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

    7640 NW 36Th Ave Miami, FL 33147

    • Warehouses
    • 26,304 SF
    • 0.80 lot acres
    For Sale
    View listing
    $6,650,000
    Last Sale
    Jun 02, 2022
    $3,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0287268
    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

    • Warehouses

    Property Details for 7640 NW 36Th Ave

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    0.80 lot acres
    Property size
    26,304 SF
    Zone code
    7064
    Property type
    Warehouses
    APN
    30-3109-030-0100
    APU
    3031090300100

    Description

    This 26,304 sq ft Class B warehouse in Miami, FL, offers significant value-add potential. Located on a 0.8-acre lot, the property features three units, 16-foot ceilings, and is currently 100% occupied with below-market rents. Built in 1959 and renovated in 1999, the property benefits from a highly accommodating NCUAD zoning designation, allowing for a variety of commercial and industrial uses. Approximately 50% of the lease roll can be vacated by March 1, 2026, providing opportunities for owner-occupancy or lease rate increases to market value (~$17/SF). The property enjoys excellent access to major transportation arteries, including the Hialeah Expressway, Palmetto Expressway, I-95, and Miami International Airport. The asking price is $5,100,000. Access to one bay is via NW 76th St, with a lease on that lot extending to 2042, including two 30-year renewal options. A cell tower on the property can be relocated to facilitate redevelopment. This presents a compelling opportunity for investors seeking immediate revenue growth and long-term appreciation. The property's location in Miami's industrial core, combined with its flexible zoning and below-market rents, makes it an exceptional investment opportunity. The warehouse and adjacent land must be purchased together.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,815,000
      ML approach
      $3,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,036,000
      Market price range: $3.04M - $6.13M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,335,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2565
    Latitude
    25.8439
    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
    $36,581
    $866,475
    $1,278,525
    $2,145,000
    -
    $866,475
    $1,278,525
    $2,145,000

    Comparable in this City

    • Value Estimation by Request

      3138 75Th St

      Distribution properties
      3138 75Th St, Miami, FL 33147
      View Details
    • Value Estimation
      $1,260,000
      9,225 SF

      2737 75th St

      WAREHOUSE, STORAGE • 9,225 SF
      2737 75th St, Miami, FL 33147-5929
      View Details
    • Value Estimation
      $895,000
      6,214 SF

      2871 75th St

      WAREHOUSE, STORAGE • 6,214 SF
      2871 75th St, Miami, FL 33147
      View Details
    • Value Estimation
      $1,110,000
      7,800 SF

      7200 29th Ct

      WAREHOUSE, STORAGE • 7,800 SF
      7200 29th Ct, Miami, FL 33147-5960
      View Details
    • Value Estimation
      $1,925,000
      16,785 SF

      3443 65th St

      WAREHOUSE, STORAGE • 16,785 SF
      3443 65th St, Miami, FL 33147-7546
      View Details
    • Value Estimation
      $16,890,000
      146,034 SF

      3250 65th St

      WAREHOUSE, STORAGE • 146,034 SF
      3250 65th St, Miami, FL 33147-7562
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Space Near Miami

      10,930 SF warehouse space with office near Miami.
      3022 NW 73Rd St, Miami, FL 33147
      View Details
    • $7,400,000
      29,475 SF

      Miami Warehouse: Prime Location

      29,475 SF Warehouse, Opportunity Zone
      1240 74Th St, Miami, FL 33147
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    • Contact for pricing
      57,012 SF

      Renovated Warehouse with Covered Storage

      Renovated warehouse featuring dock-high doors, grade-level doors, and storage.
      6865 NW 36Th Ave, Miami, FL 33147
      View Details
    • $6,650,000
      26,304 SF

      Hialeah Warehouse with Secured Yard

      Industrial warehouse with secured yard in a prime Hialeah location.
      7640 NW 36Th Ave, Miami, FL 33147
      View Details
    • $11,120,000
      46,837 SF

      Airport East Industrial Center Portfolio

      Income-producing industrial portfolio in the heart of Miami-Dade County.
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      West Little River Warehouse Opportunity

      30,000 SF warehouse with large outdoor area in Miami.
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    Similar Nearby for Lease

    • $13 SF/Yr
      15,475 SF

      Freestanding Warehouse for Sublease

      15,475 SF warehouse for sublease on Hialeah/Miami border.
      3675 NW 67Th St, Miami, FL 33147
      View Details
    • $15 SF/Yr
      5,300 SF

      NW 71st St Warehouse Space Available

      5,300 SF Warehouse - Lease or Buy
      3303 71St St, Miami, FL 33147
      View Details
    • $16 SF/Yr
      11,700 SF

      NW 31st Ave Warehouse Space

      Warehouse space with multiple lease options available in Miami.
      7420 NW 31St Ave, Miami, FL 33147
      View Details
    • $6,800 /Mo

      Spacious Warehouse with Fenced Yard

      Industrial warehouse with fenced yard in East Hialeah.
      3303 NW 71St St, Miami, FL 33147
      View Details
    • Contact for pricing
      49,290 SF

      Industrial Space Available For Rent

      49,290 SF industrial space with office and parking.
      6955 NW 36Th Ave, Miami, FL 33147
      View Details
    • $19 SF/Yr
      3,500 SF

      NW 79th St Warehouse Opportunity

      3,500 SF Single-Tenant Warehouse
      3751 79Th St, Miami, FL 33147
      View Details
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    Miami, FL 33147
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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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