410 41St StMiami Beach, FL 33140

Property Details for 410 41St St

Year built

1986

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

69,379 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Office buildings

APN

02-3227-017-1160

APU

232270171160

Description

The Sheridan Center, a five-story, 60,000 square foot Class A office building in Miami Beach (410 W 41st St, 33140), offers diverse spaces ideal for coworking, medical, or creative office uses. Built in 1986 and renovated in 2019, this single building sits on a one-acre lot and features 16 suites, with a minimum divisible space of 100 square feet and a maximum contiguous space of 3,500 square feet. Currently, 3,500 square feet are vacant. The building includes two modern elevators and convenient valet parking for patients and visitors. Utilities include FPL power. Its central location on 41st Street near Arthur Godfrey Rd offers high visibility and easy access to Mount Sinai Hospital, restaurants, and other amenities. Zoning is 6600, APN is 02-32-27-017-1160. Lease terms are flexible, accommodating various needs and durations. The building provides a modern and comfortable environment for tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $59,900,672

  6.5%

  $55,292,928

  7%

  $51,343,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,562,444

  Geo Method

  $26,562,444

• Alternative Use

  Use

  Valuation

  Residential

  $68,563,232

  Hospitality

  $62,803,552

  Educational

  $52,251,816

  Medical

  $54,048,836

  Retail

  $81,280,600

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.8135

Longitude

-80.1279

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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