Office Unit with Private
12985 NE 7th Ave, North Miami, FL 33161
For Sale
Contact for pricing
Reception space, two enclosed rooms, and a kitchenette support office or medical-office use.
Property Size1,650 SF
Price / SF$0.02
Days on Market27
Property Features for 12985 NE 7th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Square Feet: 13800
Parcel Number: 06-22-30-006-0760, Tax Legal Description: IRONS MANOR 5TH ADD PB 22-38 LOT 16 & 17 BLK 16 LOT SIZE 100.000 X 138 OR 18381-1856 1298 1 COC 25622-1090 05 2007 1
Business Type: Medical Office, Office Space, Special Listing Conditions: Lease, Standard Status: Active
Year Built: 1955, Building Area Total: 4428
County Or Parish: Miami-Dade County
Leasable Area Units: Square Feet, Leasable Area: 1650
Building Details
Year Built
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Martina Smolakova · License #3474819
(305) 801-0759
Source:
Riserealty
Added: Oct 12
Changed: Nov 6
Last Checked: Nov 6 at 1:12PM
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 Fausto Commercial Realty Consultants Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,650-square-foot office unit has an open plan anchored by a reception area and two private rooms. Planned improvements include fresh paint, a new AC unit, a renovated bathroom with a shower, and a kitchenette. On-site parking serves the property at 12985 NE 7th Ave in North Miami.
Key Highlights
- 1,650 SF office unit
- Open layout with reception area and two private rooms
- Planned delivery improvements include fresh paint, a new AC unit, and a renovated bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,740
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,800
$434.8K
Cap Rate 7%
$310,571
$310.6K
Cap Rate 9%
$241,556
$241.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$39.6K $24.00/SF
− Vacancy
−$3.4K −$2.04/SF
EGI
$36.2K $21.96/SF
− OpEx
−$14.5K −$8.78/SF
NOI
$21.7K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,800
Cap Rate 7%
$310,571
Cap Rate 9%
$241,556
Alternative Uses
Best Use
Office B
$624.8K
$546.7K – $728.9K
NOI $43,733 @ 7.0% cap · market cap 124,951.43%
Second Best
Healthcare Medical
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 62,114.29%
Theoretical Best
Office A
$837.1K
$732.5K – $976.6K
NOI $58,598 @ 7.0% cap · market cap 167,422.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
$376,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami-Dade County, FL
Properties on Market for Office Units in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space, two enclosed rooms, and a kitchenette support office or medical-office use.
Where is this office unit located?
The property is located at 12985 NE 7th Ave North Miami, FL.
What are key features of this property?
This property features: 1,650 SF office unit; Open layout with reception area and two private rooms; Planned delivery improvements include fresh paint, a new AC unit, and a renovated bathroom with shower
