Office Unit with Shared
For Sale
Contact for pricing
200-150 Westward Dr, Miami Springs, FL 33166
Furnished workspace includes conference, reception, lobby, and kitchen areas, with utilities and Wi-Fi included.
Property Size6,508 SF
Price / SF$0.15
Days on Market183
Property Features for 200-150 Westward Dr
General Information
Standard status
Active
Size
6,508 SF
Space & Availability
Condition
Move-in Ready
Furnished
Yes
Additional Details
Property Use
Office
Amenities
conference room
reception area
lobby
full kitchen
fenced outdoor picnic area
24/7 surveillance
Listing Agency:
Real Estate Experts
(305) 231-3131
Listed By:
Sarah Jansik · License #3404308
(786) 683-5414
Source:
Exprealty
Added: May 6
Changed: Nov 4
Last Checked: Nov 4 at 2:15PM
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 Real Estate Experts
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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 furnished office unit comes with a desk and chairs, plus access to approximately 4,000 SF of shared space. Common areas include a conference room, reception area, lobby, and full kitchen. The building also has a fenced outdoor picnic area and on-site parking.
The all-inclusive rent covers fiber-optic Wi-Fi, electricity, water and sewer, and a central alarm system; phone service is excluded. Weekly cleaning, monthly extermination, office supplies, coffee, and filtered water are provided. Security includes 24/7 surveillance through nine cameras.
The all-inclusive rent covers fiber-optic Wi-Fi, electricity, water and sewer, and a central alarm system; phone service is excluded. Weekly cleaning, monthly extermination, office supplies, coffee, and filtered water are provided. Security includes 24/7 surveillance through nine cameras.
Key Highlights
- Approximately 4,000 SF of shared common areas
- Furnished with a desk and chairs
- Shared conference room, reception area, lobby, and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,495
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,449,900
$3.4M
Cap Rate 7%
$2,464,214
$2.5M
Cap Rate 9%
$1,916,611
$1.9M
Market Conditions
NOI Build-Up for 6,508 SF
Gross rent
$296.8K $45.60/SF
− Vacancy
−$66.8K −$10.26/SF
EGI
$230.0K $35.34/SF
− OpEx
−$57.5K −$8.84/SF
NOI
$172.5K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,449,900
Cap Rate 7%
$2,464,214
Cap Rate 9%
$1,916,611
Alternative Uses
Best Use
Office B
$2.46M
$2.16M – $2.87M
NOI $172,495 @ 7.0% cap · market cap 17,968.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,125 @ 7.0% cap · market cap 24,075.52%
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
1,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Furnished workspace includes conference, reception, lobby, and kitchen areas, with utilities and Wi-Fi included.
Where is this office unit located?
The property is located at 200-150 Westward Dr Miami Springs, FL.
What are key features of this property?
This property features: Approximately 4,000 SF of shared common areas; Furnished with a desk and chairs; Shared conference room, reception area, lobby, and full kitchen
