Office Unit with Private
175 SW 7 ST # 1911, Miami, FL 33130
For Sale
Contact for pricing
Configured with a lobby, kitchenette, storage room, and two private office suites.
Property Size230,000 SF
Price / SF$0.02
Days on Market58
Property Features for 175 SW 7 ST # 1911
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Amenities
lobby area
kitchenette
storage/electronics room
Building Details
Building Size
Year Built
Listing Agency:
Cervera Real Estate Inc.
Listed By:
Alexandra Goeseke · License FL #3197194
(786) 543-2288
Source:
Casacollectiongroup
Added: Sep 16
Changed: Nov 12
Last Checked: Nov 12 at 5:24PM
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 Cervera Real Estate Inc.
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Investment Insights
Based on property information with market context.
This office unit provides 1,286 usable SF arranged with a lobby, two private office suites, a kitchenette, and a storage/electronics room. Both private suites have an unobstructed south-facing view, while two parking spaces accompany the premises.
The property was built in 2007. Building services identified for the space include electricity, water, limited phone service, cable television, limited internet service, and air conditioning.
The property was built in 2007. Building services identified for the space include electricity, water, limited phone service, cable television, limited internet service, and air conditioning.
Key Highlights
- 1,286 usable SF office unit
- Two private office suites with unobstructed south view
- Lobby, kitchenette, and storage/electronics room
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
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$155.25M
$135.85M – $181.13M
NOI $10,867,604 @ 7.0% cap
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
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Configured with a lobby, kitchenette, storage room, and two private office suites.
Where is this office unit located?
The property is located at 175 SW 7 ST # 1911 Miami, FL.
What are key features of this property?
This property features: 1,286 usable SF office unit; Two private office suites with unobstructed south view; Lobby, kitchenette, and storage/electronics room
