5465 36Th StMiami Springs, FL 33166

Property Details for 5465 36Th St

Year built

1979

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

16,188 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Office buildings

APN

05-3119-013-4860

APU

531190134860

Description

This exceptional Class A, free-standing office/flex building, totaling 16,188 square feet, is situated in Miami Springs, Florida, directly across from Miami International Airport. Built in 1979 and completely remodeled, this three-story building features 16 parking spaces and an elevator. The property sits on a 6,750 square foot lot and is zoned B-3 6200 - COMMERCIAL - ARTERIAL, allowing for a variety of uses. Currently configured as a professional recording studio, the building boasts soundproof walls, ceilings, doors, and windows, along with silent air conditioning and sound-dampening panels. All audio, video, and power cables are discreetly hidden within the walls. Each floor offers a private entrance, providing flexibility for single-tenant occupancy or separate leasing opportunities. Its prime location and adaptable design make it ideal for various businesses, including medical practices, law firms, architectural offices, and showroom spaces. This is a rare opportunity to acquire a meticulously maintained, highly functional building in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,589,700

  6.5%

  $4,236,646

  7%

  $3,934,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,283,156

  Geo Method

  $2,283,156

• Alternative Use

  Use

  Valuation

  Residential

  $5,253,440

  Hospitality

  $4,812,124

  Educational

  $4,003,630

  Medical

  $4,141,321

  Retail

  $6,227,869

Location Insight

City

Miami Springs

County

Miami-dade

State

Florida

Latitude

25.808

Longitude

-80.2869

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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