1313 167Th StMiami Gardens, FL 33169

Property Details for 1313 167Th St

Year built

1993

Lot size

12.76 AC

Property size (Sq ft)

134,246 SF

Zone code

6500:COMMERCIAL,CLASSIF

Property type

Office properties

Property subtype

Office buildings

APN

34-2111-032-0030

APU

3421110320030

Description

This exceptional Miami Gardens property offers a 134,246 square foot, single-story Class B office building situated on a substantial 12.76-acre lot. Built in 1993, the property boasts a prime location with exceptional visibility from the Palmetto Expressway near the Golden Glades Interchange, providing immediate access to I-95, the Florida Turnpike, and the Palmetto Expressway. Its strategic location offers easy access to major South Florida roadways and is within 10 minutes of Downtown Miami and Aventura. The property is also conveniently located near Fort Lauderdale-Hollywood International Airport and Miami International Airport (less than 20 miles). The site benefits from aggressive mixed-use zoning (BU-2, Miami, 6500), presenting significant development potential. Surrounding the property are numerous retailers, including Ashley Furniture, City Furniture, Rooms To Go, and a Mercedes-Benz dealership, further enhancing its appeal. The property's large land footprint and high-quality existing building make it an attractive investment opportunity. The asking price is $25 million, with a land value of $25 per square foot. The occupancy date is March 20, 2023. This is a rare opportunity to acquire a substantial property with significant upside potential in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $36,112,700

  6.5%

  $33,334,798

  7%

  $30,953,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,934,056

  Geo Method

  $18,934,056

• Alternative Use

  Use

  Valuation

  Residential

  $41,335,152

  Hospitality

  $37,862,776

  Educational

  $31,501,386

  Medical

  $32,584,766

  Retail

  $49,002,156

Location Insight

City

Miami Gardens

County

Miami-dade

State

Florida

Latitude

25.9291

Longitude

-80.2229

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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