150 SE 2Nd Ave Miami, FL 33131
New
For Sale
$385,000
Office condo in the Chase Bank Building with open workspace and a private office for professional use in Downtown Miami.
Property Size1,000 SF
Lot Size0.57 Acres
Price / SF$385
Days on Market1
Property Features for 150 SE 2Nd Ave
General Information
- Standard status
- Active
- Property type
- Office Units, Office Spaces
- Size
- 1,000 SF
- Net Rentable
- 844 SF
- Class
- B
- Lot size
- 0.57 Acres
Building Details
- Year Built
- 1967
- Units
- 2
Listing Agency:
(954) 646-3222
Listed By:
Heriberto
(954) 646-3222
Added: Jul 24
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $45.00 |
| − Vacancy | −$6.8k | −$6.75 |
| EGI | $38.3k | $38.25 |
| − OpEx | −$9.6k | −$9.56 |
| NOI | $28.7k | $28.69 |
1,000 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$409.8K
$358.6K – $478.1K
NOI $28,688 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chase Mortgage
Loan Service
ABOGADOS COLOMBIA - Usa ...
Law Firm
Marili Cancio Johnson ...
Law Firm
I'm Fil Inc.
Big Box & Wholesale Store
Sapro Systems LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Office condo in the Chase Bank Building with open workspace and a private office for professional use in Downtown Miami.
Where is this office units located?
The property is located at 150 SE 2Nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $385,000.
