13400 Alexandria DrOpa-locka, FL 33054

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 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.

• 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

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

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