Leased Office Space with Valet
For Sale
Contact for pricing
150 SE 2nd Ave, Miami, FL 33131
Office space with covered valet garage parking and a lease in place through July 31, 2027.
Property Size2,748 SF
Price / SF$454.88
Days on Market580
Property Features for 150 SE 2nd Ave
General Information
Standard status
Active
Size
2,748 SF
Property subtype
OFFICE
Listing Agency:
Rise Realty
(305) 720-7925
Listed By:
Keith Alan Darby · License #3085829
(305) 720-7925
Source:
Moodyscre
Added: Dec 31, 2024
Changed: Jul 26
Last Checked: Jul 28 at 2:33PM
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 Rise Realty
Investment Insights
Based on property information with market context.
This for-sale office space is currently generating gross income of $10,700 per month ($128,400 per year). The existing lease runs through July 31, 2027, with annual increases of 5%.
Operating expenses are provided as CAM, with an annual amount of $28,678.92 and a rate of $10.44 per square foot. The offering includes two covered valet garage spaces.
The property totals 2,748 square feet and is located at 150 SE 2nd Ave, Miami, FL 33131.
Operating expenses are provided as CAM, with an annual amount of $28,678.92 and a rate of $10.44 per square foot. The offering includes two covered valet garage spaces.
The property totals 2,748 square feet and is located at 150 SE 2nd Ave, Miami, FL 33131.
Key Highlights
- Office space currently generating $10,700/month ($128,400/year) gross income
- Lease in place through July 31, 2027
- Annual rent increases of 5%
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 | $123.7k | $45.00 |
| − Vacancy | −$18.5k | −$6.75 |
| EGI | $105.1k | $38.25 |
| − OpEx | −$26.3k | −$9.56 |
| NOI | $78.8k | $28.69 |
2,748 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$985.4K – $1.31M
NOI $78,833 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,844 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 33131, FL
26,213
Population
18,872
Households
1.4
Avg Household Size
37
Median Age
77%
College-Educated
98%
High-School Grad
0.5 sq mi
ZIP Area
52,426
Density / Sq Mi
$143,114
Median Household Income
$86,331
Median Earnings
$2,847
Median Rent
$621,700
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 - Office space with covered valet garage parking and a lease in place through July 31, 2027.
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 $1,250,000.
What are key features of this property?
This property features: Office space currently generating $10,700/month ($128,400/year) gross income; Lease in place through July 31, 2027; Annual rent increases of 5%
