Property profile

7116 Bay Dr Miami Beach, FL 33141

OFF-MARKET
Retail residential properties
Property ID
US18-3202331
5,894 SF 0.19 ac lot Built 1940
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 500 square foot executive office suite presents a unique opportunity for discerning businesses seeking a high-visibility presence. Located on the ground floor of a building at 7116 Bay Dr, this corner unit boasts unparalleled exposure to the high-traffic Bay Drive. The single-tenant occupancy ensures privacy and control over your workspace. The suite is part of a larger building containing only one other suite, offering a quiet and professional environment. The property's zoning designation is 4800. The total building size is 8,125 square feet, indicating ample space within the building itself. The property's APN is 02-32-10-013-0330. This location offers excellent convenience and accessibility for clients and employees alike, making it an ideal choice for professionals and small businesses seeking a prestigious and easily accessible address. The high visibility afforded by its corner location on Bay Drive ensures maximum exposure for your business, attracting potential clients and enhancing your brand image. This is a rare opportunity to secure a prime office space in a desirable location. Don't miss out on this chance to establish your business in a thriving area.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1940
Construction CONCRETE
Total area 5,894 SF
Lot 0.19 ac (8,125 SF)
Zoning code 4800:PLANNED RESID OFFICE
APN 02-3210-013-0330
UPID US18-3202331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7116 Bay Dr Miami Beach, FL 33141-5482
Miami Beach metro Census 3915 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
$1.57M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.05M

Owner & transaction history

since 2023
Last sale
$1.3M
7 recorded transactions
2023
Price N/A
2016
$1.3M
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

4800:PLANNED RESID OFFICE · Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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