This exceptional Miami retail property, located at 300 SW 17th Ave, offers a compelling investment opportunity with a 6.20% cap rate. The 6,893 square foot building sits on a 9,029 square foot lot and is currently vacant, presenting a unique chance for owner-users or investors. Built in 1956, the property underwent a complete renovation in 2022, encompassing new electrical systems, plumbing, HVAC, and grease traps. The four units are ideal for QSR or restaurant operations, benefiting from high ceilings and modern amenities. The property's prime location in Miami, Florida (33135), provides excellent visibility and accessibility. With a Net Operating Income (NOI) of $217,070 and an asking price of $3,500,000, this property offers a strong return on investment. The property features 24-hour access and ample signage potential, maximizing its appeal to potential tenants. This fully occupied, high-performing asset is ready for immediate returns. The price per square foot is $507.76.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$8,748,413
6.5%
$8,075,458
7%
$7,498,640
Comparable approach
Method
Valuation
Relative Method
$6,650,416
Geo Method
$6,650,416
Alternative Use
Use
Valuation
Residential
$6,811,951
Hospitality
$6,239,710
Educational
$5,191,366
Medical
$5,369,905
Retail
$8,075,458
Location Insight
City
Miami
County
Miami-dade
State
Florida
Latitude
25.7696
Longitude
-80.2229
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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