3655 107Th AveDoral, FL 33178

Property Details for 3655 107Th Ave

Year built

2004

Construction

CONCRETE

Lot size

2.33 AC

Property size (Sq ft)

16,105 SF

Zone code

7600:INTENSIVE USE

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

35-3029-001-0280

APU

3530290010280

Description

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.

• 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

Property Tax & Assessments

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