Boutique Office Suite with
For Sale
Contact for pricing
175 SW 7th St 2102, Miami, FL 33130
Immaculate small office suite with an open area, private office, and an assigned parking space.
Property Size230,000 SF
Price / SF$0.01
Days on Market99
Property Features for 175 SW 7th St 2102
General Information
Standard status
Active
Size
230,000 SF
Site & Location
Neighborhood
West Brickell
Building Details
Year Built
2007
Listing Agency:
Peabody Real Estate, LLC
Listed By:
Liza Him · License #A12064505
(786) 271-5519
Source:
Mymiahomes
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 26 at 5:30PM
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 Peabody Real Estate, LLC
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Investment Insights
Based on property information with market context.
This small office suite is in impeccable condition within a boutique office building. The interior layout includes an open work area plus a private office, providing flexibility for day-to-day use.
The suite includes electricity, telephone, and internet service, and comes with an assigned parking space. The offering is presented for sale.
The space is designed for office use and is offered as a standalone suite within a smaller building environment.
The suite includes electricity, telephone, and internet service, and comes with an assigned parking space. The offering is presented for sale.
The space is designed for office use and is offered as a standalone suite within a smaller building environment.
Key Highlights
- Small office suite in a boutique office building built in 2007
- Suite layout includes an open area plus a private office
- Utilities and services included: electricity, telephone, and internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,598,125
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,962,500
$132.0M
Cap Rate 7%
$94,258,929
$94.3M
Cap Rate 9%
$73,312,500
$73.3M
Market Conditions
NOI Build-Up for 230,000 SF
Gross rent
$10.35M $45.00/SF
− Vacancy
−$1.55M −$6.75/SF
EGI
$8.80M $38.25/SF
− OpEx
−$2.20M −$9.56/SF
NOI
$6.60M $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%
$131,962,500
Cap Rate 7%
$94,258,929
Cap Rate 9%
$73,312,500
Alternative Uses
Best Use
Office B
$94.26M
$82.48M – $109.97M
NOI $6,598,125 @ 7.0% cap · market cap 329,906.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$155.25M
$135.85M – $181.13M
NOI $10,867,604 @ 7.0% cap · market cap 543,380.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
19,526
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Immaculate small office suite with an open area, private office, and an assigned parking space.
Where is this office unit located?
The property is located at 175 SW 7th St 2102 Miami, FL.
What are key features of this property?
This property features: Small office suite in a boutique office building built in 2007; Suite layout includes an open area plus a private office; Utilities and services included: electricity, telephone, and internet
