Professional Office
For Sale
$130,500
2100 W 76th St 206, Hialeah, FL 33016
Office suite for sale in a multi-story building with elevator access, parking, new laminate flooring, and fresh paint.
Property Size435 SF
Price / SF$300
Days on Market49
Property Features for 2100 W 76th St 206
General Information
Standard status
Active
Size
435 SF
Additional Details
Highway Access
Yes
Amenities
elevator access
on-site parking
abundant natural light
Building Details
Year Built
1986
Listing Agency:
Herron Real Estate LLC
Listed By:
Erika Larios Grimaldi · License #A11988953
(407) 222-1571
Source:
Mymiahomes
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 7 at 12:00PM
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 Herron Real Estate LLC
Investment Insights
Based on property information with market context.
Professional office suite available for sale in Village Bank Center, a well-maintained multi-story office building. The suite features new laminate flooring, fresh paint, and abundant natural light.
The building is located in the heart of Hialeah with elevator access and ample on-site parking. Easy access is noted to Palmetto Expressway (SR-826) and Okeechobee Road (US-27), with proximity to the airport and shopping.
This suite is currently suited for professional office use, including medical, administrative, consulting, or service-based businesses seeking a convenient workspace within the building.
The building is located in the heart of Hialeah with elevator access and ample on-site parking. Easy access is noted to Palmetto Expressway (SR-826) and Okeechobee Road (US-27), with proximity to the airport and shopping.
This suite is currently suited for professional office use, including medical, administrative, consulting, or service-based businesses seeking a convenient workspace within the building.
Key Highlights
- 1986‑built multi‑story office building with an available professional office suite
- Suite features new laminate flooring and fresh paint
- Elevator access in the building for convenient suite access
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
$8,398
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
6.44%
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%
$167,960
$168.0K
Cap Rate 7%
$119,971
$120.0K
Cap Rate 9%
$93,311
$93.3K
Market Conditions
NOI Build-Up for 435 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
$14.4K $33.00/SF
− Vacancy
−$3.2K −$7.26/SF
EGI
$11.2K $25.74/SF
− OpEx
−$2.8K −$6.44/SF
NOI
$8.4K $19.31/SF
Area
Hialeah, FL
Vacancy
22.00%
Lease Rate
$33.00 /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%
$167,960
Cap Rate 7%
$119,971
Cap Rate 9%
$93,311
Alternative Uses
Best Use
Office B
$120.0K
$105.0K – $140.0K
NOI $8,398 @ 7.0% cap · market cap 6.44%
Second Best
Healthcare Medical
$100.7K
$88.1K – $117.5K
NOI $7,047 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$171.2K
$149.8K – $199.8K
NOI $11,985 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
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 - Office suite for sale in a multi-story building with elevator access, parking, new laminate flooring, and fresh paint.
Where is this office units located?
The property is located at 2100 W 76th St 206 Hialeah, FL.
What is the asking price?
The asking price for this property is $130,500.
What are key features of this property?
This property features: 1986‑built multi‑story office building with an available professional office suite; Suite features new laminate flooring and fresh paint; Elevator access in the building for convenient suite access
