9950 40Th StOlympia Heights, FL 33165

Property Details for 9950 40Th St

Year built

1984

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

1,860 SF

Zone code

6061

Property type

Office properties

Property subtype

Office buildings

APN

30-4020-004-0060

APU

3040200040060

Description

This exceptional Class A, 1,860 square foot medical office building is available for lease. Situated on a 9,375 square foot lot at 9950 SW 40th St, this single-tenant property boasts a prime location on a state road, ensuring high visibility and convenient access. The building is ADA-compliant and features impact-resistant windows for added security. Inside, you'll find a comprehensive layout perfectly suited for a medical practice. Multiple exam rooms provide ample space for patient consultations, while a private office offers a quiet area for administrative tasks or consultations requiring privacy. A comfortable patient waiting area, a welcoming reception area, and secure records storage ensure efficient workflow. Staff convenience is addressed with a dedicated staff kitchen and two bathrooms. The property also includes an on-site x-ray machine, adding to its comprehensive functionality. The ample parking lot provides convenient parking for patients and staff. Zoned 6061, this property presents a unique opportunity for a medical practice seeking a turn-key solution in a high-traffic area. The APN is 30-40-20-004-0060.

• CAP approach

  CAP return

  Valuation

  6%

  $527,356

  6.5%

  $486,790

  7%

  $452,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,334

  Geo Method

  $262,334

• Alternative Use

  Use

  Valuation

  Residential

  $603,620

  Hospitality

  $552,913

  Educational

  $460,017

  Medical

  $475,838

  Retail

  $715,582

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7323

Longitude

-80.3569

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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