10045 Dixie Hwy Pinecrest, FL 33156-3145
- Outlet malls
- 11,257 SF
- 0.77 lot acres
May 12, 2022
Current Use by Public Records
- Pediatric Gastroenterology Associates / Pediatric Gastroenterologist / Children'S Hospital
Property Details for 10045 Dixie Hwy
- Year built
- 1999
- Construction
- CONCRETE
- Lot size
- 0.77 lot acres
- Property size
- 11,257 SF
- Zone code
- 6200:COMMERCIAL,ARTERIAL
- Property type
- Outlet malls
- APN
- 20-5002-008-0040
- APU
- 2050020080040
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,780,000
- ML approach
- $4,865,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,120,000
- 6.5%
- $5,650,000
- 7%
- $5,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,772,000
Market price range: $3.18M - $13.2M
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Location Insight
- Map
- Local Demand
- City
- Pinecrest
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3181
- Latitude
- 25.6769
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA