18600 87Th AveHialeah, FL 33015

Property Details for 18600 87Th Ave

Year built

2006

Construction

CONCRETE

Lot size

13.24 AC

Property size (Sq ft)

113,050 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Community centers

APN

30-2004-012-0010

APU

3020040120010

Description

This exceptional retail property, Sedano's Plaza Lakes on the Green, located at 18600 NW 87th Ave in Miami Gardens, Florida (zip code 33015), presents a compelling investment opportunity. The property is a multi-tenant strip center and office complex boasting a total of 130,738 square feet. Currently, there is 1,535 square feet of vacant space available, ideally suited for a variety of uses. The vacant space is a fully built-out office suite, featuring five individual offices, ready for immediate occupancy. The property's strategic location in Miami-Dade County ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a presence in this thriving market. The property's existing tenant mix contributes to a strong and stable income stream. This is a rare opportunity to acquire a well-maintained, established retail center with immediate income potential and the added benefit of readily available office space. The property's size and configuration offer flexibility for a range of business types, making it a versatile and valuable asset. Detailed financial information is available upon request. Don't miss this chance to secure a prime retail and office space in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $44,704,012

  6.5%

  $41,265,240

  7%

  $38,317,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,180,320

  Geo Method

  $40,180,320

• Alternative Use

  Use

  Valuation

  Residential

  $34,808,776

  Hospitality

  $31,884,650

  Educational

  $26,527,656

  Medical

  $27,439,982

  Retail

  $41,265,240

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.9438

Longitude

-80.3438

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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