1195 71St StMiami, FL 33150

Property Details for 1195 71St St

Year built

1953

Construction

CONCRETE

Lot size

0.95 AC

Property size (Sq ft)

24,084 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Warehouses

APN

30-3111-024-0150

APU

3031110240150

Description

This exceptional free-standing warehouse building, located at 1195 NW 71st St, Miami, FL 33150, is offered for sale at $5,600,000. Situated in Little River, a submarket experiencing significant investment and development, this property presents a compelling opportunity for investors and end-users alike. The warehouse boasts desirable features including high ceilings, a comprehensive sprinkler system for safety, well-appointed office spaces, convenient dock-height loading for efficient operations, and ample on-site parking for employees and visitors. Its versatile design makes it suitable for a range of uses, encompassing light industrial operations, entertainment ventures, production facilities, or flexible-use spaces. The strategic location within Miami's urban core, coupled with easy access to I-95, ensures excellent connectivity to major landmarks and transportation arteries. The current owner occupies the property and is open to negotiating a short-term leaseback arrangement to facilitate a smooth transition. Alternatively, the property can be delivered vacant upon sufficient advance notice and a firm commitment from a buyer. This presents a unique opportunity to acquire a well-maintained, strategically located warehouse in a thriving Miami submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $33,975,900

  6.5%

  $31,362,400

  7%

  $29,122,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,753,300

  Geo Method

  $14,753,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,243,000

  Mixed-Use / Specialty

  $16,311,600

  Hospitality / Lodging

  $12,132,000

  Office

  $16,346,400

  Institutional / Educational

  $17,002,700

  Residential Income

  $19,893,200

  Multifamily

  $23,157,500

  Automotive / Energy

  $14,573,700

  Parking / Income-Based Land

  $4,904,240

  Restaurant / Food Service

  $8,753,770

  Healthcare / Senior Housing

  $16,597,500

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8398

Longitude

-80.2165

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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