Office Unit with Conference
10585 SW 109th Court #209, Miami, FL 33176
For Sale
Contact for pricing
The layout includes a waiting area and a separate private room.
Property Size25,000 SF
Price / SF$0.08
Days on Market8
Property Features for 10585 SW 109th Court #209
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Property Use
Amenities
waiting area
conference room
private room
Listing Agency:
Intertrust Realty Corp.
(305) 531-4527
Listed By:
Fabian Melnik · License #3161781
(305) 915-6466
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:58AM
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 25,000-square-foot office unit is configured with a waiting area, a conference room and a private room. The property is offered for sale, and furniture is not included.
Key Highlights
- 25,000 square feet of office space
- Includes a waiting area, conference room and private room
- Furniture is not included
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 36,778.87%
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 60,577.49%
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
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
$568,400
Median Home Value
Market
Average Price Trend$/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 - The layout includes a waiting area and a separate private room.
Where is this office unit located?
The property is located at 10585 SW 109th Court #209 Miami, FL.
What are key features of this property?
This property features: 25,000 square feet of office space; Includes a waiting area, conference room and private room; Furniture is not included
