Two-Room Office
19553 NW 2nd Avenue #218, Miami Gardens, FL 33169
For Sale
Contact for pricing
A private executive office and reception area are configured within this second-floor workspace.
Property Size24,000 SF
Price / SF$0.04
Days on Market8
Property Features for 19553 NW 2nd Avenue #218
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
Jaime Esquenazi · License #3212780
(305) 796-6743
Source:
Lehmannflorida
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 4:14PM
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 The Keyes Company
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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 230-square-foot office suite is on the second floor of Caribbean Shops at 19553 NW 2nd Avenue, #218, in Miami Gardens. Its two-room plan pairs a reception and waiting area with a separate executive office. The commercial center was built in 1956.
The full-service gross lease includes electricity, water, central air conditioning, and regular cleaning of exterior and common areas. On-site parking serves tenants and visitors. The property fronts the US-441/SR-7 corridor, with access to the Palmetto Expressway (SR 826), I-95, and the Florida Turnpike. Retail, banking, and dining options are nearby, as are Hard Rock Stadium and the Calder entertainment district.
The full-service gross lease includes electricity, water, central air conditioning, and regular cleaning of exterior and common areas. On-site parking serves tenants and visitors. The property fronts the US-441/SR-7 corridor, with access to the Palmetto Expressway (SR 826), I-95, and the Florida Turnpike. Retail, banking, and dining options are nearby, as are Hard Rock Stadium and the Calder entertainment district.
Key Highlights
- 230‑square‑foot office suite
- Two‑room layout with reception/waiting area and private executive office
- Second‑floor suite at Caribbean Shops, 19553 NW 2nd Avenue, #218
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$364,090
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,281,800
$7.3M
Cap Rate 7%
$5,201,286
$5.2M
Cap Rate 9%
$4,045,444
$4.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$619.2K $25.80/SF
− Vacancy
−$133.7K −$5.57/SF
EGI
$485.5K $20.23/SF
− OpEx
−$121.4K −$5.06/SF
NOI
$364.1K $15.17/SF
Area
Miami Gardens, FL
Vacancy
21.60%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,281,800
Cap Rate 7%
$5,201,286
Cap Rate 9%
$4,045,444
Alternative Uses
Best Use
Office B
$5.20M
$4.55M – $6.07M
NOI $364,090 @ 7.0% cap · market cap 42,834.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.15M
$6.25M – $8.34M
NOI $500,159 @ 7.0% cap · market cap 58,842.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami-Dade County, FL
Properties on Market for Office Units in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private executive office and reception area are configured within this second-floor workspace.
Where is this office unit located?
The property is located at 19553 NW 2nd Avenue #218 Miami Gardens, FL.
What are key features of this property?
This property features: 230‑square‑foot office suite; Two‑room layout with reception/waiting area and private executive office; Second‑floor suite at Caribbean Shops, 19553 NW 2nd Avenue, #218
