Class A Office Suite with
For Sale
$810,000
175 SW 7th St Unit 1600, Miami, FL 33130
Move-in ready office suite with 7 private glass-partition offices, conference room, and floor-to-ceiling windows.
Property Size1,544 SF
Price / SF$524.61
Days on Market73
Property Features for 175 SW 7th St Unit 1600
General Information
Standard status
Active
Size
1,544 SF
Class
A
Total Parking Spaces
3
Additional Details
Office Units
7
Building Details
Year Built
2007
Listing Agency:
Treasure Property Group LLC
Listed By:
Claudia Melina Herrera · License #B26050669
(786) 564-9698
Source:
Chenoregroup
Added: Jul 11
Changed: Sep 13
Last Checked: Sep 20 at 11:56AM
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 Treasure Property Group LLC
Investment Insights
Based on property information with market context.
This move-in ready office suite is located on the southwest corner of The Latitude on Brickell and offers a largest available floor plan configuration at 1,544 SF. The space features floor-to-ceiling windows with unobstructed city views and includes seven private glass-partition offices, a conference room, a reception area, a dedicated server/copy room, and a kitchenette.
The building is described as a full-service Class A property with HOA covering electricity, A/C, internet, and cable. Access is available 24 hours, with after-hours A/C service. Three assigned parking spaces are included.
The suite is offered for sale with the building’s full-service operating model intended to support day-to-day occupancy.
The building is described as a full-service Class A property with HOA covering electricity, A/C, internet, and cable. Access is available 24 hours, with after-hours A/C service. Three assigned parking spaces are included.
The suite is offered for sale with the building’s full-service operating model intended to support day-to-day occupancy.
Key Highlights
- Largest available 1,544 SF office suite on the southwest corner with floor‑to‑ceiling windows and unobstructed city views
- Move‑in ready suite with 7 private glass‑partition offices plus a conference room and reception area
- Includes dedicated server/copy room and kitchenette for daily operations
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
$44,294
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
5.47%
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%
$885,880
$885.9K
Cap Rate 7%
$632,771
$632.8K
Cap Rate 9%
$492,156
$492.2K
Market Conditions
NOI Build-Up for 1,544 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
$69.5K $45.00/SF
− Vacancy
−$10.4K −$6.75/SF
EGI
$59.1K $38.25/SF
− OpEx
−$14.8K −$9.56/SF
NOI
$44.3K $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 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%
$885,880
Cap Rate 7%
$632,771
Cap Rate 9%
$492,156
Alternative Uses
Best Use
Office B
$632.8K
$553.7K – $738.2K
NOI $44,294 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$911.9K – $1.22M
NOI $72,955 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Office units
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
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suite with 7 private glass-partition offices, conference room, and floor-to-ceiling windows.
Where is this office units located?
The property is located at 175 SW 7th St Unit 1600 Miami, FL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Largest available 1,544 SF office suite on the southwest corner with floor‑to‑ceiling windows and unobstructed city views; Move‑in ready suite with 7 private glass‑partition offices plus a conference room and reception area; Includes dedicated server/copy room and kitchenette for daily operations
