12750 17Th StMiami, FL 33182

Property Details for 12750 17Th St

Year built

2020

Property size (Sq ft)

2,174 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Office properties

Property subtype

Office buildings

APN

25-3935-025-0010

APU

2539350250010

Description

This exceptional 2,214-square-foot office space is ideally situated within the Flightway @ Panam Business Center. The property features a desirable open-concept design and is immediately available. Comprising two interconnected suites (Unit 209, 1,607 sq ft, and Unit 210, 607 sq ft), it offers flexibility and distinct areas. Unit 210, a high-end boutique-style space, is perfect for executive offices or client meetings. Each suite benefits from its own separate exterior retail entrance. This is a triple-net (NNN) lease with a base rent of $17.66 per square foot, totaling $39,099.24 annually or $3,258.27 monthly. NNN charges are $13.72 per square foot, amounting to $30,376.08 annually or $2,531.34 monthly. The total monthly rent is $5,789.61, plus sales tax. The NNN charges encompass HOA fees, water, exterior insurance, and 2023 real estate taxes. The property's zoning is 6200, and its APN is 25-39-35-025-0230. This single-tenant office building offers a turnkey solution for businesses seeking a modern and efficient workspace. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,410,454

  6.5%

  $1,301,957

  7%

  $1,208,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $832,338

  Geo Method

  $832,338

• Alternative Use

  Use

  Valuation

  Residential

  $1,614,427

  Hospitality

  $1,478,806

  Educational

  $1,230,350

  Medical

  $1,272,663

  Retail

  $1,913,877

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8908

Longitude

-80.2272

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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