Two-Story Office Building
For Sale
Contact for pricing
14000 SW 119th Ave, Miami, FL 33186
Deerwood Office Building offers an available 11,700 sq. ft. first-floor office space, with Enterprise on the second floor.
Property Size11,700 SF
Price / SF$538.46
Days on Market70
Property Features for 14000 SW 119th Ave
General Information
Standard status
Active
Size
11,700 SF
Property subtype
OFFICE
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Stories
2
Tenancy
Multi
Properties For Sale
at 14000 SW 119th Ave Contact us- Floor
- 1
- Size
- 11,700 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
14000 SW 119th Ave
- The Deerwood Office Building is now listed for lease for $20.00 per sq. ft. NNN...
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Contact us
Listing Agency:
ComReal Miami - Coral Gables
(305) 458-0800
Listed By:
Patricia Quintana, CCIM · License #0480499
(305) 815-3376
Source:
Moodyscre
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 5 at 1:35PM
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 ComReal Miami - Coral Gables
Investment Insights
Based on property information with market context.
The Deerwood Office Building is a 25,000-square-foot office property in the Deerwood Business Park. Enterprise Rent-A-Car occupies the second floor, and an 11,700-square-foot first-floor office area is available for lease. The building is positioned as an office facility suitable for tenants seeking a first-floor configuration.
The property is located at 14000 SW 119th Ave in Miami, Florida, within a corporate park setting in South Miami-Dade, just off the Florida Turnpike.
For those evaluating ownership, the current layout supports a landlord/investor model with existing occupancy on the upper level and available space on the first floor.
The property is located at 14000 SW 119th Ave in Miami, Florida, within a corporate park setting in South Miami-Dade, just off the Florida Turnpike.
For those evaluating ownership, the current layout supports a landlord/investor model with existing occupancy on the upper level and available space on the first floor.
Key Highlights
- 11,700 sq. ft. first‑floor office space available for lease at 14000 SW 119 Avenue in Deerwood Business Park, Miami, FL
- 25,000 sq. ft. office building offered for lease at $20.00 per sq. ft. NNN or for sale at $6,300,000
- Enterprise Rent‑A‑Car occupies the 2nd floor; 1st floor is available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$373,236
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,464,720
$7.5M
Cap Rate 7%
$5,331,943
$5.3M
Cap Rate 9%
$4,147,067
$4.1M
Market Conditions
NOI Build-Up for 11,700 SF
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.
Gross rent
$585.5K $50.04/SF
− Vacancy
−$87.8K −$7.51/SF
EGI
$497.6K $42.53/SF
− OpEx
−$124.4K −$10.63/SF
NOI
$373.2K $31.90/SF
Area
ZIP 33186
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,464,720
Cap Rate 7%
$5,331,943
Cap Rate 9%
$4,147,067
Alternative Uses
Best Use
Office B
$5.33M
$4.67M – $6.22M
NOI $373,236 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.39M
$5.59M – $7.45M
NOI $447,236 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 33186, FL
69,866
Population
24,397
Households
2.9
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
5,634
Density / Sq Mi
$86,481
Median Household Income
$46,755
Median Earnings
$2,021
Median Rent
$422,300
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 - Deerwood Office Building offers an available 11,700 sq. ft. first-floor office space, with Enterprise on the second floor.
Where is this office building located?
The property is located at 14000 SW 119th Ave Miami, FL.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 11,700 sq. ft. first‑floor office space available for lease at 14000 SW 119 Avenue in Deerwood Business Park, Miami, FL; 25,000 sq. ft. office building offered for lease at $20.00 per sq. ft. NNN or for sale at $6,300,000; Enterprise Rent‑A‑Car occupies the 2nd floor; 1st floor is available for lease
