2387 68Th StHialeah, FL 33016

Property Details for 2387 68Th St

Year built

2008

Construction

CONCRETE

Lot size

0.70 AC

Property size (Sq ft)

36,914 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office properties

Property subtype

Office buildings

APN

04-2027-097-0020

APU

420270970020

Description

This Class A, 68,000-square-foot medical office building, constructed in 2007 and renovated in 2020, offers single-tenant suites ranging from approximately 1,530 to 6,200 square feet. Located at 2387 W 68th St, Hialeah, FL 33016, this property boasts a prime location adjacent to Palmetto General Hospital and a CVS Pharmacy, providing excellent visibility and accessibility. The building features 10-foot ceilings, ample windows offering unobstructed views, and a modern architectural style. Each suite includes a private bathroom, and common areas on each floor provide waiting areas and restrooms. Parking is abundant, with 80 spaces including covered and surface options. Building amenities include tenant-controlled A/C and electricity, a fully fire-sprinkler system, a high-speed elevator, and a tele-entry system with card access. The building also offers great signage exposure and can support 100 lbs per square foot of floor weight. Built to the latest hurricane code, it features high-impact glass windows, eliminating the need for shutters. This property is situated in a highly desirable area of Dade County, benefiting from a large labor market and proximity to first-class amenities. Convenient access from the Tri-County area is ensured by its location near the Palmetto Expressway and NW 122nd St (W 68th St). Square footage is approximate and may vary per unit.

• CAP approach

  CAP return

  Valuation

  6%

  $10,466,034

  6.5%

  $9,660,955

  7%

  $8,970,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,206,350

  Geo Method

  $5,206,350

• Alternative Use

  Use

  Valuation

  Residential

  $11,979,584

  Hospitality

  $10,973,235

  Educational

  $9,129,602

  Medical

  $9,443,583

  Retail

  $14,201,604

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8847

Longitude

-80.3307

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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