Freestanding Professional Office
For Sale
$2,250,000
Pending
2250 S Dixie Hwy, Miami, FL 33133
Free-standing professional office on S Dixie Hwy with over 88,000 cars per day traffic exposure.
Property Size4,301 SF
Days on Market3459
Property Features for 2250 S Dixie Hwy
General Information
Standard status
Pending
Size
4,301 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
10 Parking Spaces.
Building Details
Year Built
1969
Buildings
1
Building Size
4,301 SF
Tenancy
Multi
Listing Agency:
RE/MAX Advance Realty
(305) 794-9773
Listed By:
Paul Silverstein · License #A12000239
(305) 794-9773
Source:
Xome
Added: Feb 10, 2017
Changed: Jul 30
Last Checked: Jul 30 at 4:42PM
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 RE/MAX Advance Realty
Investment Insights
Based on property information with market context.
This freestanding professional office building offers 4,301 square feet and is positioned directly on South Dixie Hwy. Built in 1969, the property includes guest facilities and provides 3 guest facilities. The exterior offers 10 parking spaces, with no pool on site.
The building is currently occupied by an insurance company and a medical office tenant. Lease expirations are in approximately 36 months. The property is by appointment only; please do not disturb tenants. It is positioned for visibility along South Dixie Hwy, with traffic count over 88,000 cars per day, and it is about 5 minutes to Brickell Avenue and Downtown Miami.
The building is presented for professional office use, with existing occupancy and near-term lease turnover expected in roughly three years.
The building is currently occupied by an insurance company and a medical office tenant. Lease expirations are in approximately 36 months. The property is by appointment only; please do not disturb tenants. It is positioned for visibility along South Dixie Hwy, with traffic count over 88,000 cars per day, and it is about 5 minutes to Brickell Avenue and Downtown Miami.
The building is presented for professional office use, with existing occupancy and near-term lease turnover expected in roughly three years.
Key Highlights
- 4,301 SF freestanding professional office building directly on South Dixie Hwy
- Traffic count over 88,000 cars per day for visibility
- Currently occupied by an insurance company and a medical office tenant
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.5k | $45.00 |
| − Vacancy | −$29.0k | −$6.75 |
| EGI | $164.5k | $38.25 |
| − OpEx | −$41.1k | −$9.56 |
| NOI | $123.4k | $28.69 |
4,301 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.06M
NOI $123,385 @ 7.0% cap · market cap 5.48%
Second Best
Healthcare Medical
$1.02M
$890.3K – $1.19M
NOI $71,225 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.39M
NOI $203,224 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
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 building - Free-standing professional office on S Dixie Hwy with over 88,000 cars per day traffic exposure.
Where is this office building located?
The property is located at 2250 S Dixie Hwy Miami, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 4,301 SF freestanding professional office building directly on South Dixie Hwy; Traffic count over 88,000 cars per day for visibility; Currently occupied by an insurance company and a medical office tenant
