10605 186Th StMiami, FL 33157

  • Retail properties
  • 5,000 SF
For Lease
$26/SF/YR View listing

Property Details for 10605 186Th St

Year built
1997
Construction
STEEL FRAME
Lot size
0.29 AC
Property size (Sq ft)
5,000 SF
Zone code
7050
Property type
Retail properties
Property subtype
Other automotive properties
APN
30-6005-009-0030
APU
3060050090030

Description

This exceptional 5,000-square-foot free-standing warehouse in Miami's Cutler Bay submarket presents a compelling investment opportunity. Situated on a substantial 25,337-square-foot lot, this single-story building offers 20-foot ceilings and two oversized grade-level loading docks, ideal for efficient material handling. Built in 1997, the structure features a Butler-style design and boasts an 18.5-foot clear height, accommodating large equipment and vehicles. The property's zoning, IU-1 (Light Manufacturing District), allows for a variety of light industrial uses. Its prime location on SW 186th Street (Quail Roost Drive) provides excellent visibility and accessibility. Strategically located just half a mile from US-1 and the Florida Turnpike, this warehouse offers seamless connectivity to major transportation arteries, including the nearby South Dixie Highway, making it perfect for distribution or manufacturing businesses. The property's Miami-Dade County location, within the Perrine/Cutler Bay submarket, benefits from a strong industrial and commercial presence, promising sustained growth and operational success. The APN is 30-6005-009-0030, 30-6005-009-0040.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,283,609
    6.5%
    $4,877,178
    7%
    $4,528,808
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,099,695
    Geo Method
    $4,099,695
  • Alternative Use

    Use
    Valuation
    Residential
    $4,114,082
    Hospitality
    $3,768,477
    Educational
    $3,135,328
    Medical
    $3,243,157
    Retail
    $4,877,178
10605 186Th St, Miami, Florida

Location Insight

City
Cutler Bay
County
Miami-dade
State
Florida
Latitude
25.5964
Longitude
-80.3637
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
$10,735
$378,900
$248,003
$626,903
-
$378,900
$248,003
$626,903

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