Office Unit with Garage
For Sale
Contact for pricing
0210-3059 Grand Ave, Miami, FL 33133
Sublease term extends through April 2030, with additional parking available for rent.
Property Size2,559 SF
Price / SF$5.67
Days on Market168
Property Features for 0210-3059 Grand Ave
General Information
Standard status
Active
Size
2,559 SF
Total Parking Spaces
7
Site & Location
Neighborhood
South Coconut Grove
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Parking Ratio
3.5 per 1,000 SF
Listing Agency:
Synergy Realty Advisors
(305) 297-3557
Listed By:
Valeria Martinez · License #3631619
(561) 757-9670
Source:
Exprealty
Added: May 13
Changed: Oct 25
Last Checked: Oct 26 at 10:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Synergy Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An office unit in Two CocoWalk is offered for sublease through April 2030. The space includes seven parking spaces in the on-site garage, with additional spaces available to rent; the sublease is subject to landlord approval.
The building is adjacent to CocoWalk, a mixed-use retail and office destination, with access to US-1, Brickell, Coral Gables, and Downtown Miami.
The building is adjacent to CocoWalk, a mixed-use retail and office destination, with access to US-1, Brickell, Coral Gables, and Downtown Miami.
Key Highlights
- Sublease term runs through April 2030, subject to landlord approval
- Seven parking spaces included; additional garage parking may be rented
- Two CocoWalk is adjacent to the CocoWalk retail and office destination
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,411
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,220
$1.5M
Cap Rate 7%
$1,048,729
$1.0M
Cap Rate 9%
$815,678
$815.7K
Market Conditions
NOI Build-Up for 2,559 SF
Gross rent
$115.2K $45.00/SF
− Vacancy
−$17.3K −$6.75/SF
EGI
$97.9K $38.25/SF
− OpEx
−$24.5K −$9.56/SF
NOI
$73.4K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,468,220
Cap Rate 7%
$1,048,729
Cap Rate 9%
$815,678
Alternative Uses
Best Use
Office B
$1.05M
$917.6K – $1.22M
NOI $73,411 @ 7.0% cap · market cap 506.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $120,914 @ 7.0% cap · market cap 833.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Sublease term extends through April 2030, with additional parking available for rent.
Where is this office unit located?
The property is located at 0210-3059 Grand Ave Miami, FL.
What are key features of this property?
This property features: Sublease term runs through April 2030, subject to landlord approval; Seven parking spaces included; additional garage parking may be rented; Two CocoWalk is adjacent to the CocoWalk retail and office destination
