Two-Story Office
12426 West Dixie Highway, North Miami, FL 33161
For Sale
Contact for pricing
Two connected buildings provide a compact office property with municipal water and sewer service.
Property Size5,315 SF
Lot Size0.08 Acres
Price / SF$349.76
Days on Market48
Property Features for 12426 West Dixie Highway
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Additional Details
Opportunity Zone
Property Use
Building Details
Buildings
Building Size
Listing Agency:
ACRE Expert LLC
Listed By:
Drew Attias
Source:
Crexi
Added: Sep 28
Changed: Nov 12
Last Checked: Nov 12 at 6:06AM
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 ACRE Expert LLC
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Investment Insights
Based on property information with market context.
The office property consists of two two-story buildings totaling 5,315 square feet on a 0.08-acre parcel. Water is supplied by the city, and the site is connected to sewer and electric service.
Road access is present. The property is within a flood zone; wetlands are not present.
Road access is present. The property is within a flood zone; wetlands are not present.
Key Highlights
- 5,315‑square‑foot office building property
- Two connected two‑story buildings
- 0.08‑acre parcel with road access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,317
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,966,340
$3.0M
Cap Rate 7%
$2,118,814
$2.1M
Cap Rate 9%
$1,647,967
$1.6M
Market Conditions
NOI Build-Up for 5,315 SF
Gross rent
$236.0K $44.40/SF
− Vacancy
−$38.2K −$7.19/SF
EGI
$197.8K $37.21/SF
− OpEx
−$49.4K −$9.30/SF
NOI
$148.3K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,966,340
Cap Rate 7%
$2,118,814
Cap Rate 9%
$1,647,967
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,317 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,167 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Miami-Dade County, FL
Properties on Market for Office buildings in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two connected buildings provide a compact office property with municipal water and sewer service.
Where is this office building located?
The property is located at 12426 West Dixie Highway North Miami, FL.
What is the asking price?
The asking price for this property is $1,859,000.
What are key features of this property?
This property features: 5,315‑square‑foot office building property; Two connected two‑story buildings; 0.08‑acre parcel with road access
