Turnkey Office Space Near
For Sale
Contact for pricing
Pending
1820 SW 3rd Ave 201, Miami, FL 33129
Modern, collaborative office space ready for immediate occupancy.
Property Size8,100 SF
Days on Market188
Property Features for 1820 SW 3rd Ave 201
General Information
Standard status
Pending
Size
8,100 SF
Property subtype
Commercial
Site & Location
Neighborhood
Miami Avenue
Building Details
Building Size
8,100 SF
Year Built
1952
Stories
2
Listing Agency:
FORTUNE CHRISTIE'S INTL R.E.
Listed By:
Ricardo Du Pond · License #A11983741
(305) 588-7187
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 5:27PM
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 FORTUNE CHRISTIE'S INTL R.E.
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Investment Insights
Based on property information with market context.
This beautifully built-out turnkey office space is available for lease and is located minutes from Brickell. The space is ideal for marketing agencies, creative firms, tech startups, consulting groups, or professional services seeking a modern collaborative environment. It features an open floor plan designed to encourage teamwork and productivity, with multiple large workstations, private desks, and meeting areas already in place. High ceilings, abundant natural light, and contemporary finishes create a clean, modern workspace ready for immediate occupancy. The office is delivered fully furnished and plug-and-play, allowing a tenant to move in and start operating immediately with minimal setup costs. The location has a bike score of 79, making it very bikeable, a walk score of 51, indicating it is somewhat walkable, and a transit score of 64, suggesting good transit options.
Key Highlights
- Turnkey office space ready for immediate occupancy.
- Fully furnished and plug‑and‑play setup.
- Open floor plan designed for collaboration and productivity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,369
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,647,380
$4.6M
Cap Rate 7%
$3,319,557
$3.3M
Cap Rate 9%
$2,581,878
$2.6M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$364.5K $45.00/SF
− Vacancy
−$54.7K −$6.75/SF
EGI
$309.8K $38.25/SF
− OpEx
−$77.5K −$9.56/SF
NOI
$232.4K $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%
$4,647,380
Cap Rate 7%
$3,319,557
Cap Rate 9%
$2,581,878
Alternative Uses
Best Use
Office B
$3.32M
$2.90M – $3.87M
NOI $232,369 @ 7.0% cap · market cap 4,944.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.47M
$4.78M – $6.38M
NOI $382,729 @ 7.0% cap · market cap 8,143.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,526
Businesses Nearby
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Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Modern, collaborative office space ready for immediate occupancy.
Where is this office unit located?
The property is located at 1820 SW 3rd Ave 201 Miami, FL.
What are key features of this property?
This property features: Turnkey office space ready for immediate occupancy.; Fully furnished and plug‑and‑play setup.; Open floor plan designed for collaboration and productivity.
