290 68th St

      WAREHOUSE, STORAGE • 9,984 SF
      290 68th St, Miami, FL 33138-5520
      View Details
    • Value Estimation
      $965,000
      5,940 SF

      270 68th St

      WAREHOUSE, STORAGE • 5,940 SF
      270 68th St, Miami, FL 33138-5520
      View Details
    • Value Estimation
      $3,025,000
      23,870 SF

      325 69th St

      WAREHOUSE, STORAGE • 23,870 SF
      325 69th St, Miami, FL 33138-5523
      View Details
    • Value Estimation
      $1,930,000
      12,276 SF

      230 70th St

      WAREHOUSE, STORAGE • 12,276 SF
      230 70th St, Miami, FL 33138-5524
      View Details
    • Value Estimation
      $23,085,000
      137,080 SF

      7865 10th Ave

      WAREHOUSE, STORAGE • 137,080 SF
      7865 10th Ave, Miami, FL 33138-4721
      View Details
    • Value Estimation
      $4,070,000
      26,754 SF

      6454 4th Ave

      WAREHOUSE, STORAGE • 26,754 SF
      6454 4th Ave, Miami, FL 33138-6137
      View Details

    Similar Nearby for Sale

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      New Construction Versatile Warehouse Space

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      New warehouse with office space, AC, and backup generator.
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    • $17,000,000
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      Renovated warehouse featuring heavy power, offices, and multiple loading options.
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      Upgraded Flex-Warehouse Space in Miami

      Modern, versatile flex-warehouse space in Little River neighborhood.
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      Renovated Warehouse in Little River

      21,000 SF renovated warehouse in Miamis Little River District.
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    Similar Nearby for Lease

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      View Details
    • $1.09 SF/Yr
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      Miami Warehouse: Prime Location

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    • $2 SF/Yr
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      Miami Warehouse: 27,425 SF

      Spacious Miami warehouse, ideal for creative uses.
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      View Details
    • $43 SF/Yr
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      Miami Warehouse: 7,302 SF

      Modern Miami warehouse, ideal for diverse uses.
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      View Details
    • $0.02 SF/Yr
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      Little River Flex Warehouse Space

      Miami industrial space, 3,300 SF, renovated.
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      View Details
    • Contact for pricing

      Prime Miami Pop-Up Space

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      View Details
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    Miami, FL 33138-5342
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    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
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