Office Building with
For Sale
$5,299,000
2433 NW 7th St, Miami, FL 33125
Office property offering space for medical professionals and other businesses, with on-site parking.
Property Size14,151 SF
Days on Market40
Property Features for 2433 NW 7th St
General Information
Standard status
Active
Size
14,151 SF
Property subtype
Office
Building Details
Building Size
14,151 SF
Year Built
1973
Listing Agency:
Island Living Realty, LLC
(786) 342-8823
Listed By:
Omar Lugo · License #3192068
Source:
Marcelosteinmander
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 6 at 4:25AM
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 Island Living Realty, LLC
Investment Insights
Based on property information with market context.
This office building, constructed in 1973, is positioned for medical professionals and other business users seeking office space. The property includes more than 30 parking spaces for on-site convenience.
Located at 2433 NW 7th St in Miami, Florida, the building provides a central Miami address for office operations. The available property information identifies the asset as an office building intended for both medical and general business use.
Located at 2433 NW 7th St in Miami, Florida, the building provides a central Miami address for office operations. The available property information identifies the asset as an office building intended for both medical and general business use.
Key Highlights
- More than 30 on‑site parking spaces
- Built in 1973
- 2433 NW 7th St, Miami, FL 33125
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
$405,957
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
7.66%
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%
$8,119,140
$8.1M
Cap Rate 7%
$5,799,386
$5.8M
Cap Rate 9%
$4,510,633
$4.5M
Market Conditions
NOI Build-Up for 14,151 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
$636.8K $45.00/SF
− Vacancy
−$95.5K −$6.75/SF
EGI
$541.3K $38.25/SF
− OpEx
−$135.3K −$9.56/SF
NOI
$406.0K $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%
$8,119,140
Cap Rate 7%
$5,799,386
Cap Rate 9%
$4,510,633
Alternative Uses
Best Use
Office B
$5.80M
$5.07M – $6.77M
NOI $405,957 @ 7.0% cap · market cap 7.66%
Second Best
Healthcare Medical
$3.35M
$2.93M – $3.91M
NOI $234,341 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$9.55M
$8.36M – $11.14M
NOI $668,641 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office property offering space for medical professionals and other businesses, with on-site parking.
Where is this office building located?
The property is located at 2433 NW 7th St Miami, FL.
What is the asking price?
The asking price for this property is $5,299,000.
What are key features of this property?
This property features: More than 30 on‑site parking spaces; Built in 1973; 2433 NW 7th St, Miami, FL 33125
