You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

8700 Flagler St Miami, FL 33174-2401

Office buildings Google Maps
150,467 SF 5.75 ac lot Built 1980
Entity Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$50.27M
Range $45.24M – $55.29M (±10%)
Property ID US18-4660122

Property summary

AI-generated overview

This exceptional Fontainebleau office space, totaling 6,298 square feet, is immediately available for lease. Located on the ground floor of a four-story, 125,313-square-foot Class B office building at 8700 West Flagler Street (cross street: 87th Avenue), this property offers unparalleled convenience and accessibility. Previously occupied by a bank, the space boasts up to six drive-through lanes, some of which could be repurposed into reserved parking to accommodate the 513 total parking spaces available on the property. The building, constructed in 1981 and renovated in 2014, features a 10-foot ceiling height and is divisible to a minimum of 2,000 square feet, providing flexibility for various business needs. The property sits on four acres of land in Miami-Dade County, zoned 6400 Commercial (APN: 30-4004-071-0010), and benefits from FPL power and elevator access. The building comprises three suites in total. Property taxes are $2.55 per square foot. This is a rare opportunity to secure a highly visible and adaptable office space in a thriving submarket. The building's Building Floor Area Ratio (FAR) is 1.2. The landlord is willing to subdivide the space to meet specific tenant requirements. This presents a unique chance to establish a presence in a well-established commercial area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1980
Construction CONCRETE
Total area 150,467 SF
Lot 5.75 ac (250,411 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 30-4004-071-0010
UPID US18-4660122

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Medical Clinic
  • Freight Service Logistics Company
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$49.79M
Blend (final) Blend
$50.27M

Owner & transaction history

since 2014
4 recorded transactions
2021
Price N/A
2018
Price N/A
2014
$25.0M
1969
Price N/A

Zoning & alternative use

6400:COMMERCIAL,CENTRAL · Miami, 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
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?”
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