Aventura Office Space For
For Sale
$1,040,000
2820 NE 214th St 1005, Aventura, FL 33180
Vibrant Aventura building with medical, professional offices, and hotel.
Property Size118,000 SF
Lot Size1.36 Acres
Price / SF$774.96
Days on Market166
Property Features for 2820 NE 214th St 1005
General Information
Standard status
Active
Size
118,000 SF
Lot size
1.36 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,182
Building Details
Building Size
118,000 SF
Year Built
2021
Listing Agency:
Aventura Health District Realty
(305) 968-3279
Listed By:
Mariana Herrera
(305) 968-3279
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Aventura Health District Realty
Investment Insights
Based on property information with market context.
An office space is available for purchase within a building that also features 34 medical and professional offices, a Serena Hotel Tapestry Collection by Hilton with 100 extended-stay rooms, and retail establishments including Rainbow Pharmacy, Q’ans Beauty Salon, Lagree Pilates Studio, and Santana Leather Care. A restaurant on the sixth level is open to the public, serving breakfast, lunch, and dinner. The unit offers 1,342 square feet of space, incorporating a 20% common area factor. It features a south-facing exposure, floor-to-ceiling windows providing abundant natural light, and wood flooring. The location is within walking distance of Aventura Hospital and across Biscayne Blvd from Gulfstream Park and Aventura Commons, which includes Whole Foods and Target. The area is surrounded by dining, shopping, and healthcare facilities. The same unit is also available for rent at $55 per square foot, triple net.
Key Highlights
- Prime Aventura location, walk to Aventura Hospital and across from Gulfstream Park and Aventura Commons.
- Located in a vibrant building with medical and professional offices, a Serena Hotel, and various retail businesses.
- On‑site restaurant serving breakfast, lunch, and dinner.
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
$35,570
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
3.42%
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%
$711,400
$711.4K
Cap Rate 7%
$508,143
$508.1K
Cap Rate 9%
$395,222
$395.2K
Market Conditions
NOI Build-Up for 1,342 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
$61.2K $45.60/SF
− Vacancy
−$13.8K −$10.26/SF
EGI
$47.4K $35.34/SF
− OpEx
−$11.9K −$8.84/SF
NOI
$35.6K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /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%
$711,400
Cap Rate 7%
$508,143
Cap Rate 9%
$395,222
Alternative Uses
Best Use
Office B
$508.1K
$444.6K – $592.8K
NOI $35,570 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$680.9K
$595.8K – $794.3K
NOI $47,660 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Vibrant Aventura building with medical, professional offices, and hotel.
Where is this office units located?
The property is located at 2820 NE 214th St 1005 Aventura, FL.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Prime Aventura location, walk to Aventura Hospital and across from Gulfstream Park and Aventura Commons.; Located in a vibrant building with medical and professional offices, a Serena Hotel, and various retail businesses.; On‑site restaurant serving breakfast, lunch, and dinner.
