North-Facing Office
For Sale
$749,000
Pending
20200 W Dixie Highway #1102, Miami, FL 33180
Move-in ready office suite with natural light, cubicle area, and a large conference room with teleconference capability.
Property Size1,209 SF
Days on Market77
Property Features for 20200 W Dixie Highway #1102
General Information
Standard status
Pending
Size
1,209 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,519
Building Details
Year Built
2016
Listing Agency:
WILSHIRE ADVISORY GROUP CORP
(305) 262-0246
Listed By:
GONZALO RICARDO RIOJA · License #A11770021
Source:
Corcoran
Added: Jun 10
Changed: Aug 23
Last Checked: Aug 24 at 3:41AM
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 WILSHIRE ADVISORY GROUP CORP
Investment Insights
Based on property information with market context.
This office suite offers an efficient, well-defined layout designed for everyday work flow. It includes three window offices, a large cubicle area, and a large conference room equipped with a visual teleconference system. High-end furniture improvements are included, supporting a plug-and-play setup for an immediate transition.
The space is positioned to take advantage of north/northwest views and natural light. The property is located at 20200 W Dixie Highway in suite #1102, with the suite available for sale and also offered as an option for lease.
For tenants or buyers seeking a ready-to-operate office environment, the combination of window offices, open workstations, and conference space can support team-based operations as well as client meetings. The included furnishings and immediate move-in condition reduce upfront timeline and fit-out demands, while the teleconference-ready conference room supports hybrid communication needs.
The space is positioned to take advantage of north/northwest views and natural light. The property is located at 20200 W Dixie Highway in suite #1102, with the suite available for sale and also offered as an option for lease.
For tenants or buyers seeking a ready-to-operate office environment, the combination of window offices, open workstations, and conference space can support team-based operations as well as client meetings. The included furnishings and immediate move-in condition reduce upfront timeline and fit-out demands, while the teleconference-ready conference room supports hybrid communication needs.
Key Highlights
- Office space in a building built in 2016
- North/Northwest‑facing office space with plenty of natural light
- Efficient layout with 3 window offices plus a large cubicle area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$693,660
$693.7K
Cap Rate 7%
$495,471
$495.5K
Cap Rate 9%
$385,367
$385.4K
Market Conditions
NOI Build-Up for 1,209 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.4K $45.00/SF
− Vacancy
−$8.2K −$6.75/SF
EGI
$46.2K $38.25/SF
− OpEx
−$11.6K −$9.56/SF
NOI
$34.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$693,660
Cap Rate 7%
$495,471
Cap Rate 9%
$385,367
Alternative Uses
Best Use
Office B
$495.5K
$433.5K – $578.1K
NOI $34,683 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$816.1K
$714.1K – $952.1K
NOI $57,126 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suite with natural light, cubicle area, and a large conference room with teleconference capability.
Where is this office units located?
The property is located at 20200 W Dixie Highway #1102 Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Office space in a building built in 2016; North/Northwest‑facing office space with plenty of natural light; Efficient layout with 3 window offices plus a large cubicle area
