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    350 Miami Ave Miami, FL 33131

    Sponsored
    For Sale
    $3,800,000

    Miami Office Building, High ROI

    Property size:
    4,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,600 square foot commercial unit, located at 350 S Miami Ave, Miami, FL 33131, presents a lucrative investment opportunity. The two-story building, constructed in 2008 and renovated in 2022, boasts 20 units with a current 50% occupancy rate (42 tenants total). A gross lease structure is in place with a one-year lease term and a current NOI of $280,000, yielding a 5.00% cap rate. The asking price is $3,800,000, translating to $826 per square foot. The property features a ground lease expiring August 28, 2025, and benefits from a prime location in a desirable Miami neighborhood, close to the Brickell Financial District. The zoning allows for medical, executive, and general business uses. Two parking spaces are included. Annual rent bumps of $200 are in place. The property is currently owner-occupied and is being offered for sale by owner. The ideal buyer will appreciate the strong potential for increased occupancy and revenue in this thriving Miami location. The property is suitable for owner-users seeking a high-return investment in a dynamic urban environment. The building's recent renovation ensures modern amenities and functionality. This is a rare opportunity to acquire a well-located, income-producing commercial property in a rapidly developing area of Miami.

    Property Features for 350 Miami Ave

    General Information

    Property type
    Medical offices
    Square Feet
    4,600 SF

    Building Details

    Year Built/Renovated
    2008/2022
    Stories
    2
    Units
    20
    Property Profile Location Intelligence

    Current Use by Public Records

    The North Consultancy Engineering Consultant Mason Kerns Law, ... Attorney Galaxy Junk Removal ... Debris Removal Service Grupo Odalys Auction House Laser Hair Removal ... Laser Hair Removal Service

    Suggested Use

    Restaurant Dental Office Spa & Massage Realty agency Hair Salon Nail Salon Food Market Clothing Store Law Firm Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1847167
    Latitude
    25.76528

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    FAQs

    What type of property is this?
    Medical office - Miami Office Building, High ROI
    Where is this medical office located?
    The property is located at 350 Miami Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    Request Owner's contact information
    350 Miami Ave Miami, FL 33131
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    Miami, FL 33131
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    350 Miami Ave Miami, FL 33131
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