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Property profile

11975 Dixie Hwy Miami, FL 33156

OFF-MARKET
Outlet malls
Property ID
US18-4852891
38,160 SF 1.8 ac lot Built 1990
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,375-square-foot free-standing office building presents a unique investment opportunity in Miami, Florida. Located at 11975 W Dixie Hwy, just north of Barry University, this Class C property sits on a 2,500-square-foot lot and boasts six parking spaces. Built in 1953, the building has undergone a 40-year Miami-Dade County recertification, ensuring its structural integrity. Currently vacant, this traditional office space offers flexibility for a single user or multiple tenants. The interior features five offices and a private kitchen area. The property is zoned BU-1 and is offered at an asking price of $400,000, translating to $290.91 per square foot. This is a rare chance to acquire a well-maintained, conveniently located office building in a thriving Miami neighborhood. The property's location provides easy access to major transportation routes and local amenities. The building's layout is adaptable to various business needs, making it an attractive option for a wide range of potential occupants. With its ample parking and convenient location, this property is poised for immediate occupancy and strong return on investment. The APN is 30-22-31-037-0430. There is no ground lease associated with this property.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1990
Construction CONCRETE
Total area 38,160 SF
Lot 1.8 ac (78,517 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 20-5010-013-0460
UPID US18-4852891

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
  • Marketing & Advertising Photography Service
  • General Contractor Construction Company

Location

11975 Dixie Hwy Miami, FL 33156
Miami metro Census 8102 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.82M

Owner & transaction history

since 2018
6 recorded transactions
2018
$9.7M
2018
Price N/A
2015
$6.0M
2010
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6400:COMMERCIAL,CENTRAL · Miami, FL

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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