Office Unit in Retail
For Sale
Contact for pricing
10517 SW 40th Street FOR OFFICE ONLY, Miami, FL 33165
An office unit is located within a shopping plaza on SW 40th Street.
Property Size700 SF
Price / SF$4.07
Days on Market16
Property Features for 10517 SW 40th Street FOR OFFICE ONLY
General Information
Standard status
Active
Size
700 SF
Property subtype
Office
Building Details
Year Built
1982
Listing Agency:
Professional Realty Srvcs LLC
(305) 933-1626
Listed By:
Emanuel Goldszmidt · License #3025745
(305) 527-2098
Source:
Lehmannflorida
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 21 at 2:06AM
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 Professional Realty Srvcs LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit is part of a shopping strip plaza at 10517 SW 40th Street in Miami, Florida. The property was built in 1982.
Key Highlights
- Office unit within a shopping strip plaza
- Address: 10517 SW 40th Street, Miami, FL 33165
- Year built: 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,081
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,620
$401.6K
Cap Rate 7%
$286,871
$286.9K
Cap Rate 9%
$223,122
$223.1K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$31.5K $45.00/SF
− Vacancy
−$4.7K −$6.75/SF
EGI
$26.8K $38.25/SF
− OpEx
−$6.7K −$9.56/SF
NOI
$20.1K $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%
$401,620
Cap Rate 7%
$286,871
Cap Rate 9%
$223,122
Alternative Uses
Best Use
Office B
$286.9K
$251.0K – $334.7K
NOI $20,081 @ 7.0% cap · market cap 704.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 1,160.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - An office unit is located within a shopping plaza on SW 40th Street.
Where is this office unit located?
The property is located at 10517 SW 40th Street FOR OFFICE ONLY Miami, FL.
What are key features of this property?
This property features: Office unit within a shopping strip plaza; Address: 10517 SW 40th Street, Miami, FL 33165; Year built: 1982
