10045 Dixie HwyMiami, FL 33156

Property Details for 10045 Dixie Hwy

Year built

1999

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

11,257 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Retail properties

Property subtype

Outlet malls

APN

20-5002-008-0040

APU

2050020080040

Description

This exceptional Class A, 8,000 square foot freestanding medical office building is ideally situated on US-1 in Pinecrest, Florida, at 10045 S Dixie Hwy, 33156. Boasting high visibility with direct frontage on South Dixie Highway, this property benefits from exposure to over 100,000 vehicles daily, thanks to a prominent pylon sign. Currently undergoing renovations with an expected completion date of April 30th, 2024, the building will feature a modern layout designed for optimal medical practice functionality. Amenities include a large waiting room, spacious reception area with 11 check-in/check-out stations, 12 exam rooms (each with sinks), 6 restrooms, 10 offices, an 8-chair infusion center, billing and call center departments, a large 12-chair conference room, and a sizable break room. Ample parking is provided with 38 spaces, exceeding a 4.75/1,000 SF parking ratio. The building sits on a 33,654 square foot lot and features a new roof (installed in 2019) with a 20-year warranty. Its strategic location offers easy access to major thoroughfares and is minutes from Dadeland, South Miami, Kendall, and Palmetto Bay, as well as Baptist, Jackson South, and South Miami Hospitals. The asking price for this turnkey medical facility is $12,000,000. The building's construction is 95% complete.

• CAP approach

  CAP return

  Valuation

  6%

  $11,508,442

  6.5%

  $10,623,177

  7%

  $9,864,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,961,607

  Geo Method

  $8,961,607

• Alternative Use

  Use

  Valuation

  Residential

  $8,961,047

  Hospitality

  $8,208,272

  Educational

  $6,829,186

  Medical

  $7,064,052

  Retail

  $10,623,177

Location Insight

City

Pinecrest

County

Miami-dade

State

Florida

Latitude

25.6769

Longitude

-80.3181

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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