17395 Bay Rd, Sunny Isles Beach, FL 33160-3334
- Office buildings
- 26,847 SF
- 1.25 lot acres
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 17395 Bay Rd
- Year built
- 1974
- Construction
- CONCRETE
- Lot size
- 1.25 lot acres
- Zone code
- 4000:MULTI-FAM,63-100 U/A
- Property type
- Office buildings
- APN
- 31-2211-004-0222
- APU
- 3122110040222
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 21, 2022 | $12,000,000 | Kerem Sunny Isles LLC | Deaderick Ssb Sunny Isles LLC | Warranty Deed | — |
| Mar 18, 2021 | $2,240,000 | Deaderick Ssb LLC | Prince Of Sunny Isles 18 LLC | Quit Claim Deed · related | — |
| Mar 18, 2021 | — | Deaderick Ssb Sunny Isles LLC | Deaderick Ssb LLC | Intrafamily Transfer · related | $3.8M · Emr Sbc 2020 1 LLC |
| Jun 10, 2019 | $3,400,000 | Deaderick Ssb LLC | Prince Of Sunny Isles LLC | Warranty Deed | — |
| Oct 4, 2017 | — | Prince Of Sunny Isles LLC | — | Deed · related | $3.5M · Bank Of The Ozarks |
| Oct 27, 2008 | — | Prince Of Sunny Isles LLC | Sunny Isles Unicenter LLC | Quit Claim Deed · related | $4.2M · Intervest National Bank |
| Apr 6, 2007 | $6,500,000 | Sunny Isles Unicenter LLC | Unicenter Shopping LLC | Grant Deed | $4.3M · Intervest Mortgage Co LLC |
| — | — | Prince Of Sunny Isles LLC | — | Loan Modification · related | $3.9M · Intervest National Bank |
| — | — | Prince Of Sunny Isles LLC | — | Deed Of Trust · related | $3.9M · Intervest National Bank |
| — | — | Prince Of Sunny Isles LLC | — | Loan Modification · related | $3.5M · Bank Of The Ozarks |
Description
This fully operational medical office building, located at 17395 N Bay Rd in Sunny Isles Beach, Florida, presents a unique investment opportunity. Built in 1974, this 1600 square foot property is currently generating a monthly rental income of $7,000, translating to $52 per square foot. The building boasts five exam rooms, multiple entrances, and comes fully furnished with all necessary equipment. A significant advantage is the inclusion of a full, free parking lot, a highly desirable feature in this prime Sunny Isles Beach location. The current tenant base consists of approximately 500 clients drawn from the nearby Winston Towers and the surrounding community. Daily operations are managed by a full-time nurse, ensuring smooth functionality. A 3-year lease is in place, with an option to extend to 5 years. All necessary occupational licenses are current and in good standing. The asking price for this turnkey medical practice is $249,900, offering a compelling return on investment for a discerning buyer. This property is ready for immediate use and presents a seamless transition for a new owner. The property is situated in Miami-Dade County, Florida, zip code 33160.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $11,160,000
- ML approach
- $8,810,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,650,000
- 6.5%
- $11,675,000
- 7%
- $10,845,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $8,532,000
Market price range: $1.88M - $13.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $17,430,000 Current use
- COMMERCIAL (GENERAL)
- $18,090,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $16,935,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sunny Isles Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1262
- Latitude
- 25.9366
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
