Renovated 4-Office
For Sale
Contact for pricing
Pending
11780 SW 89th St Unit 204, Miami, FL 33186
Second-floor office suite with a reception area, kitchen and storage, tiled finishes, and assigned on-site parking.
Property Size800 SF
Days on Market62
Property Features for 11780 SW 89th St Unit 204
General Information
Standard status
Pending
Size
800 SF
Property subtype
Office
Additional Details
Floor
2
Amenities
Features: City Location
Parcel Number: 30-59-01-082-0030, Tax Legal Description: 11780 POINCIANA CONDO UNIT 2C UNDIV 12.50% INT IN COMMON ELEMENTS OFF REC 26004-0543 COC 26050-0943 11 2007 1
Flooring: Tile
Cooling: Central Individual A/C
Business Type: Office Space, Professional, Lease Considered, Lease Term: Long Term Lease, Special Listing Conditions: Lease, Standard Status: Pending
Parking Total: 3, Features: Additional Spaces Available, Assigned, Guest
Construction Materials: CBS Construction, Year Built: 2002, Building Features: Elevator, Lobby, Structure Type: Commercial, Free Standing, Medical Office, Office
County Or Parish: Miami-Dade County, Unit Number: 204
Current Use: Commercial Office, Leasable Area Units: Square Feet, Leasable Area: 800
Tenant Pays: Electricity
Water Source: Public
Building Details
Year Built
2002
Listing Agency:
Premier Properties Int'l Inc.
Listed By:
Nicolas Ceccarelli · License #3011520
(305) 615-9898
Source:
Riserealty
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 23 at 7:47AM
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 Premier Properties Int'l Inc.
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.
Located at 11780 SW 89th St Unit 204 in Miami, Florida, this second-floor office suite contains 800 square feet with four individual offices, a reception area, and kitchen and storage areas. The suite was newly renovated and features tiled flooring throughout.
Assigned parking spaces accompany the suite, with additional on-site parking available. The property was built in 2002 and is configured for professional office use with a combination of private offices and shared support areas.
Assigned parking spaces accompany the suite, with additional on-site parking available. The property was built in 2002 and is configured for professional office use with a combination of private offices and shared support areas.
Key Highlights
- 800 SF second‑floor office suite
- Four individual offices plus reception area
- Kitchen and storage areas included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,520
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,400
$510.4K
Cap Rate 7%
$364,571
$364.6K
Cap Rate 9%
$283,556
$283.6K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$40.0K $50.04/SF
− Vacancy
−$6.0K −$7.51/SF
EGI
$34.0K $42.53/SF
− OpEx
−$8.5K −$10.63/SF
NOI
$25.5K $31.90/SF
Area
ZIP 33186
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,400
Cap Rate 7%
$364,571
Cap Rate 9%
$283,556
Alternative Uses
Best Use
Office B
$364.6K
$319.0K – $425.3K
NOI $25,520 @ 7.0% cap · market cap 928.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.9K
$382.3K – $509.7K
NOI $30,580 @ 7.0% cap · market cap 1,112.00%
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
2,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 33186, FL
69,866
Population
24,397
Households
2.9
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
5,634
Density / Sq Mi
$86,481
Median Household Income
$46,755
Median Earnings
$2,021
Median Rent
$422,300
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with a reception area, kitchen and storage, tiled finishes, and assigned on-site parking.
Where is this office unit located?
The property is located at 11780 SW 89th St Unit 204 Miami, FL.
What are key features of this property?
This property features: 800 SF second‑floor office suite; Four individual offices plus reception area; Kitchen and storage areas included
