KB

KEY BAY CAPITAL

Investor Room

Pipeline and parcel diligence

Doral SW 137th - 4.2 Acres site preview

Miami Airport West

Doral SW 137th - 4.2 Acres

SW 137th Avenue corridor, Doral, FL

Public folio mask: 35-3029-***-3000

Under Screen

Ask

$6.2M

Broker

Acreage

4.20 acres

Broker

Land basis

$33.89 / SF

Diligence score

7.3 / 10

Underwriting notes

CDMP already trends industrial. Good corridor quality with a moderate zoning execution path.

Fit to Corridor Memo

Supported exit

$77.09 / SF

Spread to corridor exit

$43.20 / SF

Current zoning

BU-3

Target zoning

IU-1

This screen inherits the corridor-level power, cap-rate and rack-rate assumptions from the corridor memo. It is not presented as a parcel-specific appraisal or utility commitment.

Open full corridor memo

Execution Checklist

1. Verify zoning path

Confirm whether the site clears today under BU-3 or needs a conversion into IU-1.

2. Request utility letter

Corridor assumptions are only a screen. No IC committee should rely on them without a parcel-specific utility response.

3. Environmental gate

Run Phase I before hard pursuit on any non-core parcel, especially in Opa-Locka or conversion-heavy Medley screens.

Source Stack

Metrobloks Acquires Land in Miami, FL to Build 15.2MW AI-Ready Data Center

Metrobloks2025-03-31

Verified

Confirms 500 NW 137th Avenue, 4.05-acre acquisition, 15.2 MW project scope, adjacency to FPL substation, and Miami digital-gateway positioning.

Open source

Miami MIA A1 Site Page

Metrobloks2026-03-31

Verified

Current site page states 16.8 MW critical IT, 22 MW secured from FPL with will-serve letter, 200 feet to 230 kV substation and fully entitled telecom/data-center use.

Open source

North America Data Center Trends H2 2025

CBRE Research2026-02-26

Verified

Primary-market average asking rate increased to $195.94/kW/month. Sites with power access inside 18-36 months are highly sought after. Powered sites in Northern Virginia and the Northeast exceeded $8 million per acre.

Open source

Data center availability crisis deepens as vacancy hits historic low

JLL2025-08-22

Verified

JLL says North America inventory reached 15.5 GW in H1 2025 and average asset-level cap rates held around 6%.

Open source

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