This exceptional 15,314 square foot, multi-tenant retail center in Doral, Florida presents a compelling investment opportunity. Located at 3655 NW 107th Ave, this single-story, 2004-built property (renovated in 2024) boasts 100% occupancy across nine tenants under NNN leases with a remaining term of 5.1 years and 3% annual rent bumps. The property features 172 parking spaces and sits on a 0.78-acre lot. The strong financial performance is highlighted by a 5.78% cap rate and a NOI of $615,729, with an asking price of $10,645,000 ($695.12/sq ft). The center benefits from its strategic location on a major roadway with over 67,000 vehicles daily, adjacent to Nicklaus Children's Outpatient and Urgent Care Center, and directly across from the massive Bridge Point Doral logistics center. The affluent surrounding neighborhood, with an average household income exceeding $113,000 within a two-mile radius, ensures consistent high demand. Lease options are available, and the property is offered fee simple. This stabilized, multi-tenant NNN retail center provides a stable cash flow with significant upside potential due to the strong location and lease terms. The property's success is further ensured by its proximity to major transportation arteries, including easy access to Florida's Turnpike, the MIA Cargo Viaduct, and SRs 826 and 836, and its proximity to Miami International Airport and Port Miami. This is a rare opportunity to acquire a fully leased retail center in a high-barrier-to-entry market with exceptional long-term growth prospects.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$5,662,047
6.5%
$5,226,505
7%
$4,853,183
Comparable approach
Method
Valuation
Relative Method
$3,520,746
Geo Method
$3,520,746
Alternative Use
Use
Valuation
Residential
$5,226,505
Hospitality
$4,787,450
Educational
$3,983,102
Medical
$4,120,088
Retail
$6,195,937
Location Insight
City
Doral
County
Miami-dade
State
Florida
Latitude
25.8076
Longitude
-80.3687
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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