Turnkey Office Condo with Studio
209-1500 Nw 89th Ct Doral, FL
209-1500 Nw 89th Ct, Doral, FL, 00000
$624,099
For Sale
$624,099
2016-built office condo with reception, open production area, three enclosed rooms, and two video walls.
Property Size1,000 SF
Price / SF$624.10
Days on Market45
Property Features for 209-1500 Nw 89th Ct
General Information
- Standard status
- Active
- Size
- 1,000 SF
Listing agency
First Service Realty ERA
(305) 484-2174
Listed by
Ovidio Jesus Mijares · License #3185548
(305) 484-2174
Source
Exprealty
Added: Jun 9 Updated: Jul 22 at 5:32PM Checked: Jul 22 at 5:32PM
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 First Service Realty ERA
Investment Insights
Based on property information with market context.
This turnkey 2016-built office condo includes a professional buildout and modern office/studio improvements. Interior features include a reception area, an open production space, and three enclosed rooms. The space is currently being used as a podcast and media production studio, and includes two video walls, four built-in speakers, and upgraded lighting.
The office condo is located within Riviera Point Business Center and is described as offering ample parking. The property is conveniently positioned near Dolphin Expressway (SR-836), Florida’s Turnpike, and Miami International Airport.
The layout supports both front-office reception and enclosed production or meeting rooms, with open production area suitable for recording and media work.
The office condo is located within Riviera Point Business Center and is described as offering ample parking. The property is conveniently positioned near Dolphin Expressway (SR-836), Florida’s Turnpike, and Miami International Airport.
The layout supports both front-office reception and enclosed production or meeting rooms, with open production area suitable for recording and media work.
Key Highlights
- 2016‑built 1,000 SF Class A office condo with professional buildout
- Includes reception area, open production space, and 3 enclosed rooms
- Podcast and media production studio setup with 2 video walls
Local 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 | $45.6k | $45.60 |
| − Vacancy | −$10.3k | −$10.26 |
| EGI | $35.3k | $35.34 |
| − OpEx | −$8.8k | −$8.84 |
| NOI | $26.5k | $26.51 |
1,000 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Creative space
Similar For Sale Nearby
FAQs
What type of property is this?
Creative space - 2016-built office condo with reception, open production area, three enclosed rooms, and two video walls.
Where is this creative space located?
The property is located at 209-1500 Nw 89th Ct Doral, FL.
What is the asking price?
The asking price for this property is $624,099.
What are key features of this property?
This property features: 2016‑built 1,000 SF Class A office condo with professional buildout; Includes reception area, open production space, and 3 enclosed rooms; Podcast and media production studio setup with 2 video walls
