10th-Floor Glass Office
For Sale
$980,000
1008-20200 W Dixie Hwy, Miami, FL 33146
Brand new 10th-floor office with floor-to-ceiling windows, glass dividers, and covered parking with direct elevator access.
Property Size1,926 SF
Price / SF$508.83
Days on Market89
Property Features for 1008-20200 W Dixie Hwy
General Information
Standard status
Active
Size
1,926 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Fernando Villagran · License #3439247
(954) 699-8192
Source:
Exprealty
Added: Jun 10
Changed: Aug 20
Last Checked: Sep 6 at 12:53PM
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 Partnership Realty Inc.
Investment Insights
Based on property information with market context.
This brand new office building includes a premium 10th-floor office suite designed for a polished work environment. The space features elegant glass dividers, an expansive open area, and in-suite conveniences including a microwave, coffee maker, and refrigerator. The office also includes a sleek white wall unit and luxurious marble floors throughout. Floor-to-ceiling windows provide city views, with motorized curtains controlled by remote.
The building is positioned in the heart of Aventura near Aventura Mall and major roads, between Dixie Hwy and Ives Dairy Road. Covered parking is available with direct elevator access from the parking area into the building.
The suite provides approximately 1,926 square feet of interior space and offers a modern layout suitable for professional office use.
The building is positioned in the heart of Aventura near Aventura Mall and major roads, between Dixie Hwy and Ives Dairy Road. Covered parking is available with direct elevator access from the parking area into the building.
The suite provides approximately 1,926 square feet of interior space and offers a modern layout suitable for professional office use.
Key Highlights
- Brand new office space on the 10th floor with 1,926 sq. ft. of interior space
- Floor‑to‑ceiling windows with motorized curtains and remote control
- Luxurious marble floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,105,040
$1.1M
Cap Rate 7%
$789,314
$789.3K
Cap Rate 9%
$613,911
$613.9K
Market Conditions
NOI Build-Up for 1,926 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.7K $45.00/SF
− Vacancy
−$13.0K −$6.75/SF
EGI
$73.7K $38.25/SF
− OpEx
−$18.4K −$9.56/SF
NOI
$55.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,105,040
Cap Rate 7%
$789,314
Cap Rate 9%
$613,911
Alternative Uses
Best Use
Office B
$789.3K
$690.7K – $920.9K
NOI $55,252 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,004 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Brand new 10th-floor office with floor-to-ceiling windows, glass dividers, and covered parking with direct elevator access.
Where is this office units located?
The property is located at 1008-20200 W Dixie Hwy Miami, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Brand new office space on the 10th floor with 1,926 sq. ft. of interior space; Floor‑to‑ceiling windows with motorized curtains and remote control; Luxurious marble floors throughout
