Commercial Office with Private
For Sale
Contact for pricing
151 SE 15th Rd, Miami, FL
Ground floor office with private entrance, parking, and amenities.
Property Size1,353 SF
Lot Size0.90 Acres
Price / SF$849.22
Days on Market1204
Property Features for 151 SE 15th Rd
General Information
Standard status
Active
Size
1,353 SF
Lot size
0.90 Acres
Property subtype
OFFICE
Properties For Sale
at 151 SE 15th Rd Contact us- Floor
- 1
- Size
- 1,353 SF
- Type
- OFFICE
- Lease Type
- PLUS_UTILITIES_AND_JANITORIAL
- Availability
- AVAILABLE, Now
- Sublease
- No
151 SE 15th Rd
- Ground floor access with private entrance and lobby entrance
- Glass windows throughout,...
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Listing Agency:
Kaizen Realty Partners, LLC
(305) 500-5554
Listed By:
Robert Meneses · License #A12050642
(305) 491-1227
Source:
Moodyscre
Added: May 25, 2023
Changed: Sep 3
Last Checked: Sep 8 at 10:41AM
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 Kaizen Realty Partners, LLC
Investment Insights
Based on property information with market context.
This commercial ground floor office space features a private entrance and lobby. The interior includes windows throughout, and is finished with furniture, networking, and televisions. Custom features include server racks and wood trimming. The layout comprises two private offices, a kitchenette, and a private bathroom. Climate control is self-controlled HVAC, with a separate climate control system for the server room. The property includes six gated, private, assigned parking spaces, one of which has an electric car charger. City street parking is also available. Building amenities include access to a pool, gym, and barbecue area. Private security and a concierge are on site. The property size is 1353 square feet and is located at 151 SE 15th Rd, Miami, FL.
Key Highlights
- 6 private assigned parking spaces including electric car charger
- Commercial ground floor office with private entrance and lobby
- Private security and concierge on site
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
$44,143
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
3.84%
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%
$882,860
$882.9K
Cap Rate 7%
$630,614
$630.6K
Cap Rate 9%
$490,478
$490.5K
Market Conditions
NOI Build-Up for 1,353 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
$70.3K $51.96/SF
− Vacancy
−$7.2K −$5.35/SF
EGI
$63.1K $46.61/SF
− OpEx
−$18.9K −$13.98/SF
NOI
$44.1K $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%
$882,860
Cap Rate 7%
$630,614
Cap Rate 9%
$490,478
Alternative Uses
Best Use
Retail
$630.6K
$551.8K – $735.7K
NOI $44,143 @ 7.0% cap · market cap 3.84%
Second Best
Office B
$554.5K
$485.2K – $646.9K
NOI $38,814 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$913.3K
$799.1K – $1.07M
NOI $63,930 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,080
Businesses Nearby
Explore this area
Business Placement
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 - Ground floor office with private entrance, parking, and amenities.
Where is this office units located?
The property is located at 151 SE 15th Rd Miami, FL.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 6 private assigned parking spaces including electric car charger; Commercial ground floor office with private entrance and lobby; Private security and concierge on site
