Office
For Sale
Contact for pricing
150 SE 2nd Ave, Miami, FL 33131
Office units at 150 SE 2nd Ave with a 3-year lease term and convenient tenant and visitor access.
Property Size851 SF
Price / SF$405.41
Days on Market501
Property Features for 150 SE 2nd Ave
General Information
Standard status
Active
Size
851 SF
Property subtype
OFFICE
Financials
Gross Income
$29,785
HOA Fee
$702
Listing Agency:
FA Commercial
(786) 262-9966
Listed By:
Fabio Faerman · License #3045634
(786) 262-9966
Source:
Moodyscre
Added: Mar 25, 2025
Changed: Jul 29
Last Checked: Aug 7 at 3:45AM
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 FA Commercial
Investment Insights
Based on property information with market context.
Office units offered for sale at 150 SE 2nd Ave, Miami, FL 33131, totaling 851 SF. The property is presented with a 3-year lease term.
The location provides seamless access to transportation and major thoroughfares, with proximity to dining and entertainment options. Ample parking and convenient access are identified as key attributes for both tenants and visitors.
This configuration suits users looking for office space within an established downtown environment where day-to-day access and parking convenience are practical considerations.
The location provides seamless access to transportation and major thoroughfares, with proximity to dining and entertainment options. Ample parking and convenient access are identified as key attributes for both tenants and visitors.
This configuration suits users looking for office space within an established downtown environment where day-to-day access and parking convenience are practical considerations.
Key Highlights
- 851 SF office units at 150 SE 2nd Ave, Miami, FL 33131
- 3‑year lease term
- Seamless access to transportation and major thoroughfares
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
$24,413
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
7.08%
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%
$488,260
$488.3K
Cap Rate 7%
$348,757
$348.8K
Cap Rate 9%
$271,256
$271.3K
Market Conditions
NOI Build-Up for 851 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
$38.3K $45.00/SF
− Vacancy
−$5.7K −$6.75/SF
EGI
$32.6K $38.25/SF
− OpEx
−$8.1K −$9.56/SF
NOI
$24.4K $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%
$488,260
Cap Rate 7%
$348,757
Cap Rate 9%
$271,256
Alternative Uses
Best Use
Office B
$348.8K
$305.2K – $406.9K
NOI $24,413 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$574.4K
$502.6K – $670.2K
NOI $40,210 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 33131, FL
26,213
Population
18,872
Households
1.4
Avg Household Size
37
Median Age
77%
College-Educated
98%
High-School Grad
0.5 sq mi
ZIP Area
52,426
Density / Sq Mi
$143,114
Median Household Income
$86,331
Median Earnings
$2,847
Median Rent
$621,700
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 - Office units at 150 SE 2nd Ave with a 3-year lease term and convenient tenant and visitor access.
Where is this office units located?
The property is located at 150 SE 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 851 SF office units at 150 SE 2nd Ave, Miami, FL 33131; 3‑year lease term; Seamless access to transportation and major thoroughfares
