Office Condo with Private
New
For Sale
$490,000
20200 W Dixie Hwy #1201, Miami, FL 33180
Two private offices and an open reception area create a practical layout for professional occupants.
Property Size855 SF
Price / SF$573.10
Days on Market7
Property Features for 20200 W Dixie Hwy #1201
General Information
Standard status
Active
Size
855 SF
Class
Class A
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
12
Office Units
1
Taxes and HOA fees
Annual Taxes
$7,817
Amenities
contemporary lobby
controlled access
concierge
on-site management
24-hour access
conference facilities
sixth-floor terrace
Central air
Central Air Cooling
Central Heating
Building Details
Year Built
2016
Listing Agency:
INTERINVESTMENTS REALTY, INC.
Listed By:
EMILIANO FERNANDEZ · License #A12090670
(954) 512-4501
Source:
Corcoran
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 7:10AM
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 INTERINVESTMENTS REALTY, INC.
Investment Insights
Based on property information with market context.
This 855 SF Class A office condo occupies the 12th floor of Beacon Tower Aventura. The suite includes two private offices, a reception area with open workspace, ceramic tile flooring, a marble-finished counter with an under-counter refrigerator, and expansive windows. The building was completed in 2016 and features a contemporary lobby, controlled access, concierge service, on-site management, 24-hour access, covered parking, conference facilities, and a sixth-floor terrace.
The property is located at 20200 W Dixie Hwy in Miami, near Aventura Mall, Brightline, Biscayne Blvd, and I-95. The office is vacant and available for showing.
The property is located at 20200 W Dixie Hwy in Miami, near Aventura Mall, Brightline, Biscayne Blvd, and I-95. The office is vacant and available for showing.
Key Highlights
- 855 SF office condo on the 12th floor
- Two private offices plus reception and open workspace
- Ceramic tile floors and marble‑finished counter with under‑counter refrigerator
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
$24,528
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
5.01%
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%
$490,560
$490.6K
Cap Rate 7%
$350,400
$350.4K
Cap Rate 9%
$272,533
$272.5K
Market Conditions
NOI Build-Up for 855 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
$38.5K $45.00/SF
− Vacancy
−$5.8K −$6.75/SF
EGI
$32.7K $38.25/SF
− OpEx
−$8.2K −$9.56/SF
NOI
$24.5K $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%
$490,560
Cap Rate 7%
$350,400
Cap Rate 9%
$272,533
Alternative Uses
Best Use
Office B
$350.4K
$306.6K – $408.8K
NOI $24,528 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$577.1K
$505.0K – $673.3K
NOI $40,399 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two private offices and an open reception area create a practical layout for professional occupants.
Where is this office units located?
The property is located at 20200 W Dixie Hwy #1201 Miami, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 855 SF office condo on the 12th floor; Two private offices plus reception and open workspace; Ceramic tile floors and marble‑finished counter with under‑counter refrigerator
