960 Alton Rd Miami Beach, FL 33139
Property profile & analytics
960 Alton Rd Miami Beach, FL 33139
- Office buildings
- 24,294 SF
- 0.38 lot acres
Property ID
US18-5285804
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 960 Alton Rd
- Year built
- 1975
- Construction
- CONCRETE
- Lot size
- 0.38 lot acres
- Property size
- 24,294 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Office buildings
- APN
- 02-4203-001-0430
- APU
- 242030010430
Description
This exceptional Miami Beach property offers 31,000 square feet of office space across two buildings situated on a 31,000 square foot lot. The main building, a two-story structure, encompasses 15,942 square feet, while a single-story building offers an additional 4,856 square feet. Built in 1975 and renovated in 1990, the property boasts 50 parking spaces and enjoys a highly visible corner location at Alton Road and 10th Street, directly across from Whole Foods. Currently vacant, this presents a unique opportunity for redevelopment or repositioning. The zoning allows for approximately 63,000 square feet of leasable area, potentially including ground floor retail and residential components. The property benefits from its prime location within a rapidly developing area, experiencing significant residential and commercial growth, transforming into a vibrant live-work-play neighborhood. This presents a rare value-add investment opportunity in a high-barrier-to-entry submarket with strong demand for high-quality office space. The property's extensive frontage on Alton Road ensures exceptional visibility and signage opportunities, making it an ideal location for a corporate headquarters. The convenient location offers unparalleled access to numerous retail amenities and is further enhanced by proximity to a 700-stall public garage.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,445,000
- 6.5%
- $10,565,000
- 7%
- $9,810,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $11,920,000
Market price range: $4.12M - $58.7M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1413
- Latitude
- 25.7802
- 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
$102,276
$4,162,500
$2,237,500
$6,400,000
-
$4,162,500
$2,237,500
$6,400,000
