2433 7Th StMiami, FL 33125

Property Details for 2433 7Th St

Year built

1973

Construction

CONCRETE

Lot size

0.44 AC

Property size (Sq ft)

14,151 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Office properties

Property subtype

Office buildings

APN

01-3134-038-0040

APU

131340380040

Description

This exceptional 14,151-square-foot Class B office building, located at 2433 NW 7th St in Miami, presents a unique investment opportunity. The property boasts a prime corner location on a 19,110-square-foot lot, fully fenced and gated, and recently underwent a 50-year recertification (valid until 2033), showcasing significant exterior renovations. The building features ample parking (31 spaces), a rarity in the market. Currently, approximately 12,933 square feet is vacant, offering significant potential. The first floor comprises approximately 6,500 square feet of fully equipped and remodeled medical space, previously occupied by Caremax, featuring an X-ray room, numerous patient offices with plumbing for dental chairs, four bathrooms, and four A/C units. The second floor, totaling approximately 7,500 square feet, requires renovation but offers substantial space. The owner currently occupies approximately 1,000 square feet on the second floor, requiring a short-term leaseback. This property is zoned 6100 and is ideally suited for a medical center or school, offering a lease with an option to buy and short-term seller financing. The building, constructed in 1973, consists of one building with multiple suites. This is a rare opportunity to acquire a well-located, versatile office building with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $12,217,737

  6.5%

  $11,277,911

  7%

  $10,472,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,417,852

  Geo Method

  $5,417,852

• Alternative Use

  Use

  Valuation

  Residential

  $13,984,610

  Hospitality

  $12,809,828

  Educational

  $10,657,626

  Medical

  $11,024,158

  Retail

  $16,578,530

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7799

Longitude

-80.2361

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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