Second-Floor Office
For Sale
$8,750,000
13XXX SW 42 ST, Miami, FL 33175
The offering covers an entire floor in a professional building, with potential for medical or other professional business use.
Property Size18,000 SF
Price / SF$486.11
Days on Market8
Property Features for 13XXX SW 42 ST
General Information
Standard status
Active
Size
18,000 SF
Class
A1
Total Parking Spaces
40
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Building Details
Building Size
18,000 SF
Listing Agency:
First Service Realty ERA
Listed By:
Alejandro Clemente · License #0485256
(305) 551-9400
Source:
Silverleafrealtygroup
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 11:35PM
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 First Service Realty ERA
Investment Insights
Based on property information with market context.
This office offering comprises the building’s entire second floor, with more than 18,000 square feet across a package of 10 folio numbers. The space is within an A1-class professional building and is identified as suitable for medical or other professional business use.
The sale includes more than 40 parking spaces. The property is described as centrally located near hospitals, schools and highways.
The sale includes more than 40 parking spaces. The property is described as centrally located near hospitals, schools and highways.
Key Highlights
- More than 18,000 square feet across the entire second floor
- Package includes 10 folio numbers
- More than 40 parking spaces included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$425,250
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,505,000
$8.5M
Cap Rate 7%
$6,075,000
$6.1M
Cap Rate 9%
$4,725,000
$4.7M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$756.0K $42.00/SF
− Vacancy
−$189.0K −$10.50/SF
EGI
$567.0K $31.50/SF
− OpEx
−$141.8K −$7.88/SF
NOI
$425.3K $23.63/SF
Area
ZIP 33175
Vacancy
25.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,505,000
Cap Rate 7%
$6,075,000
Cap Rate 9%
$4,725,000
Alternative Uses
Best Use
Office B
$6.07M
$5.32M – $7.09M
NOI $425,250 @ 7.0% cap · market cap 4.86%
Second Best
Healthcare Medical
$3.48M
$3.05M – $4.06M
NOI $243,648 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$9.13M
$7.99M – $10.65M
NOI $639,251 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 33175, FL
52,950
Population
17,787
Households
3
Avg Household Size
47
Median Age
31%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
6,703
Density / Sq Mi
$79,711
Median Household Income
$40,159
Median Earnings
$1,943
Median Rent
$456,600
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 - The offering covers an entire floor in a professional building, with potential for medical or other professional business use.
Where is this office units located?
The property is located at 13XXX SW 42 ST Miami, FL.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: More than 18,000 square feet across the entire second floor; Package includes 10 folio numbers; More than 40 parking spaces included in the sale
