Doral Atrium presents a unique redevelopment opportunity in a thriving Doral location. This project encompasses approximately 78,340 square feet of commercial space, currently undergoing transformation from an existing office complex. The site, situated on the northwest corner of Doral Boulevard and 79th Avenue, offers exceptional visibility and accessibility. The property includes 225 parking spaces to serve the retail tenants. Flexible space is available, ranging from 1,400 to 10,000 square feet, catering to a variety of retail businesses. Currently, 27,623 square feet are vacant, providing immediate occupancy potential. The 5.23-acre site benefits from its proximity to City Place Doral, a vibrant mixed-use development featuring a cinema, grocery store, residential units, and single-family homes. Furthermore, Downtown Doral, with its extensive residential and retail offerings, is just minutes away. This strategic location ensures high foot traffic and strong potential for tenant attraction. The development also includes a separate, eight-level residential project with 350 multi-family units and an additional 562 parking spaces, further enhancing the area's vibrancy and attracting a substantial resident population. This is an exceptional opportunity to establish a presence in a rapidly growing and affluent community. The cross streets are NW 36th Street & 79th Avenue.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,039,446
6.5%
$3,728,719
7%
$3,462,382
Comparable approach
Method
Valuation
Relative Method
$3,444,738
Geo Method
$3,444,738
Alternative Use
Use
Valuation
Residential
$3,145,314
Hospitality
$2,881,091
Educational
$2,397,034
Medical
$2,479,472
Retail
$3,728,719
Location Insight
City
Doral
County
Miami-dade
State
Florida
Latitude
25.809
Longitude
-80.3257
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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