5040 7Th StMiami, FL 33126

Property Details for 5040 7Th St

Year built

1986

Construction

CONCRETE

Lot size

1.33 AC

Property size (Sq ft)

87,654 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office properties

Property subtype

Office buildings

APN

01-4106-127-0010

APU

141061270010

Description

This exceptional nine-story, 104,307 square foot Class A medical and professional office building is located at 5040 NW 7th St, Miami, FL 33126. Built in 1986, the property offers multiple tenancy options with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 6,500 square feet. The building features a recently renovated lobby, on-site and valet parking, and is conveniently located in the Miami Airport Submarket, providing easy access to major roadways including Florida's Turnpike, the Dolphin and Palmetto Expressways, and I-95. Its prime location within a thriving medical hub boasts approximately 150 physician groups within a three-mile radius and seven hospitals within a 25-minute drive. The building enjoys high visibility with over 40,000 vehicles passing daily on NW 7th Street and over 180,000 vehicles daily on the nearby Dolphin Expressway. Building signage is available. This property presents a unique opportunity for medical or professional practices seeking a prestigious and accessible location in Miami. The building includes elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $24,852,082

  6.5%

  $22,940,384

  7%

  $21,301,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,362,720

  Geo Method

  $12,362,720

• Alternative Use

  Use

  Valuation

  Residential

  $28,446,076

  Hospitality

  $26,056,452

  Educational

  $21,678,664

  Medical

  $22,424,226

  Retail

  $33,722,364

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7779

Longitude

-80.2768

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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