Two-Story Office
14261 Commerce Way, Miami Lakes, FL 33016
For Sale
$13,750,000
A generator and diesel fuel storage support building operations during power interruptions.
Property Size39,941 SF
Lot Size1.84 Acres
Price / SF$344.61
Days on Market295
Property Features for 14261 Commerce Way
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Common, Covered, Guest, On Street
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Titan Properties
Listed By:
John Cosculluela · License FL #0451792
(786) 412-2696
Source:
Evrealestate
Added: Jan 20
Changed: Nov 9
Last Checked: Nov 10 at 8:07AM
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 Titan Properties
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Investment Insights
Based on property information with market context.
This two-story office building occupies a 1.84-acre site in Miami Lakes. Constructed in 1985, it received renovations in 2019, and the roof was replaced in 2024. Building systems include a backup generator and a 6,000-gallon diesel tank.
The property is located at 14261 Commerce Way, with access to major roadways and nearby amenities. On-site parking is also available.
The property is located at 14261 Commerce Way, with access to major roadways and nearby amenities. On-site parking is also available.
Key Highlights
- 1.84‑acre site in Miami Lakes
- Two‑story office building constructed in 1985
- Renovated in 2019; roof replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,113,425
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,268,500
$22.3M
Cap Rate 7%
$15,906,071
$15.9M
Cap Rate 9%
$12,371,389
$12.4M
Market Conditions
NOI Build-Up for 39,900 SF
Gross rent
$1.77M $44.40/SF
− Vacancy
−$287.0K −$7.19/SF
EGI
$1.48M $37.21/SF
− OpEx
−$371.1K −$9.30/SF
NOI
$1.11M $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,268,500
Cap Rate 7%
$15,906,071
Cap Rate 9%
$12,371,389
Alternative Uses
Best Use
Office B
$15.91M
$13.92M – $18.56M
NOI $1,113,425 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.79M
$19.06M – $25.42M
NOI $1,525,189 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 33016, FL
45,714
Population
16,158
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
10,884
Density / Sq Mi
$56,633
Median Household Income
$33,069
Median Earnings
$1,753
Median Rent
$295,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Miami-Dade County, FL
Properties on Market for Office buildings in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A generator and diesel fuel storage support building operations during power interruptions.
Where is this office building located?
The property is located at 14261 Commerce Way Miami Lakes, FL.
What is the asking price?
The asking price for this property is $13,750,000.
What are key features of this property?
This property features: 1.84‑acre site in Miami Lakes; Two‑story office building constructed in 1985; Renovated in 2019; roof replaced in 2024
