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    7116 Bay Dr Miami Beach, FL 33141-5482
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    Property profile & analytics

    7116 Bay Dr, Miami Beach, FL 33141-5482

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    • Retail residential properties
    • 5,894 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Sep 18, 2023
    $1,345,000
    Property ID
    US18-3202331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    9.7%
    Retail residential properties
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 7116 Bay Dr

    Year built
    1940
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    5,894 SF
    Zone code
    4800:PLANNED RESID OFFICE
    Property type
    Retail residential properties
    APN
    02-3210-013-0330
    APU
    232100130330

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,045,000
      ML approach
      $1,010,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,695,000
      6.5%
      $1,565,000
      7%
      $1,450,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1287
    Latitude
    25.8564
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,281
    $812,500
    $260,764
    $1,073,264
    -
    $812,500
    $260,764
    $1,073,264
    More about this property
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