Executive Office Suite in Two-Story
For Sale
Contact for pricing
18191 NW 68th Avenue #226, Miami, FL 33015
Executive office in a two-story building with 24/7 access and secured entry via video monitoring and code system.
Property Size24,975 SF
Price / SF$0.05
Days on Market98
Property Features for 18191 NW 68th Avenue #226
General Information
Standard status
Active
Size
24,975 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1979
Stories
2
Listing Agency:
IL Mare Properties, LLC.
Listed By:
Anadalys De Armas · License #3096980
(305) 510-9841
Source:
Lehmannflorida
Added: Jul 15
Changed: Oct 19
Last Checked: Oct 19 at 10:18AM
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 IL Mare Properties, LLC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This executive office is located in a two-story building with 24/7 access. Security is provided through video monitoring and a code-entry system, supporting controlled access for occupants and visitors. The lease includes utilities (water and electricity), which can simplify monthly operating expenses.
The property is just minutes from the NW 186th Street exit on I-75 and about half a mile north of the NW 67th Avenue exit on the Palmetto Expressway. The surrounding area is described as experiencing no traffic congestion.
For tenants or buyers prioritizing secured, around-the-clock access in an office setting, this suite provides a straightforward option within a compact, two-story executive building environment.
The property is just minutes from the NW 186th Street exit on I-75 and about half a mile north of the NW 67th Avenue exit on the Palmetto Expressway. The surrounding area is described as experiencing no traffic congestion.
For tenants or buyers prioritizing secured, around-the-clock access in an office setting, this suite provides a straightforward option within a compact, two-story executive building environment.
Key Highlights
- Executive office in a two‑story building built in 1979
- 24/7 access with secured entry via video monitoring and code‑entry system
- Lease includes utilities: water and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$716,470
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,329,400
$14.3M
Cap Rate 7%
$10,235,286
$10.2M
Cap Rate 9%
$7,960,778
$8.0M
Market Conditions
NOI Build-Up for 24,975 SF
Gross rent
$1.12M $45.00/SF
− Vacancy
−$168.6K −$6.75/SF
EGI
$955.3K $38.25/SF
− OpEx
−$238.8K −$9.56/SF
NOI
$716.5K $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 Rate 5%
$14,329,400
Cap Rate 7%
$10,235,286
Cap Rate 9%
$7,960,778
Alternative Uses
Best Use
Office B
$10.24M
$8.96M – $11.94M
NOI $716,470 @ 7.0% cap · market cap 57,317.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.86M
$14.75M – $19.67M
NOI $1,180,080 @ 7.0% cap · market cap 94,406.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 33015, FL
65,645
Population
23,963
Households
2.7
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
5.9 sq mi
ZIP Area
11,126
Density / Sq Mi
$73,609
Median Household Income
$37,274
Median Earnings
$1,841
Median Rent
$384,000
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Executive office in a two-story building with 24/7 access and secured entry via video monitoring and code system.
Where is this office building located?
The property is located at 18191 NW 68th Avenue #226 Miami, FL.
What are key features of this property?
This property features: Executive office in a two‑story building built in 1979; 24/7 access with secured entry via video monitoring and code‑entry system; Lease includes utilities: water and electricity
