Miami Office Building For
For Sale
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1395 Coral Way, Miami, FL
Two-story, 10,848 SF office building in Miami.
Property Size10,848 SF
Lot Size0.19 Acres
Price / SF$553.10
Days on Market588
Property Features for 1395 Coral Way
General Information
Standard status
Active
Size
10,848 SF
Lot size
0.19 Acres
Property subtype
OFFICE
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Ashleen Cruz · License #3555022
(305) 794-1945
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 26
Last Checked: Oct 26 at 3:12PM
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 Fausto Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a free-standing office building with 10,848 square feet of space, located in Miami. The two-story building is suitable for various businesses and uses, including medical, office, and professional services. The property features on-site parking. It has been recently renovated with new floors, bathrooms, and lighting.
Key Highlights
- Over 10,848 Sqft Free Standing office building in the heart of Miami.
- Suitable for various businesses: Medical, office, and professional services.
- Plenty of parking spaces on site.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$311,202
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,224,040
$6.2M
Cap Rate 7%
$4,445,743
$4.4M
Cap Rate 9%
$3,457,800
$3.5M
Market Conditions
NOI Build-Up for 10,848 SF
Gross rent
$488.2K $45.00/SF
− Vacancy
−$73.2K −$6.75/SF
EGI
$414.9K $38.25/SF
− OpEx
−$103.7K −$9.56/SF
NOI
$311.2K $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%
$6,224,040
Cap Rate 7%
$4,445,743
Cap Rate 9%
$3,457,800
Alternative Uses
Best Use
Office B
$4.45M
$3.89M – $5.19M
NOI $311,202 @ 7.0% cap · market cap 5.19%
Second Best
Healthcare Medical
$2.57M
$2.25M – $2.99M
NOI $179,643 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$7.32M
$6.41M – $8.54M
NOI $512,573 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 10,848 SF office building in Miami.
Where is this office building located?
The property is located at 1395 Coral Way Miami, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Over 10,848 Sqft Free Standing office building in the heart of Miami.; Suitable for various businesses: Medical, office, and professional services.; Plenty of parking spaces on site.
