13400 Alexandria DrOpa-locka, FL 33054
- Office properties
- 1,733 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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