Flex Office Building with Two
For Sale
Contact for pricing
1888 NW 7th St, Miami, FL 33125
Standalone single-story office building offers two separately metered suites with private gated parking.
Property Size3,855 SF
Price / SF$2.33
Days on Market170
Property Features for 1888 NW 7th St
General Information
Standard status
Active
Size
3,855 SF
Total Parking Spaces
17
Property subtype
Mixed Use
Site & Location
Neighborhood
West Little Havana
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Office Units
2
Amenities
kitchen
private gated parking
signage visibility
Building Details
Building Size
3,855 SF
Year Built
1964
Stories
1
Listing Agency:
Compass Florida, LLC
Listed By:
Menachem Fellig · License #3291623
(305) 632-8803
Source:
Casacollectiongroup
Added: May 8
Changed: Oct 16
Last Checked: Oct 23 at 1:55PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This standalone, single-story flex office building includes two separate spaces that can be leased independently or together. The larger suite features nine private offices, a kitchen, and separate men’s and women’s restrooms. The smaller suite offers an open layout with separate restrooms, suitable for a range of professional or creative uses. The property is served by two separate entrances and has separately metered utilities.
Private, gated parking provides 17 on-site spaces, including 1 ADA space. The building also provides signage visibility along NW 7th Street.
Conveniently located near loanDepot Park, the Miami River District, Little Havana, Downtown Miami, Brickell, Miami International Airport, and River Landing, with immediate access to I-95, SR-836, and SR-395.
Private, gated parking provides 17 on-site spaces, including 1 ADA space. The building also provides signage visibility along NW 7th Street.
Conveniently located near loanDepot Park, the Miami River District, Little Havana, Downtown Miami, Brickell, Miami International Airport, and River Landing, with immediate access to I-95, SR-836, and SR-395.
Key Highlights
- 1964 standalone single‑story office building with two separately leased suites (larger and smaller).
- Larger suite: 9 private offices, kitchen, and separate men’s and women’s restrooms.
- Smaller suite: open layout with separate restrooms, suitable for sales, call center, satellite office, showroom, or creative use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,839
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,780
$1.3M
Cap Rate 7%
$911,986
$912.0K
Cap Rate 9%
$709,322
$709.3K
Market Conditions
NOI Build-Up for 3,855 SF
Gross rent
$115.7K $30.00/SF
− Vacancy
−$9.3K −$2.40/SF
EGI
$106.4K $27.60/SF
− OpEx
−$42.6K −$11.04/SF
NOI
$63.8K $16.56/SF
Area
Miami, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,780
Cap Rate 7%
$911,986
Cap Rate 9%
$709,322
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,590 @ 7.0% cap · market cap 1,229.46%
Second Best
Healthcare Medical
$912.0K
$798.0K – $1.06M
NOI $63,839 @ 7.0% cap · market cap 709.72%
Theoretical Best
Specialty Retail
$2.60M
$2.28M – $3.04M
NOI $182,150 @ 7.0% cap · market cap 2,025.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,972
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
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 - Standalone single-story office building offers two separately metered suites with private gated parking.
Where is this office unit located?
The property is located at 1888 NW 7th St Miami, FL.
What are key features of this property?
This property features: 1964 standalone single‑story office building with two separately leased suites (larger and smaller).; Larger suite: 9 private offices, kitchen, and separate men’s and women’s restrooms.; Smaller suite: open layout with separate restrooms, suitable for sales, call center, satellite office, showroom, or creative use.
