Move-In Ready Office
For Sale
$810,000
Pending
175 SW 7th Street #1600, Miami, FL 33130
Southwest corner office suite with floor-to-ceiling windows, seven private offices, conference room, and kitchenette.
Property Size1,544 SF
Days on Market45
Property Features for 175 SW 7th Street #1600
General Information
Standard status
Pending
Size
1,544 SF
Class
A
Total Parking Spaces
3
Zoning
6600
Taxes and HOA fees
Annual Taxes
$11,727
Building Details
Building Size
1,544 SF
Year Built
2007
Stories
1
Listing Agency:
Treasure Property Group LLC
(786) 564-9698
Listed By:
Claudia Herrera · License #B26050669
(786) 564-9698
Source:
Laerrealty
Added: Jul 11
Changed: Aug 22
Last Checked: Aug 24 at 3:14AM
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 Treasure Property Group LLC
Investment Insights
Based on property information with market context.
The Latitude on Brickell offers a move-in ready office suite on the southwest corner with floor-to-ceiling windows and unobstructed city views. The interior layout includes seven private glass-partition offices, a conference room, reception area, dedicated server/copy room, and a kitchenette, providing a turn-key configuration for day-to-day operations.
The building is described as a full-service Class A property with HOA coverage for electricity, A/C, internet, and cable. Access is available 24 hours a day, with after-hours A/C service, and the suite includes three assigned parking spaces.
Positioned in the Brickell area, the property is within walking distance of Brickell City Centre, Mary Brickell Village, the Metromover, Metrorail, and I-95, with Miami International Airport located minutes away.
The building is described as a full-service Class A property with HOA coverage for electricity, A/C, internet, and cable. Access is available 24 hours a day, with after-hours A/C service, and the suite includes three assigned parking spaces.
Positioned in the Brickell area, the property is within walking distance of Brickell City Centre, Mary Brickell Village, the Metromover, Metrorail, and I-95, with Miami International Airport located minutes away.
Key Highlights
- 1,544 SF southwest corner office suite with floor‑to‑ceiling windows and unobstructed city views
- Move‑in ready with seven private glass‑partition offices, including a conference room and reception area
- Includes dedicated server/copy room and a kitchenette
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
$44,294
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
5.47%
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%
$885,880
$885.9K
Cap Rate 7%
$632,771
$632.8K
Cap Rate 9%
$492,156
$492.2K
Market Conditions
NOI Build-Up for 1,544 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
$69.5K $45.00/SF
− Vacancy
−$10.4K −$6.75/SF
EGI
$59.1K $38.25/SF
− OpEx
−$14.8K −$9.56/SF
NOI
$44.3K $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%
$885,880
Cap Rate 7%
$632,771
Cap Rate 9%
$492,156
Alternative Uses
Best Use
Office B
$632.8K
$553.7K – $738.2K
NOI $44,294 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$911.9K – $1.22M
NOI $72,955 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Southwest corner office suite with floor-to-ceiling windows, seven private offices, conference room, and kitchenette.
Where is this office units located?
The property is located at 175 SW 7th Street #1600 Miami, FL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 1,544 SF southwest corner office suite with floor‑to‑ceiling windows and unobstructed city views; Move‑in ready with seven private glass‑partition offices, including a conference room and reception area; Includes dedicated server/copy room and a kitchenette
