Furnished Office
For Sale
Contact for pricing
150 Westward Dr # 5, Miami Springs, FL 33166
Occupants can use shared conference, reception, lobby, and kitchen areas alongside a furnished workspace.
Property Size6,508 SF
Price / SF$0.15
Days on Market183
Property Features for 150 Westward Dr # 5
General Information
Standard status
Active
Size
6,508 SF
Property subtype
Office
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Additional Details
Property Use
Office
Amenities
conference room
reception area
lobby
full kitchen
fiber optic WiFi
central alarm system
fenced outdoor picnic area
24/7 surveillance
Building Details
Building Size
6,508 SF
Year Built
1951
Listing Agency:
Real Estate Experts
Listed By:
Sarah Jansik · License #3404308
(786) 683-5414
Source:
Emporiore
Added: Apr 29
Changed: Oct 27
Last Checked: Oct 27 at 3:41AM
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 Real Estate Experts
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Investment Insights
Based on property information with market context.
This office suite is furnished with a desk and chairs. Shared building facilities include approximately 4,000 SF of common space, with a conference room, reception area, lobby, and full kitchen. The building also has a fenced outdoor picnic area and on-site parking.
Included services comprise fiber-optic Wi-Fi, electricity, water and sewer, a central alarm system, weekly cleaning, and monthly extermination. Restroom supplies, coffee, and filtered water are provided; phone service is excluded. Building security includes 24/7 surveillance through 9 cameras.
Included services comprise fiber-optic Wi-Fi, electricity, water and sewer, a central alarm system, weekly cleaning, and monthly extermination. Restroom supplies, coffee, and filtered water are provided; phone service is excluded. Building security includes 24/7 surveillance through 9 cameras.
Key Highlights
- Furnished office suite includes a desk and chairs
- Access to approximately 4,000 SF of shared space, including conference, reception, lobby, and kitchen areas
- Fiber‑optic Wi‑Fi, electricity, water/sewer, and central alarm system included; phone service excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,495
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,449,900
$3.4M
Cap Rate 7%
$2,464,214
$2.5M
Cap Rate 9%
$1,916,611
$1.9M
Market Conditions
NOI Build-Up for 6,508 SF
Gross rent
$296.8K $45.60/SF
− Vacancy
−$66.8K −$10.26/SF
EGI
$230.0K $35.34/SF
− OpEx
−$57.5K −$8.84/SF
NOI
$172.5K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,449,900
Cap Rate 7%
$2,464,214
Cap Rate 9%
$1,916,611
Alternative Uses
Best Use
Office B
$2.46M
$2.16M – $2.87M
NOI $172,495 @ 7.0% cap · market cap 17,249.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,125 @ 7.0% cap · market cap 23,112.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
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Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Occupants can use shared conference, reception, lobby, and kitchen areas alongside a furnished workspace.
Where is this office unit located?
The property is located at 150 Westward Dr # 5 Miami Springs, FL.
What are key features of this property?
This property features: Furnished office suite includes a desk and chairs; Access to approximately 4,000 SF of shared space, including conference, reception, lobby, and kitchen areas; Fiber‑optic Wi‑Fi, electricity, water/sewer, and central alarm system included; phone service excluded
