Advertise
    Property profile

    S /Smoke Shop Store & Smoke Shop For Sale Miami, FL 33126

    FOR SALE
    Hospitals
    Property ID
    US18-3679024
    163,497 SF 4.54 ac lot Built 1962
    Entity Owned 4-yr Hold ~ Est. High Equity
    Saved · see the list in your Dashboard
    S /Smoke Shop Store & Smoke Shop For Sale, Miami, FL 33126 For Sale 1 / 28
    $220,000 163,497 SF
    S /Smoke Shop Store & Smoke Shop For Sale, Miami, FL 33126
    View Listing →

    Property summary

    AI-generated overview

    This exceptional 5.15-acre commercial land parcel, located at 5959 NW 7th St, Miami, FL 33126 (APN 30-3036-002-0030), presents a unique redevelopment opportunity. Zoned IU-2 - Heavy Industrial Manufacturing, this property is situated in Miami-Dade County's Waterford Business District, offering excellent market positioning. Its strategic location is directly across a canal from the former Miami Medical Center and boasts proximity to Miami International Airport (approximately 6.5 miles east of downtown Miami). The surrounding area features a strong mix of high-quality office, residential, retail, and hotel developments, with significant institutional ownership. Given the limited availability of comparable development sites in the Miami market, this parcel offers investors a prime opportunity for various uses, including potentially complementary healthcare development. The property's desirable location within a well-established business district should prove attractive to a wide range of investors seeking a strategic foothold in Miami's thriving commercial landscape. Offers are being accepted with a deadline of Thursday, August 22nd, 2024.

    Property profile

    Verified
    Property type Hospitals
    Use group HOSPITAL - PRIVATE
    Year built 1962
    Construction CONCRETE
    Total area 163,497 SF
    Lot 4.54 ac (197,904 SF)
    Zoning code 8000:COMMUNITY FACILITY
    APN 01-3051-004-0010
    UPID US18-3679024

    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
    • Medical Clinic
    • Nursing Home
    • Medical Clinic
    • Physician
    • Physician
    5 occupants on record

    Location

    S /Smoke Shop Store & Smoke Shop For Sale Miami, FL 33126
    Miami metro Census 5701 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $41.66M
    Comparable Approach Comparable
    $60.91M
    Blend (final) Blend
    $59.70M

    Owner & transaction history

    since 2022
    Last sale
    $60.0M
    7 recorded transactions
    2022
    $60.0M
    2018
    $88.0M
    2014
    $47.0M
    2007
    Price N/A
    2006
    Price N/A
    1969
    Price N/A
    1969
    Price N/A

    Zoning & alternative use

    8000:COMMUNITY FACILITY · Miami, FL
    Top alternative use upside
    Office building $87.8M +22.3%

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation by Request
      53,228 SF
      1200 78Th Ave
      Medical Office Space
      1200 78Th Ave, Doral, FL 33126
      View Details
    • Value Estimation by Request
      6303 Waterford District Dr
      Office Units
      6303 Waterford District Dr, Miami, FL 33126
      View Details
    • Value Estimation
      $260,000
      2,995 SF
      320 43rd Pl
      HOMES (RETIRED, NURSING)
      320 43rd Pl, Miami, FL 33126-5449
      View Details
    • Value Estimation
      $255,000
      2,512 SF
      4751 4th Ter
      HOMES (RETIRED, NURSING)
      4751 4th Ter, Miami, FL 33126-2115
      View Details
    • Value Estimation
      $15,720,000
      88,917 SF
      7950 2nd St
      MEDICAL BUILDING
      7950 2nd St, Miami, FL 33126-8017
      View Details
    • Value Estimation
      $1,205,000
      3,174 SF
      5120 4th Ter
      HOMES (RETIRED, NURSING)
      5120 4th Ter, Miami, FL 33126-5012
      View Details

    Similar Nearby for Sale

    • $899,999
      3,531 SF
      Assisted Living Facility with Canal Access
      Operating assisted living facility on a corner lot with canal access and retirement home/health care land use designation.
      7100 NW 1st Ter, Miami, FL 33126
      View Details
    • Contact for pricing
      971 SF
      Multifamily Property with Two Units
      Multifamily property featuring two units, ideal for residential income.
      5050 NW 7th St, #712, Miami, FL 33126
      View Details
    • New
      $775,000
      2,299 SF
      Terrazzo-Floored Duplex
      Two-residence duplex with a private yard, terrazzo floors, and washer/dryer hookups.
      470 NW 52nd Ave, Miami, FL 33126
      View Details
    • Contact for pricing
      Two-Unit Duplex Residence
      Well-maintained 3-bedroom, 2-bath duplex unit on a corner lot with abundant natural light.
      4296 NW 2nd Ter, Miami, FL 33126
      View Details
    • New
      Contact for pricing
      Air-Conditioned Flex Space
      The space combines offices, showrooms, private offices, and warehouse areas.
      7290 NW 7th St 105, Miami, FL 33126
      View Details
    • New
      Contact for pricing
      Air-Conditioned Flex Space
      Glass-fronted commercial space combines private offices, showroom areas, and street-level loading for flexible business operations.
      7290 NW 7th St Unit 105, Miami, FL 33126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,000 sqft
      Warehouse Space for Sublease
      Divisible warehouse space with immediate occupancy and a sublease term through August 31, 2031.
      8401 NW 17th St, Doral, FL 33126
      View Details
    • $2,650/Mo
      Downtown Apartment Building for Rent
      Newly built rental community with one- and two-bedroom homes and resort-style amenities for comfortable everyday living.
      645 NW 1st St 703, Miami, FL 33126
      View Details
    • Contact for pricing
      1,324 sqft
      Shopping Center with Major Visibility
      Retail shopping center on W Flagler Street between Palmetto Expressway and NW 79th Avenue with major expressway visibility.
      7757-7795 W Flagler St, Miami, FL 33126
      View Details
    • New
      Contact for pricing
      30,041 sqft
      Retail Shopping Center With National Tenants
      Midway Crossings is a shopping center with strong visibility from Palmetto Expressway and a tenant mix of national retailers.
      7757-7795 W Flagler St, Miami, FL 33126
      View Details
    • Contact for pricing
      3,751 sqft
      Retail Space with Dedicated Parking
      Retail space supported by dedicated parking and nearby office and hotel development.
      1101 NW 57th Ave, Miami, FL 33126
      View Details
    • Sponsored
      $129-$22,310/Mo per office
      11-1,840 sqft
      Scalable Office Solutions at Waterford. Contact us today to book a tour!
      Flexible workspace in Waterford. Book a tour & get info
      6303 Waterford District Dr, Unit 400, Miami, FL 33126
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    S /Smoke Shop Store & Smoke Shop For Sale, Miami, FL, 33126
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!