Furnished Waterfront Office
New
For Sale
$360,000
175 SW 7th St, Miami, FL 33130
SINGLE_FAMILY - Miami, FL
Property Size609 SF
Lot Size0.01 Acres
Price / SF$591.13
Days on Market7
Property Features for 175 SW 7th St
General Information
Property type
Residential
Property subtype
Office
Zoning description
6600
Parking
1
Parking features
Assigned, Valet, Covered, Secured
Subdivision
41
Standard status
Active
APN
01-41-38-127-0840
Lot size
0.01 Acres
Taxes and HOA fees
Tax Description
LATITUDE ONE WEST BRICKELL OFFICE CONDO UNIT 1614 UNDIV 0.3074% INT IN COMMON ELEMENTS OFF REC 25846-3332 COC 26249-0527 02 2008 1
Legal Description
LATITUDE ONE WEST BRICKELL OFFICE CONDO UNIT 1614 UNDIV 0.3074% INT IN COMMON ELEMENTS OFF REC 25846-3332 COC 26249-0527 02 2008 1
Utilities
Heating system
Central, Electric (Heating)
Amenities
valet service
Building Details
Year built
2007
Flooring type
Parquet Wood, Carpet
Listing Agency:
Douglas Elliman
(305) 695-6060
Listed By:
Tatiana Bijani · License #3242019
(305) 793-5631
Added: Aug 7
Last Checked: Aug 13 at 12:06AM
MLS# A12066497
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 609 SF office unit occupies the 13th floor of Latitude One and is configured with three private offices and a reception area. The suite is furnished and includes parquet wood and carpet flooring, providing an immediately usable professional setting. One assigned parking space is included, with covered, secured, and valet parking features available.
The property is positioned in Brickell’s financial district, within walking distance of Brickell City Centre, Metrorail, restaurants, and major highways. Latitude One was built in 2007, and the suite’s water views add a distinctive element to its office environment. The layout is suited to professional, legal, financial, medical, consulting, and international business operations, as identified in the property information.
The property is positioned in Brickell’s financial district, within walking distance of Brickell City Centre, Metrorail, restaurants, and major highways. Latitude One was built in 2007, and the suite’s water views add a distinctive element to its office environment. The layout is suited to professional, legal, financial, medical, consulting, and international business operations, as identified in the property information.
Key Highlights
- 609 SF office suite on the 13th floor of Latitude One
- Three private offices plus a reception area
- Furnished interior with parquet wood and carpet flooring
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
—
—
no second resolved use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready professional suite with private offices, reception space, water views, and secured parking access.
Where is this office units located?
The property is located at 175 SW 7th St 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 office suite on the 13th floor of Latitude One; Three private offices plus a reception area; Furnished interior with parquet wood and carpet flooring
