5779 8thWest Miami, FL 33144

  • Turn key restaurants
  • 1,967 SF
Off market
$693,581 Estimated

Property Details for 5779 8th

Year built
1959
Construction
CONCRETE
Lot size
0.17 AC
Property size (Sq ft)
1,967 SF
Zone code
6100:COMMERCIAL,NEIGHBRHD
Property type
Turn key restaurants
APN
01-4001-009-0191
APU
140010090191

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $628,611
    6.5%
    $580,256
    7%
    $538,810
  • Comparable approach

    Method
    Valuation
    Relative Method
    $288,523
    Geo Method
    $288,523
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,121,000
    Mixed-Use / Specialty
    $582,452
    Hospitality / Lodging
    $432,878
    Office
    $583,433
    Institutional / Educational
    $607,039
    Residential Income
    $710,236
    Multifamily
    $828,179
    Automotive / Energy
    $520,319
    Parking / Income-Based Land
    $175,343
    Restaurant / Food Service
    $312,038
    Healthcare / Senior Housing
    $592,921

Location Insight

City
West Miami
County
Miami-dade
State
Florida
Latitude
25.7637
Longitude
-80.2897
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,100
$562,500
$131,081
$693,581
-
$562,500
$131,081
$693,581

FAQs

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