Penthouse Office
For Sale
$1,199,000
12940 SW 128th St 202, Miami, FL 33186
Six enclosed offices, a conference room, two bathrooms, and lake-facing windows create a polished professional setting.
Property Size2,147 SF
Price / SF$558.45
Days on Market48
Property Features for 12940 SW 128th St 202
General Information
Standard status
Active
Size
2,147 SF
Total Parking Spaces
7
Elevators
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Penthouse
Amenities
lake view
balcony
smart Crestron automation system
Building Details
Year Built
2003
Listing Agency:
EquiEstate, Corp.
Listed By:
Christopher Blanc · License #3476061
(305) 878-2936
Source:
Chenoregroup
Added: Sep 5
Changed: Oct 10
Last Checked: Oct 7 at 5:32PM
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 EquiEstate, Corp.
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Investment Insights
Based on property information with market context.
This penthouse office unit offers a carefully finished professional environment with six glass-enclosed offices, a large conference room with balcony access, a reception area, kitchen with sink and refrigerator, and two bathrooms. Marble flooring, custom lighting, 11–17-foot ceilings, hurricane-impact windows and doors, and a Crestron-controlled system for security, lighting, HVAC, and sound add substantial interior upgrades.
The property is positioned near the main connector serving 874, the Turnpike, and Miami Executive Airport. An open approach leads to the office entrance by elevator or staircase, with lake views along the walkway and from the office areas. Seven deeded parking spaces are included, two of them covered. The building was constructed in 2003, and the roof was replaced in 2024.
The property is positioned near the main connector serving 874, the Turnpike, and Miami Executive Airport. An open approach leads to the office entrance by elevator or staircase, with lake views along the walkway and from the office areas. Seven deeded parking spaces are included, two of them covered. The building was constructed in 2003, and the roof was replaced in 2024.
Key Highlights
- Six glass‑enclosed offices plus a large conference room with balcony access
- Lake views from the approach and office areas
- 11–17‑foot volume ceilings with marble flooring and custom lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,490
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,800
$1.4M
Cap Rate 7%
$978,429
$978.4K
Cap Rate 9%
$761,000
$761.0K
Market Conditions
NOI Build-Up for 2,147 SF
Gross rent
$107.4K $50.04/SF
− Vacancy
−$16.1K −$7.51/SF
EGI
$91.3K $42.53/SF
− OpEx
−$22.8K −$10.63/SF
NOI
$68.5K $31.90/SF
Area
ZIP 33186
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,800
Cap Rate 7%
$978,429
Cap Rate 9%
$761,000
Alternative Uses
Best Use
Office B
$978.4K
$856.1K – $1.14M
NOI $68,490 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,070 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,422
Businesses Nearby
Explore this area
Business Placement
Demographics for 33186, FL
69,866
Population
24,397
Households
2.9
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
5,634
Density / Sq Mi
$86,481
Median Household Income
$46,755
Median Earnings
$2,021
Median Rent
$422,300
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Six enclosed offices, a conference room, two bathrooms, and lake-facing windows create a polished professional setting.
Where is this office unit located?
The property is located at 12940 SW 128th St 202 Miami, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Six glass‑enclosed offices plus a large conference room with balcony access; Lake views from the approach and office areas; 11–17‑foot volume ceilings with marble flooring and custom lighting
