2482 Secoffee TerMiami, FL 33133

Property Details for 2482 Secoffee Ter

Year built

1969

Construction

CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

2,161 SF

Zone code

4801:RESID-LIMITED RETAIL

Property type

Office properties

Property subtype

Office buildings

APN

01-4115-008-2660

APU

141150082660

Description

This exceptional turnkey medical office building, located at 2482 Secoffee Ter, Miami, FL 33133, presents a unique investment opportunity. The property, built in 1969, boasts a total of 2,241 square feet and is ideally situated for convenient access to Coconut Grove, Coral Gables, South Miami, Brickell, and Downtown Miami. The building's well-designed layout includes five exam rooms, a dedicated X-ray facility, a welcoming lobby area, and ample office space perfect for doctors' consultations or administrative functions. The asking price for this fully operational medical office is $1,750,000. Alternatively, the property is also available for lease at a modified gross rate of $8,000 per month. This prime location and established medical infrastructure make this property an attractive investment for both owner-occupiers and investors seeking a strong return. The property's existing setup and convenient location minimize the need for significant capital expenditures, allowing for immediate occupancy and revenue generation. This turnkey solution offers a streamlined entry into the thriving Miami medical market. The property is situated in Miami-Dade County and offers easy access to major transportation arteries.

• CAP approach

  CAP return

  Valuation

  6%

  $1,865,771

  6.5%

  $1,722,250

  7%

  $1,599,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $827,360

  Geo Method

  $827,360

• Alternative Use

  Use

  Valuation

  Residential

  $2,135,590

  Hospitality

  $1,956,190

  Educational

  $1,627,527

  Medical

  $1,683,500

  Retail

  $2,531,708

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7404

Longitude

-80.2354

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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