17395 Bay RdSunny Isles Beach, FL 33160

Property Details for 17395 Bay Rd

Year built

1974

Construction

CONCRETE

Lot size

1.25 AC

Property size (Sq ft)

26,847 SF

Zone code

4000:MULTI-FAM,63-100 U/A

Property type

Office properties

Property subtype

Office buildings

APN

31-2211-004-0222

APU

3122110040222

Description

This fully operational medical office building, located at 17395 N Bay Rd in Sunny Isles Beach, Florida, presents a unique investment opportunity. Built in 1974, this 1600 square foot property is currently generating a monthly rental income of $7,000, translating to $52 per square foot. The building boasts five exam rooms, multiple entrances, and comes fully furnished with all necessary equipment. A significant advantage is the inclusion of a full, free parking lot, a highly desirable feature in this prime Sunny Isles Beach location. The current tenant base consists of approximately 500 clients drawn from the nearby Winston Towers and the surrounding community. Daily operations are managed by a full-time nurse, ensuring smooth functionality. A 3-year lease is in place, with an option to extend to 5 years. All necessary occupational licenses are current and in good standing. The asking price for this turnkey medical practice is $249,900, offering a compelling return on investment for a discerning buyer. This property is ready for immediate use and presents a seamless transition for a new owner. The property is situated in Miami-Dade County, Florida, zip code 33160.

• CAP approach

  CAP return

  Valuation

  6%

  $14,274,752

  6.5%

  $13,176,694

  7%

  $12,235,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,278,642

  Geo Method

  $10,278,642

• Alternative Use

  Use

  Valuation

  Residential

  $16,339,101

  Hospitality

  $14,966,528

  Educational

  $12,451,976

  Medical

  $12,880,218

  Retail

  $19,369,740

Location Insight

City

Sunny Isles Beach

County

Miami-dade

State

Florida

Latitude

25.9366

Longitude

-80.1262

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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