2600 87th Ave, Doral, FL 33172-1621
- Outlet malls
- 71,326 SF
- 4.44 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 2600 87th Ave
- Year built
- 2000
- Construction
- CONCRETE
- Lot size
- 4.44 lot acres
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 35-3028-023-0140
- APU
- 3530280230140
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 2, 2024 | — | Westend Of Miami Lc | — | Deed · related | $800k · Popular Bank |
| Aug 30, 2021 | — | Westend Of Miami LLC | — | Deed · related | $6.5M · Popular Bank |
| Jun 13, 2016 | — | Westend Of Miami Lc | — | Deed · related | $6.7M · Banco Popular |
| Sep 11, 2003 | $425,000 | Secret Investment INC | Westend Of Miami Lc | Grant Deed | $290k · Unibank |
| Jun 6, 2003 | $362,500 | Anessa Enterprises INC | Westend Of Miami LLC | Grant Deed | $616k · Private Funding Group INC |
| Apr 10, 2003 | $785,000 | Commerce Bank NA | Westend Of Miami Lc | Grant Deed · related | — |
| Mar 13, 2003 | $719,100 | Del Properties INC | Westend Of Miami INC | Grant Deed | $712k · Ocean Bank |
| Feb 7, 2003 | $353,200 | Brimeg LLC | Westend Of Miami Lc | Grant Deed | — |
| Dec 27, 2002 | $385,000 | Martha Chomiak Intl INC | Westend Of Miami Lc | Grant Deed | $190k · Bac Florida Bank |
| Dec 17, 2002 | $350,000 | Advanced Radio Systems INC | Westend Of Miami Lc | Grant Deed | $175k · Citibank Fsb |
| Dec 13, 2002 | $338,000 | Kualima Bear INC | Westend Of Miami Lc | Grant Deed | $248k · Ocean Bank |
| Aug 15, 2001 | — | Westend Of Miami Lc | — | Trustees Deed · related | $1.4M · Ocean Bank |
| Jan 18, 2000 | $5,430,000 | Westend Of Miami Lc | Miami International Parkway | Grant Deed · related | $4.6M · Ocean Bank |
| — | — | Westend Of Miami Lc | — | Deed Of Trust · related | $6.5M · Banco Popular |
| — | — | Westend Of Miami Lc | — | Loan Modification · related | $6.7M · Banco Popular |
| — | — | Us Royal Foods Distributors Ll | — | Deed Of Trust · related | $124k · Pasta Partners LLC |
| — | — | Westend Of Miami Lc | — | Deed Of Trust · related | $5.1M · Ocean Bank |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $38,785,000
- 6.5%
- $35,800,000
- 7%
- $33,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $40,915,000
- AI Estimate
- $29,086,000
Market price range: $24.6M - $59.0MMarket price range: $3.20M - $43.7M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $40,930,000 Current use
- RESTAURANT
- $52,895,000 Change: +29% Conversion: Easy
- COMMERCIAL (GENERAL)
- $52,730,000 Change: +29% Conversion: Easy
- AUTO REPAIR, GARAGE
- $46,635,000 Change: +14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Doral
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3377
- Latitude
- 25.7987
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA