Seventh-Floor Office
For Sale
$445,000
Pending
20200 W Dixie Hwy Unit 707, Aventura, FL 33180
Finished office suite includes porcelain flooring and is divided into reception, conference, and multiple work offices.
Property Size950 SF
Days on Market2180
Property Features for 20200 W Dixie Hwy Unit 707
General Information
Standard status
Pending
Size
950 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
2016
Listing Agency:
Renovatio Realty Group Corp
(305) 490-9769
Listed By:
Abraham Copernik · License #3223634
(305) 490-9769
Source:
Xome
Added: Aug 13, 2020
Changed: Jul 28
Last Checked: Jul 28 at 3:13PM
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 Renovatio Realty Group Corp
Investment Insights
Based on property information with market context.
This 7th-floor office suite is beautifully finished and features porcelain flooring throughout. The layout includes a reception area and a conference room, along with two working stations and two individual offices.
The suite offers south views and includes one assigned parking space that is purchased by the owner. Please allow 24 hours’ notice for showings.
The property is offered for sale as an office unit and presents a turnkey interior configuration for office use.
The suite offers south views and includes one assigned parking space that is purchased by the owner. Please allow 24 hours’ notice for showings.
The property is offered for sale as an office unit and presents a turnkey interior configuration for office use.
Key Highlights
- 2016‑built 7th‑floor office suite with south views
- Porcelain flooring throughout the office
- Layout includes reception area, conference room, 2 working stations, and 2 individual offices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.3k | $45.60 |
| − Vacancy | −$9.7k | −$10.26 |
| EGI | $33.6k | $35.34 |
| − OpEx | −$8.4k | −$8.84 |
| NOI | $25.2k | $26.51 |
950 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$359.7K
$314.8K – $419.7K
NOI $25,180 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.7K – $562.3K
NOI $33,738 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Finished office suite includes porcelain flooring and is divided into reception, conference, and multiple work offices.
Where is this office units located?
The property is located at 20200 W Dixie Hwy Unit 707 Aventura, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2016‑built 7th‑floor office suite with south views; Porcelain flooring throughout the office; Layout includes reception area, conference room, 2 working stations, and 2 individual offices
