1125 125Th StNorth Miami, FL 33161

Property Details for 1125 125Th St

Year built

1971

Construction

CONCRETE

Lot size

1.05 AC

Property size (Sq ft)

30,903 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Office buildings

APN

06-2229-034-0090

APU

622290340090

Description

This exceptional 30,903-square-foot office space is located at 1125 NE 125th St #208 in North Miami, Florida, 33161. The property is a single-tenant office within a building containing only one suite, offering complete privacy and control. The building itself has recently undergone significant improvements, including a fresh coat of paint and the installation of a brand-new elevator, ensuring modern functionality and a professional aesthetic. The property's zoning is designated as 6300. Its advantageous location offers high foot traffic and is poised for further growth with significant nearby developments. Across the street, the Gardens Residences, a 358-unit apartment building, is slated for completion in Summer 2024. Additionally, a new five-building retail complex is under construction on an adjacent lot, projected to open in Winter 2024. This influx of residential and retail space will significantly increase foot traffic and enhance the property's visibility and value. The property's APN is 06-22-29-034-0090. This presents a unique opportunity to secure a substantial office space in a rapidly developing and highly desirable area of North Miami.

• CAP approach

  CAP return

  Valuation

  6%

  $20,049,332

  6.5%

  $18,507,076

  7%

  $17,185,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,831,523

  Geo Method

  $11,831,523

• Alternative Use

  Use

  Valuation

  Residential

  $22,948,774

  Hospitality

  $21,020,954

  Educational

  $17,489,186

  Medical

  $18,090,666

  Retail

  $27,205,402

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8912

Longitude

-80.176

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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