Office Building with Open
For Sale
Contact for pricing
1500 SW 22nd St, Miami, FL 33145
Interior features private entrances, meeting space, kitchen areas, bathrooms, and dedicated storage.
Property Size2,800 SF
Price / SF$2.11
Days on Market55
Property Features for 1500 SW 22nd St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Office
Building Details
Building Size
2,800 SF
Year Built
1950
Listing Agency:
Chute Real Estate LLC
Listed By:
Sama Chute · License #3363082
(855) 560-0678
Source:
Allyandaj
Added: Aug 27
Changed: Oct 20
Last Checked: Oct 19 at 4:05PM
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 Chute Real Estate LLC
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Investment Insights
Based on property information with market context.
This office building at 1500 SW 22nd St in Miami includes an open interior arrangement with 6 oversized rooms. The layout also provides a formal conference or meeting room, a front office entrance, 2 kitchen areas, multiple bathrooms with showers, and a storage room. Double-entry access is complemented by a private side entrance serving the rear portion of the property. Parking is available on site. Built in 1950, the building offers a range of existing office-oriented improvements within a freestanding commercial setting.
Key Highlights
- Open interior layout with 6 oversized rooms
- Formal conference or meeting room
- 2 kitchen areas and multiple bathrooms with showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,325
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,500
$1.6M
Cap Rate 7%
$1,147,500
$1.1M
Cap Rate 9%
$892,500
$892.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$126.0K $45.00/SF
− Vacancy
−$18.9K −$6.75/SF
EGI
$107.1K $38.25/SF
− OpEx
−$26.8K −$9.56/SF
NOI
$80.3K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,500
Cap Rate 7%
$1,147,500
Cap Rate 9%
$892,500
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 1,361.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.21M
NOI $132,301 @ 7.0% cap · market cap 2,242.39%
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
5,650
Businesses Nearby
Explore this area
Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Interior features private entrances, meeting space, kitchen areas, bathrooms, and dedicated storage.
Where is this office building located?
The property is located at 1500 SW 22nd St Miami, FL.
What are key features of this property?
This property features: Open interior layout with 6 oversized rooms; Formal conference or meeting room; 2 kitchen areas and multiple bathrooms with showers
