7990 117 AveKendall, FL 33183

Property Details for 7990 117 Ave

Year built

1984

Construction

CONCRETE

Lot size

1.81 AC

Property size (Sq ft)

42,660 SF

Zone code

6900:SEMI PROFESS OFFICE

Property type

Office buildings

APN

30-4936-000-0150

APU

3049360000150

Description

This exceptional two-story office building, located at 7990 SW 117th Avenue in Miami, Florida (zip code 33183), offers a blend of executive and traditional office spaces. The 36,400 square foot building sits on one acre of land and is classified as Class B. Constructed in 1985 and extensively renovated in 2012, the property boasts a new roof, resurfaced parking area, upgraded landscaping, and fresh exterior paint. Currently, there are 3,528 square feet of vacant space available, with individual suites ranging from 172 to 5,726 square feet, perfect for businesses of various sizes. The building features ample free on-site parking, a significant advantage in this area. The property is zoned RU-5A and includes an elevator for convenient access to both floors. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-maintained, updated office space in a desirable Kendall location. The full-service lease offers competitive rates, making this a highly attractive investment. The property's APN is 30-4936-000-0750. This is a rare opportunity to secure office space in a well-maintained building with significant recent upgrades and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $12,095,168

  6.5%

  $11,164,770

  7%

  $10,367,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,016,766

  Geo Method

  $6,016,766

• Alternative Use

  Use

  Valuation

  Residential

  $13,844,315

  Hospitality

  $12,681,318

  Educational

  $10,550,708

  Medical

  $10,913,563

  Retail

  $16,412,213

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.6942

Longitude

-80.3827

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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