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Financial
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Property profile

10045 S Dixie Hwy Miami, FL 33156

FOR SALE
Outlet malls
Property ID
US18-4082678
11,257 SF 0.77 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1999
Construction CONCRETE
Total area 11,257 SF
Lot 0.77 ac (33,654 SF)
Zoning code 6200:COMMERCIAL,ARTERIAL
APN 20-5002-008-0040
UPID US18-4082678

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Medical Clinic

Location

10045 S Dixie Hwy Miami, FL 33156
Miami metro Census 7807 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.87M
CAP Approach CAP
$5.65M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.78M

Owner & transaction history

since 2022
Last sale
$5.5M
3 recorded transactions
2022
$5.5M
1998
$850,000
1969
Price N/A

Zoning & alternative use

6200:COMMERCIAL,ARTERIAL · Pinecrest, FL
Top alternative use upside
Restaurant $8.4M +29.6%
Commercial (general) $8.3M +29.2%
Auto repair, garage $7.4M +14.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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