1125 125Th StNorth Miami, FL 33161

  • Office properties
  • 30,903 SF
For Lease
$0.50/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1125 125Th St, North Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$122,451
$4,110,300
$1,389,700
$5,500,000
-
$4,110,300
$1,389,700
$5,500,000

FAQs

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