Second-Floor Office
New
For Sale
Contact for pricing
10585 SW 109th Court, Miami, FL 33176
A private office offers a defined workspace, with light and water included.
Property Size25,000 SF
Price / SF$0.05
Days on Market6
Property Features for 10585 SW 109th Court
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Office
Additional Details
Floor
2
Utilities to Site
Yes
Property Use
Office
Listing Agency:
Intertrust Realty Corp.
(305) 531-4527
Listed By:
Fabian Melnik · License #3161781
(305) 915-6466
Source:
Lehmannflorida
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 7:01AM
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 Intertrust Realty Corp.
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.
This second-floor office unit includes a 400-square-foot private office and tile flooring. Light and water are included, and the space is available immediately.
The property is across the street from Miami Dade College Kendall Campus and the main post office, with residential buildings also in the surrounding area.
The property is across the street from Miami Dade College Kendall Campus and the main post office, with residential buildings also in the surrounding area.
Key Highlights
- 400‑square‑foot private office
- Located on the second floor
- Tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$717,188
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,343,760
$14.3M
Cap Rate 7%
$10,245,543
$10.2M
Cap Rate 9%
$7,968,756
$8.0M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$1.13M $45.00/SF
− Vacancy
−$168.8K −$6.75/SF
EGI
$956.3K $38.25/SF
− OpEx
−$239.1K −$9.56/SF
NOI
$717.2K $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%
$14,343,760
Cap Rate 7%
$10,245,543
Cap Rate 9%
$7,968,756
Alternative Uses
Best Use
Office B
$10.25M
$8.96M – $11.95M
NOI $717,188 @ 7.0% cap · market cap 53,125.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.88M
$14.77M – $19.69M
NOI $1,181,261 @ 7.0% cap · market cap 87,500.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 33176, FL
52,370
Population
20,309
Households
2.6
Avg Household Size
44
Median Age
43%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,328
Density / Sq Mi
$80,437
Median Household Income
$45,040
Median Earnings
$1,666
Median Rent
$568,400
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A private office offers a defined workspace, with light and water included.
Where is this office unit located?
The property is located at 10585 SW 109th Court Miami, FL.
What are key features of this property?
This property features: 400‑square‑foot private office; Located on the second floor; Tile flooring
