Multi-Suite Office
For Sale
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4995 NW 72nd Ave # 307, Miami, FL 33166
Available suite sizes offer businesses a choice of office configurations within one property.
Property Size42,000 SF
Price / SF$0.00
Days on Market1337
Property Features for 4995 NW 72nd Ave # 307
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Office
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$85,694
Building Details
Building Size
42,000 SF
Year Built
1985
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Mar 1, 2023
Changed: Oct 27
Last Checked: Oct 27 at 3:50AM
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 Emporio Real Estate
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Investment Insights
Based on property information with market context.
Built in 1985, this 42,000-square-foot office property has suites available from 500 to 1,500 square feet. The building is described as well maintained and provides parking for occupants and visitors.
The property faces NW 72nd Avenue in Miami. Its range of available suite sizes supports several office space requirements within the same building.
The property faces NW 72nd Avenue in Miami. Its range of available suite sizes supports several office space requirements within the same building.
Key Highlights
- Office spaces range from 500 to 1,500 square feet
- 42,000‑square‑foot property built in 1985
- Faces NW 72nd Avenue in Miami
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,204,875
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,097,500
$24.1M
Cap Rate 7%
$17,212,500
$17.2M
Cap Rate 9%
$13,387,500
$13.4M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$1.89M $45.00/SF
− Vacancy
−$283.5K −$6.75/SF
EGI
$1.61M $38.25/SF
− OpEx
−$401.6K −$9.56/SF
NOI
$1.20M $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 Rate 5%
$24,097,500
Cap Rate 7%
$17,212,500
Cap Rate 9%
$13,387,500
Alternative Uses
Best Use
Office B
$17.21M
$15.06M – $20.08M
NOI $1,204,875 @ 7.0% cap · market cap 5,238,586.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$28.35M
$24.81M – $33.08M
NOI $1,984,519 @ 7.0% cap · market cap 8,628,343.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
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Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Available suite sizes offer businesses a choice of office configurations within one property.
Where is this office unit located?
The property is located at 4995 NW 72nd Ave # 307 Miami, FL.
What are key features of this property?
This property features: Office spaces range from 500 to 1,500 square feet; 42,000‑square‑foot property built in 1985; Faces NW 72nd Avenue in Miami
