15620 29Th StMiramar, FL 33027

Property Details for 15620 29Th St

Year built

2009

Construction

CONCRETE

Lot size

1.57 AC

Property size (Sq ft)

18,068 SF

Zone code

B2

Property type

Office properties

Property subtype

Office buildings

APN

51-40-28-11-0031

APU

514028110031

Description

This exceptional free-standing office building, situated on a 1.57-acre lot in the heart of Miramar, Florida, presents a unique investment opportunity. Boasting a total of 18,068 square feet, this two-story building offers 17,342 square feet of leasable space. The property features a brand-new elevator, providing convenient access to both floors. The first floor includes a spacious lobby, a large reception area, thirteen individual rooms, two bathrooms, and two water fountains. The second floor mirrors the impressive scale with another expansive reception area, two bathrooms, and ten generously sized rooms. This includes a dedicated conference room and a luxurious executive suite complete with a private bathroom, ideal for a CEO's office. The building enjoys stunning water views. Ample parking is provided with over eighty spaces, supplemented by shared parking with a neighboring business. Its strategic location offers easy access to I-75 and Turnpike, placing it within minutes of a variety of amenities including restaurants, hotels, and major retailers such as Home Depot. The property's versatility makes it suitable for a wide range of uses, including schools, universities, technology companies, medical facilities, laboratories, law firms, financial institutions, or corporate headquarters. This is a truly remarkable property in a thriving Miramar location. The asking price is $9,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,200,228

  6.5%

  $4,800,210

  7%

  $4,457,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,749,004

  Geo Method

  $7,749,004

• Alternative Use

  Use

  Valuation

  Residential

  $5,952,260

  Hospitality

  $5,452,238

  Educational

  $4,536,198

  Medical

  $4,692,206

  Retail

  $7,056,309

Location Insight

City

Miramar

County

Broward

State

Florida

Latitude

25.9821

Longitude

-80.3543

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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