12540 8Th AveNorth Miami, FL 33161

Property Details for 12540 8Th Ave

Year built

1947

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

1,823 SF

Zone code

6000:COMMERCIAL,GENERAL

Property type

Office buildings

APN

06-2230-007-0800

APU

622300070800

Description

This turnkey, free-standing office building offers 1,900 square feet of modern space, perfect for immediate occupancy. Located just one block south of North Miami Boulevard, this single-tenant property boasts a convenient location with excellent access to public transportation and major employment centers. The building sits on a sizable 7,700 square foot lot, providing ample parking for employees and clients. Its commercial zoning (6000) allows for a wide range of uses, including office, medical, and retail, offering significant flexibility for potential tenants. The North Miami area is known for its high population density, significant daily tourist traffic, and vibrant cultural environment, resulting in strong foot traffic and potential customer flow. The building itself comprises a single suite within a single building, offering a private and efficient workspace. The property's address is 12540 NE 8th Ave, and its APN is 06-22-30-007-0800. This exceptional property presents a rare opportunity to establish a business in a thriving and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,182,731

  6.5%

  $1,091,752

  7%

  $1,013,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $697,954

  Geo Method

  $697,954

• Alternative Use

  Use

  Valuation

  Residential

  $1,353,772

  Hospitality

  $1,240,048

  Educational

  $1,031,705

  Medical

  $1,067,187

  Retail

  $1,604,875

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8911

Longitude

-80.1826

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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