Miami Office Building For
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1395 Coral Way, Miami, FL
Two-story, 10,848 SF office building in Miami.
Property Size10,848 SF
Lot Size0.19 Acres
Price / SF$553.10
Days on Market543
Property Features for 1395 Coral Way
General Information
Standard status
Active
Size
10,848 SF
Lot size
0.19 Acres
Property subtype
OFFICE
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Ashleen Cruz · License #3555022
(305) 794-1945
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Sep 7
Last Checked: Sep 11 at 12:46PM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This is a free-standing office building with 10,848 square feet of space, located in Miami. The two-story building is suitable for various businesses and uses, including medical, office, and professional services. The property features on-site parking. It has been recently renovated with new floors, bathrooms, and lighting.
Key Highlights
- Over 10,848 Sqft Free Standing office building in the heart of Miami.
- Suitable for various businesses: Medical, office, and professional services.
- Plenty of parking spaces on site.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$311,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,224,040
$6.2M
Cap Rate 7%
$4,445,743
$4.4M
Cap Rate 9%
$3,457,800
$3.5M
Market Conditions
NOI Build-Up for 10,848 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$488.2K $45.00/SF
− Vacancy
−$73.2K −$6.75/SF
EGI
$414.9K $38.25/SF
− OpEx
−$103.7K −$9.56/SF
NOI
$311.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,224,040
Cap Rate 7%
$4,445,743
Cap Rate 9%
$3,457,800
Alternative Uses
Best Use
Office B
$4.45M
$3.89M – $5.19M
NOI $311,202 @ 7.0% cap · market cap 5.19%
Second Best
Healthcare Medical
$2.57M
$2.25M – $2.99M
NOI $179,643 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$7.32M
$6.41M – $8.54M
NOI $512,573 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Office building - Two-story, 10,848 SF office building in Miami.
Where is this office building located?
The property is located at 1395 Coral Way Miami, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Over 10,848 Sqft Free Standing office building in the heart of Miami.; Suitable for various businesses: Medical, office, and professional services.; Plenty of parking spaces on site.
