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Property profile & analytics
OFF-MARKET Estimated value $35,265,000
Outlet malls

2600 87th Ave Doral, FL 33172-1621

71,326 SF 4.44 ac lot Built 2000
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US19-0527180
Property summary
AI-generated overview

This exceptional Doral retail property, located at 2600 NW 87th Avenue, Suites #19 and #30, offers two available units totaling 3,146 square feet within a 71,326 square foot Class B building. Unit #19, approximately 1,435 square feet, features a waiting area/showroom, kitchenette, private offices, conference room, storage, and restroom, leasing at $45.50 per square foot, NNN. Unit #30, approximately 1,711 square feet, offers a mostly open layout with a partition creating two distinct areas, a private restroom, and small storage, leasing at $40.00 per square foot, NNN. Both units boast 14' - 31' ceilings, separate electric meters, and individual AC thermostats with landlord-provided preventative maintenance. The property benefits from a convenient location in the Airport West - Doral submarket, with easy access to major thoroughfares and Miami International Airport. Situated within the Westend @ 87th Shopping Center, it enjoys an excellent tenant mix and non-compete clauses. The property's prime location offers close proximity to residential areas, hotels, banks, office parks, retail centers, and industrial complexes. Further enhancing its appeal, the property received the "Keep Doral Beautiful Award" in December 2019, and features a redesigned courtyard with additional upgrades underway. The zoning is 6400 Commercial, and the APN is 35-3028-023-0140. Parking is available depending on the tenant's needs. The building is single-story with three-phase power.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2000
Construction CONCRETE
Total area 71,326 SF
Lot 4.44 ac (193,574 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 35-3028-023-0140
UPID US19-0527180
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$35.80M
Comparable Approach Comparable
$40.92M
Blend (final) Blend
$35.27M
Owner & transaction history
Secret Investment INC · 22 yrs held
Secret Investment INC
since 2003
7 recorded transactions
2024
Price N/A
2021
Price N/A
2016
Price N/A
2003
$425,000
2003
$362,500
2003
$785,000
2003
$719,100
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Doral, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $52.9M +29.2%
Commercial (general) $52.7M +28.8%
Auto repair, garage $46.6M +13.9%
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