3850 87Th AveMiami, FL 33165

Property Details for 3850 87Th Ave

Year built

1990

Construction

CONCRETE

Lot size

0.76 AC

Property size (Sq ft)

21,496 SF

Zone code

6062

Property type

Office properties

Property subtype

Office buildings

APN

30-4016-007-0181

APU

3040160070181

Description

This exceptional special-purpose property at 3850 SW 87th Ave offers a significant 21,496 square foot building, currently configured as a single-tenant occupancy. The building is three stories high, with the available space situated on the second floor. This highly visible location sits on a busy corner, providing excellent street exposure and accessibility. The second-floor office suite encompasses approximately 1,800 square feet, thoughtfully designed to include a welcoming reception area, a convenient kitchenette, and six individual rooms. Two of these rooms boast expansive windows, allowing abundant natural light to flood the workspace. The zoning designation is 6062. The property's Assessed Parcel Number (APN) is 30-40-16-007-0181. This move-in ready office space presents a unique opportunity for a business seeking a prominent and functional location. The property is immediately available. The building itself has zero suites, reflecting the single-tenant configuration. This presents a rare opportunity for a business to occupy the entire second floor of this strategically located building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,094,649

  6.5%

  $5,625,830

  7%

  $5,223,985

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,031,796

  Geo Method

  $3,031,796

• Alternative Use

  Use

  Valuation

  Residential

  $6,976,029

  Hospitality

  $6,390,005

  Educational

  $5,316,410

  Medical

  $5,499,249

  Retail

  $8,269,970

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7341

Longitude

-80.3362

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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