11606 City Hall PromenadeMiramar, FL 33025

Property Details for 11606 City Hall Promenade

Year built

2008

Construction

CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

35,837 SF

Zone code

TND

Property type

Office properties

Property subtype

Office buildings

APN

51-40-25-08-0030

APU

514025080030

Description

This exceptional office leasing opportunity, located at 11606 City Hall Promenade in Miramar, Florida 33025, offers 7,652 square feet of versatile space within a Class B, four-story building constructed in 2009. The property sits on 1.99 acres of land and is part of the vibrant Miramar Town Center, a 54-acre mixed-use development combining business, retail, residential, and cultural amenities. The building features ample parking with 614 spaces and elevators for convenient access. The space is adaptable to various business needs, making it ideal for a range of professional offices. Its location at the intersection of Red Road and Hiatus Road provides high visibility and accessibility, benefiting from a combined daily traffic count of 50,600 vehicles. The zoning is B1. The property's APN is 51-40-25-08-0030. The total building size is 52,564 square feet, with a minimum divisible space of 7,652 square feet, and a maximum contiguous space of 7,652 square feet currently available. This presents a unique opportunity to establish a presence in a thriving, well-connected location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,314,399

  6.5%

  $9,520,984

  7%

  $8,840,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,369,773

  Geo Method

  $15,369,773

• Alternative Use

  Use

  Valuation

  Residential

  $11,806,020

  Hospitality

  $10,814,251

  Educational

  $8,997,330

  Medical

  $9,306,761

  Retail

  $13,995,846

Location Insight

City

Miramar

County

Broward

State

Florida

Latitude

25.9857

Longitude

-80.2996

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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