1125 125Th StNorth Miami, FL 33161
- Office properties
- 30,903 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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