Second-Floor Office
206-10585 Sw 109th Ct, Miami, FL 33172
For Sale
Contact for pricing
A private office is located across from a college campus, with light and water included.
Property Size25,000 SF
Price / SF$0.05
Days on Market11
Property Features for 206-10585 Sw 109th Ct
General Information
Standard status
Size
Additional Details
Floor
Property Use
Listing Agency:
Intertrust Realty Corp.
(305) 531-4527
Listed By:
Fabian Melnik · License #3161781
(305) 915-6466
Source:
Exprealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 4:49PM
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 Intertrust Realty Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office unit includes a private office measuring 400 square feet. Light and water are included.
The property is across the street from Miami Dade College Kendall Campus and the main post office, with residential buildings also in the surrounding area.
The property is across the street from Miami Dade College Kendall Campus and the main post office, with residential buildings also in the surrounding area.
Key Highlights
- Private office measures 400 square feet
- Second‑floor location
- Light and water included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$717,188
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,343,760
$14.3M
Cap Rate 7%
$10,245,543
$10.2M
Cap Rate 9%
$7,968,756
$8.0M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$1.13M $45.00/SF
− Vacancy
−$168.8K −$6.75/SF
EGI
$956.3K $38.25/SF
− OpEx
−$239.1K −$9.56/SF
NOI
$717.2K $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 Rate 5%
$14,343,760
Cap Rate 7%
$10,245,543
Cap Rate 9%
$7,968,756
Alternative Uses
Best Use
Office B
$10.25M
$8.96M – $11.95M
NOI $717,188 @ 7.0% cap · market cap 57,375.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.88M
$14.77M – $19.69M
NOI $1,181,261 @ 7.0% cap · market cap 94,500.88%
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
1,555
Businesses Nearby
Explore this area
Business Placement
Demographics for 33172, FL
43,911
Population
16,103
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
6,861
Density / Sq Mi
$61,733
Median Household Income
$35,061
Median Earnings
$1,926
Median Rent
$260,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A private office is located across from a college campus, with light and water included.
Where is this office unit located?
The property is located at 206-10585 Sw 109th Ct Miami, FL.
What are key features of this property?
This property features: Private office measures 400 square feet; Second‑floor location; Light and water included
