Furnished Office
For Sale
Contact for pricing
21290 Biscayne # 404, Aventura, FL 33180
Furnished workspace accommodates medical or business services, with an option for shared-office use.
Property Size104,000 SF
Price / SF$0.04
Days on Market635
Property Features for 21290 Biscayne # 404
General Information
Standard status
Active
Size
104,000 SF
Class
Class A
Property subtype
Office
Additional Details
Furnished
Yes
Property Use
Medical Office
Amenities
kitchenette
Building Details
Building Size
104,000 SF
Listing Agency:
Mendelson Global, LLC
Listed By:
Mirit Mendelson · License #0555685
(786) 290-4443
Source:
Diannalantiguarealty
Added: Jan 31, 2025
Changed: Oct 27
Last Checked: Oct 26 at 3:53PM
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 Mendelson Global, LLC
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.
Office unit #404 is offered furnished and includes 14-foot ceilings, air conditioning, electricity, and a kitchenette. The space is identified for medical or business services, with yearly or shared-office arrangements noted as options.
Key Highlights
- Office unit #404
- 14‑foot ceilings
- Furnished, with air conditioning, electricity, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,370,304
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,406,080
$27.4M
Cap Rate 7%
$19,575,771
$19.6M
Cap Rate 9%
$15,225,600
$15.2M
Market Conditions
NOI Build-Up for 104,000 SF
Gross rent
$2.50M $24.00/SF
− Vacancy
−$212.2K −$2.04/SF
EGI
$2.28M $21.96/SF
− OpEx
−$913.5K −$8.78/SF
NOI
$1.37M $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%
$27,406,080
Cap Rate 7%
$19,575,771
Cap Rate 9%
$15,225,600
Alternative Uses
Best Use
Office B
$39.38M
$34.46M – $45.94M
NOI $2,756,520 @ 7.0% cap · market cap 65,631.43%
Second Best
Healthcare Medical
$19.58M
$17.13M – $22.84M
NOI $1,370,304 @ 7.0% cap · market cap 32,626.29%
Theoretical Best
Office A
$52.76M
$46.17M – $61.56M
NOI $3,693,451 @ 7.0% cap · market cap 87,939.31%
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
3,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Furnished workspace accommodates medical or business services, with an option for shared-office use.
Where is this office unit located?
The property is located at 21290 Biscayne # 404 Aventura, FL.
What are key features of this property?
This property features: Office unit #404; 14‑foot ceilings; Furnished, with air conditioning, electricity, and a kitchenette
