14411 Commerce WayMiami Lakes, FL 33016

Property Details for 14411 Commerce Way

Year built

1987

Construction

CONCRETE

Lot size

1.78 AC

Property size (Sq ft)

43,076 SF

Zone code

7700:INDUSTRIAL,RESTRICT

Property type

Office properties

Property subtype

Office buildings

APN

32-2022-006-0050

APU

3220220060050

Description

This exceptional four-story, Class B office building, totaling 40,000 square feet, presents a unique opportunity in the desirable Miami Lakes submarket. Built in 1987 and renovated in 2000, the property boasts a striking green glass exterior situated on a two-acre lot with ample landscaping and 150 parking spaces, including both covered and uncovered options. Security features include a secured common lobby with keycard access and camera surveillance. Internal access is facilitated by two elevators and three stairwells. The building offers flexible suite sizes, with a minimum divisible space of 500 square feet and a maximum contiguous space of 5,000 square feet currently available. Individual floor plans feature private bathrooms. On-site management and maintenance teams ensure efficient building operations. The property is zoned for office commercial use and conveniently located near Miami Lakes Dr. This single-building complex offers a professional and secure environment for businesses of all sizes. The building's location in Miami Lakes provides easy access to major roadways and amenities. The owner is highly motivated and committed to creating a lease agreement that meets tenant needs.

• CAP approach

  CAP return

  Valuation

  6%

  $12,213,114

  6.5%

  $11,273,644

  7%

  $10,468,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,075,439

  Geo Method

  $6,075,439

• Alternative Use

  Use

  Valuation

  Residential

  $13,979,319

  Hospitality

  $12,804,981

  Educational

  $10,653,594

  Medical

  $11,019,987

  Retail

  $16,572,257

Location Insight

City

Miami Lakes

County

Miami-dade

State

Florida

Latitude

25.9042

Longitude

-80.3283

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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