Second-Floor Office
New
For Sale
$8,750,000
13 Xxx Sw 42 St, Miami, FL 33175
Portfolio sale covers the entire second floor of a professional office building, with parking included.
Property Size18,000 SF
Price / SF$486.11
Days on Market7
Property Features for 13 Xxx Sw 42 St
General Information
Standard status
Active
Size
18,000 SF
Class
A1
Additional Details
Floor
2
Highway Access
Yes
Listing Agency:
First Service Realty ERA
Listed By:
Alejandro Clemente · License #0485256
(305) 551-9400
Source:
Mymiahomes
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 4:21PM
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 First Service Realty ERA
Investment Insights
Based on property information with market context.
The offering combines 10 folio parcels totaling 18,000+ square feet across the building’s full second floor. The property is in an A1-class professional building and is suited to medical or other professional business use. More than 40 parking spaces are included in the sale.
The property is described as centrally located near hospitals, schools, and highways.
The property is described as centrally located near hospitals, schools, and highways.
Key Highlights
- 10 folio parcels offered as one portfolio
- 18,000+ square feet spanning the entire second floor
- More than 40 parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$425,250
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,505,000
$8.5M
Cap Rate 7%
$6,075,000
$6.1M
Cap Rate 9%
$4,725,000
$4.7M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$756.0K $42.00/SF
− Vacancy
−$189.0K −$10.50/SF
EGI
$567.0K $31.50/SF
− OpEx
−$141.8K −$7.88/SF
NOI
$425.3K $23.63/SF
Area
ZIP 33175
Vacancy
25.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,505,000
Cap Rate 7%
$6,075,000
Cap Rate 9%
$4,725,000
Alternative Uses
Best Use
Office B
$6.07M
$5.32M – $7.09M
NOI $425,250 @ 7.0% cap · market cap 4.86%
Second Best
Healthcare Medical
$3.48M
$3.05M – $4.06M
NOI $243,648 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$9.13M
$7.99M – $10.65M
NOI $639,251 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 33175, FL
52,950
Population
17,787
Households
3
Avg Household Size
47
Median Age
31%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
6,703
Density / Sq Mi
$79,711
Median Household Income
$40,159
Median Earnings
$1,943
Median Rent
$456,600
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Portfolio sale covers the entire second floor of a professional office building, with parking included.
Where is this office units located?
The property is located at 13 Xxx Sw 42 St Miami, FL.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 10 folio parcels offered as one portfolio; 18,000+ square feet spanning the entire second floor; More than 40 parking spaces included
