This is a news story only, not a listing.
It has been officially reported that the property located at 7109 SW 61 Ct in South miami within zip code 33143 and with the folio number 09-0250-027-0090 sold on December 16, 2021. The sale type was recorded as "Qual on DOS, multi-parcel sale." Selling prices of properties as recorded at the property appraiser frequently do not represent the whole story; thus full transaction details should be confirmed with the parties. In particular for this commercial property sale, since this is noted by the county as a multi-parcel sale, it is likely that the price reported as paid is for more than just this one folio. Specific information about the buyer and seller in this transaction may be found by navigating to our property appraiser links for this property, clicking through on the link to "Main Page with Lot Outline, Aerial Views," then clicking through on the applicable sale on the date December 16, 2021 and with an amount of $7,800,000.00 about two thirds down the page, under the heading "Sales Information."
When considering this 7109 SW 61 Ct property sale one should consider other properties within its zip code 33143, some of which are currently for sale in this same zip code, as well as off-market listings in the area. Information on prior sales of area properties as well as current listings can be useful to gauge area pricing, but are not perfectly reliable. Current zip code 33143 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33143 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for South Miami, the South Florida city in which the property is located, may also be worth reviewing.
Commercial properties that are currently listed in zip code 33143 can also give a representation of current market value, although it should be noted that actual selling prices are a better indicator as an asking price for any property is only that, an asking price. It can also prove insightful to view other commercial property holdings of and other information related to the property's recent ownership . Finally, a review of nearby businesses and resources and area traffic levels can be insightful, allowing the prospective buyer to quickly get a feel for area commerce and resources.
A birdseye view of the property is displayed above and a street map of the location is below. Additional information on this property, including other sales transactions amounts and links directly to pages for this property at the Miami-Dade County Property Appraiser website, can be found at this site's information page for this property. Note that the above birdseye aerial view and map herein were generated using the address recorded with the county property appraiser for the folio entered for this listing and that they are provided on a best efforts basis only and are not guaranteed.Other places to find news stories related to Miami area commercial real estate include BisNow, The Real Deal, Globe Street, and Google News.
Update: This 7109 SW 61 Ct property in South Miami within the zip code 33143 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 0 adjusted square feet of building that was built in an unknown (not recorded) year showing an effective year built (also) of an unknown (not recorded) year. Having a lot size of 3,760 square feet, one would perhaps put it in the 0 to 5,000 square feet range as far as lot size. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 6801 - COMMERCIAL with a land use of 1081 - VACANT LAND - COMMERCIAL : VACANT LAND. This Miami-Dade reference for zoning is believed to translate into MO zoning in South Miami, Florida, information about which may be found here. Any such (MO zoned properties) in may be found here. Note that since this was reported subsequent to the sale, it is possible these were different at the time of the sale.
This information is provided on a best-efforts basis alone. Do not rely on this to make an investment or real estate related decision.
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NOTE: This is a commercial real estate sales new story only - NOT a listing - about the December 16, 2021 sale of the commercial real estate property with Miami-Dade folio number 09-0250-027-0090 (0940250270090 without the dashes) and an address of 7109 SW 61 Ct in South miami, Florida 33143.