13400 Alexandria DrOpa-locka, FL 33054

  • Office properties
  • 1,733 SF
For Sale
$1,530,000 View listing

Property Details for 13400 Alexandria Dr

Year built
1951
Construction
CONCRETE
Lot size
0.74 AC
Property size (Sq ft)
1,733 SF
Zone code
4400:MULTI-FAMILY,3 STORY
Property type
Office properties
Property subtype
Office buildings
APN
08-2128-007-0220
APU
821280070220

Description

Discover a remarkable development opportunity in Opa-Locka, Florida. This exceptional 32,200 square foot lot, located at 13400 Alexandria Drive, is zoned 4400/multifamily, presenting a unique chance to create a vibrant residential community. The property's zoning allows for the construction of over 20 residential units, catering to the growing demand for housing in this dynamic area. Its strategic location offers unparalleled convenience, with proximity to key economic drivers such as the Amazon Warehouse and Executive Airport, as well as thriving retail centers. This ensures future residents will enjoy easy access to essential amenities and services. The property's strong potential for return on investment is further enhanced by its location within a rapidly developing area of South Florida, experiencing significant ongoing investment and growth. An existing improvement on the site previously had utilities connected, offering a potential head start for development. This exceptional property is priced at $1,530,000 and represents a compelling investment opportunity for discerning developers seeking to capitalize on the burgeoning real estate market in Opa-Locka, Miami-Dade County, Florida, zip code 33054.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $491,348
    6.5%
    $453,552
    7%
    $421,156
  • Comparable approach

    Method
    Valuation
    Relative Method
    $244,422
    Geo Method
    $244,422
  • Alternative Use

    Use
    Valuation
    Residential
    $562,405
    Hospitality
    $515,160
    Educational
    $428,607
    Medical
    $443,348
    Retail
    $666,722
13400 Alexandria Dr, Opa-locka, Florida

Location Insight

City
Opa Locka
County
Miami-dade
State
Florida
Latitude
25.8958
Longitude
-80.2553
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
$13,993
$483,000
$77,202
$560,202
-
$483,000
$77,202
$560,202

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