Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

6450 NW 97 Ave

Doral, FL 33178  ·  Warehouse/Distribution  ·  Folio 3530170010490
Building
345,222
square feet
Lot
800,110
18.37 acres
Year built
2024
2 years old
Assessed value
$55,682,339
$161/SF assessed

Ownership and recorded sale history

Owner of recordTERRENO ROYAL PALM LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2020 — $21,000,000
At that sale$61/SF
Years since6 years
Miami-Dade County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Doral North / NW 41st Street

Recorded transactions for industrial properties in the NW 41st Street and NW 99th Avenue business parks, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2025
Median price/SF
$243
$127 – $362
Median size
20,193
square feet
Median vintage
2013
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $161/SF. Recorded sales of industrial properties in Doral North / NW 41st Street since 2021 have a median of $243/SF, across a range of $127/SF to $362/SF.

Across those 8 recorded sales, the median sale price came in at 0.94× 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 345,222 SF this building is materially larger than the 20,193 SF median for industrial properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 100th percentile of industrial properties that have traded in this corridor — 0 of the 81 recorded sales were of larger buildings.

The assessment works out 34% 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

PropertySizeBuiltSoldPricePer SF
3500 NW 114 Ave
Warehouse/Distribution
54,13920002025$16,750,000$309
5900 NW 97 Ave C-14 + 2 more parcels
Warehouse/Distribution · combined 22,800 SF portfolio sale
22,80020032025$4,000,000$175
3605 NW 115 Ave
Warehouse/Distribution
45,72319982024$14,500,000$317
6371 NW 102 Ave 112 + 1 more parcel
Warehouse/Distribution · combined 17,586 SF portfolio sale
17,58620232024$6,189,800$352
6371 NW 102 Ave 105 + 1 more parcel
Warehouse/Distribution · combined 16,281 SF portfolio sale
16,28120232024$5,895,000$362
6371 NW 102 Ave 110 + 1 more parcel
Warehouse/Distribution · combined 16,431 SF portfolio sale
16,43120232024$2,887,300$176
6371 NW 102 Ave 103 + 1 more parcel
Warehouse/Distribution · combined 16,454 SF portfolio sale
16,45420232024$2,082,600$127
5900 NW 97 Ave C-5 + 3 more parcels
Warehouse/Distribution · combined 30,400 SF portfolio sale
30,40020032021$4,800,000$158
Recorded sale prices from Miami-Dade County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Miami-Dade County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 3530170010490." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.