Furnished Waterfront Office
New
For Sale
$360,000
175 SW 7th St 1614, Miami, FL 33130
Fully built-out office unit with private rooms, reception space, assigned parking, and access to valet service.
Property Size609 SF
Price / SF$591.13
Days on Market4
Property Features for 175 SW 7th St 1614
General Information
Standard status
Active
Size
609 SF
Total Parking Spaces
1
Property subtype
Commercial
Space & Availability
Floor
13
Furnished
Yes
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
valet service
water views
Building Details
Building Size
609 SF
Year Built
2007
Listing Agency:
Douglas Elliman
(305) 793-5631
Listed By:
Tatiana (Tati) Bijani · License #A12015329
(305) 793-5631
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 7:08AM
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 Douglas Elliman
Investment Insights
Based on property information with market context.
This 609 SF office unit at Latitude One is furnished and fully built out for professional use. The layout includes three private offices and a reception area, with water views and one assigned parking space. Valet service is available for clients, and the building was completed in 2007.
The property is positioned in Brickell's financial district, within walking distance of Brickell City Centre, Metrorail, and restaurants. Major highways are also accessible. WalkScore is 96, TransitScore is 99, and BikeScore is 77, providing strong access by foot, transit, and bicycle.
The property is positioned in Brickell's financial district, within walking distance of Brickell City Centre, Metrorail, and restaurants. Major highways are also accessible. WalkScore is 96, TransitScore is 99, and BikeScore is 77, providing strong access by foot, transit, and bicycle.
Key Highlights
- 609 SF furnished office unit at Latitude One
- Three private offices plus a reception area
- Water views from the office suite
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
$17,471
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
4.85%
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%
$349,420
$349.4K
Cap Rate 7%
$249,586
$249.6K
Cap Rate 9%
$194,122
$194.1K
Market Conditions
NOI Build-Up for 609 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
$27.4K $45.00/SF
− Vacancy
−$4.1K −$6.75/SF
EGI
$23.3K $38.25/SF
− OpEx
−$5.8K −$9.56/SF
NOI
$17.5K $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 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%
$349,420
Cap Rate 7%
$249,586
Cap Rate 9%
$194,122
Alternative Uses
Best Use
Office B
$249.6K
$218.4K – $291.2K
NOI $17,471 @ 7.0% cap · market cap 4.85%
Second Best
Healthcare Medical
$144.1K
$126.1K – $168.1K
NOI $10,085 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$411.1K
$359.7K – $479.6K
NOI $28,776 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19,526
Businesses Nearby
Explore this area
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
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 - Fully built-out office unit with private rooms, reception space, assigned parking, and access to valet service.
Where is this office units located?
The property is located at 175 SW 7th St 1614 Miami, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 609 SF furnished office unit at Latitude One; Three private offices plus a reception area; Water views from the office suite
