Class A Office and Retail
For Sale
$2,295,000
143-8390 Sw 72nd Ave, Miami, FL 33144
Class A office and retail space with arcade entrance and 60 feet of frontage along SW 72nd Avenue.
Property Size2,659 SF
Price / SF$863.11
Days on Market52
Property Features for 143-8390 Sw 72nd Ave
General Information
Standard status
Active
Size
2,659 SF
Class
A
Total Parking Spaces
9
Taxes and HOA fees
Annual Taxes
$11,582
Amenities
24-hour security
lobby concierge
gym
pool
multipurpose room
conference room
Listing Agency:
BHHS EWM Realty
(305) 960-2400
Listed By:
Linda Guaida · License #3450525
(305) 793-1572
Source:
Exprealty
Added: Jul 17
Changed: Aug 31
Last Checked: Sep 6 at 10:43AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This Class A office and retail property at the Colonnade features an arcade entrance and an open-concept first floor with 12-foot drop ceilings, a kitchen, and a bathroom. A mezzanine level with 9-foot drop ceilings provides direct access to a fully equipped multipurpose conference and event room with its own kitchen and bathrooms. The property also includes 9 deeded garage parking spaces and 17 visitor spaces.
The building offers premium amenities including 24-hour security, a lobby concierge, and access to a gym, pool, and multipurpose room. The location is in downtown Dadeland, with convenient access to the Metrorail and Dadeland Mall, as well as Miami International Airport and major thoroughfares.
The seller has indicated owner financing availability and is open to additional flexibility, including the possibility of selling a townhouse in the same building and considering structures such as lease-with-option-to-buy or lease-to-own.
The building offers premium amenities including 24-hour security, a lobby concierge, and access to a gym, pool, and multipurpose room. The location is in downtown Dadeland, with convenient access to the Metrorail and Dadeland Mall, as well as Miami International Airport and major thoroughfares.
The seller has indicated owner financing availability and is open to additional flexibility, including the possibility of selling a townhouse in the same building and considering structures such as lease-with-option-to-buy or lease-to-own.
Key Highlights
- 2,659 SF Class A office and retail space with arcade entrance off SW 72nd Avenue
- 60 feet of frontage along SW 72nd Avenue
- Open‑concept first floor with 12‑foot drop ceilings plus kitchen and bathroom
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
$86,752
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
3.78%
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%
$1,735,040
$1.7M
Cap Rate 7%
$1,239,314
$1.2M
Cap Rate 9%
$963,911
$963.9K
Market Conditions
NOI Build-Up for 2,659 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
$138.2K $51.96/SF
− Vacancy
−$14.2K −$5.35/SF
EGI
$123.9K $46.61/SF
− OpEx
−$37.2K −$13.98/SF
NOI
$86.8K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,735,040
Cap Rate 7%
$1,239,314
Cap Rate 9%
$963,911
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,752 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$1.09M
$953.5K – $1.27M
NOI $76,280 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,639 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
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 - Class A office and retail space with arcade entrance and 60 feet of frontage along SW 72nd Avenue.
Where is this office units located?
The property is located at 143-8390 Sw 72nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 2,659 SF Class A office and retail space with arcade entrance off SW 72nd Avenue; 60 feet of frontage along SW 72nd Avenue; Open‑concept first floor with 12‑foot drop ceilings plus kitchen and bathroom
