98 NE 74 St

Ownership and recorded sale history

What has actually traded in Upper Biscayne / NE 79th

Recorded transactions for industrial properties in the upper Biscayne Boulevard and NE 79th Street corridor, narrowed to the buildings closest to this one in size and age.

Reading this against the corridor

The county assesses this building at $241/SF. Recorded sales of industrial properties in Upper Biscayne / NE 79th since 2022 have a median of $301/SF, across a range of $222/SF to $378/SF.

Across those 8 recorded sales, the median sale price came in at 1.36× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 4,050 SF this is a smaller building than the 9,948 SF median for industrial properties trading here. Smaller footprints in this segment typically transact at a higher price per square foot.

By footprint it sits in roughly the 0th percentile of industrial properties that have traded in this corridor — 8 of the 8 recorded sales were of larger buildings.

The assessment works out 20% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage