Office Unit with
10240 SW 56th St 106, Miami, FL 33165
For Sale
Contact for pricing
Professional workspace with reception, multiple offices, a bathroom, and plentiful parking.
Property Size14,605 SF
Days on Market53
Property Features for 10240 SW 56th St 106
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Stories
Listing Agency:
Real Estate America
Listed By:
Antonia Jane · License #A12030760
(305) 710-4422
Source:
Elliman
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 8 at 6:14AM
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 Real Estate America
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Investment Insights
Based on property information with market context.
This office unit at 10240 SW 56th St 106 includes a reception area, 3 offices, a bathroom, and a small backyard. The layout provides a defined front-of-house area along with separate rooms for office use, and the property includes plenty of parking. Built in 1986, the unit is configured for professional office occupancy.
The property is across the street from Saint Timothy Church and School. Walk Score is 84, rated Very Walkable; Bike Score is 53, rated Bikeable; and Transit Score is 32, rated Some Transit.
The property is across the street from Saint Timothy Church and School. Walk Score is 84, rated Very Walkable; Bike Score is 53, rated Bikeable; and Transit Score is 32, rated Some Transit.
Key Highlights
- Reception area with 3 offices and a bathroom
- Small backyard included with the office unit
- Plenty of parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$418,981
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,379,620
$8.4M
Cap Rate 7%
$5,985,443
$6.0M
Cap Rate 9%
$4,655,344
$4.7M
Market Conditions
NOI Build-Up for 14,605 SF
Gross rent
$657.2K $45.00/SF
− Vacancy
−$98.6K −$6.75/SF
EGI
$558.6K $38.25/SF
− OpEx
−$139.7K −$9.56/SF
NOI
$419.0K $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%
$8,379,620
Cap Rate 7%
$5,985,443
Cap Rate 9%
$4,655,344
Alternative Uses
Best Use
Office B
$5.99M
$5.24M – $6.98M
NOI $418,981 @ 7.0% cap · market cap 11,970.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.86M
$8.63M – $11.50M
NOI $690,093 @ 7.0% cap · market cap 19,716.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
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Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Professional workspace with reception, multiple offices, a bathroom, and plentiful parking.
Where is this office unit located?
The property is located at 10240 SW 56th St 106 Miami, FL.
What are key features of this property?
This property features: Reception area with 3 offices and a bathroom; Small backyard included with the office unit; Plenty of parking
