3655 NW 107Th Ave Miami, FL 33178
- Retail residential properties
- 16,105 SF
- 2.33 lot acres
Current Use by Public Records
- Pa Que Tiby 107 / Venezuelan Restaurant
- Uni K Wax Studio / Waxing Hair Removal Service
- Doral Physical Therapy / Physical Therapy Clinic
- La Coriana / Venezuelan Restaurant / Fast Food Restaurant
- The Queen of Beauty Salon / Nail Salon
Property Details for 3655 NW 107Th Ave
- Year built
- 2004
- Construction
- CONCRETE
- Lot size
- 2.33 lot acres
- Property size
- 16,105 SF
- Zone code
- 7600:INTENSIVE USE
- Property type
- Retail residential properties
- APN
- 35-3029-001-0280
- APU
- 3530290010280
Description
This exceptional 15,314 square foot, multi-tenant retail center in Doral, Florida presents a compelling investment opportunity. Located at 3655 NW 107th Ave, this single-story, 2004-built property (renovated in 2024) boasts 100% occupancy across nine tenants under NNN leases with a remaining term of 5.1 years and 3% annual rent bumps. The property features 172 parking spaces and sits on a 0.78-acre lot. The strong financial performance is highlighted by a 5.78% cap rate and a NOI of $615,729, with an asking price of $10,645,000 ($695.12/sq ft). The center benefits from its strategic location on a major roadway with over 67,000 vehicles daily, adjacent to Nicklaus Children's Outpatient and Urgent Care Center, and directly across from the massive Bridge Point Doral logistics center. The affluent surrounding neighborhood, with an average household income exceeding $113,000 within a two-mile radius, ensures consistent high demand. Lease options are available, and the property is offered fee simple. This stabilized, multi-tenant NNN retail center provides a stable cash flow with significant upside potential due to the strong location and lease terms. The property's success is further ensured by its proximity to major transportation arteries, including easy access to Florida's Turnpike, the MIA Cargo Viaduct, and SRs 826 and 836, and its proximity to Miami International Airport and Port Miami. This is a rare opportunity to acquire a fully leased retail center in a high-barrier-to-entry market with exceptional long-term growth prospects.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,055,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,915,000
- 6.5%
- $9,545,000
- 7%
- $9,970,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,705,000
- Geo Method
- $10,925,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,275,000
- Retail
- $10,595,000
- Mixed-Use
- $10,510,000
- Hospitality
- $9,790,000
- Educational
- $9,420,000
- Residential Income
- $11,595,000
- Energy
- $11,470,000
- Income-Based Land
- $11,530,000
- Food Service
- $11,215,000
Location Insight
- Map
- Local Demand
- City
- Doral
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.3687
- Latitude
- 25.8076
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
