Second-Floor Professional Office
For Sale
$475,000
246-8370 W Flagler St, Miami, FL 33144
Second-floor office suite with two private offices, reception area, kitchenette, and elevator access with ample parking nearby.
Property Size1,068 SF
Price / SF$444.76
Days on Market291
Property Features for 246-8370 W Flagler St
General Information
Standard status
Active
Size
1,068 SF
Amenities
private offices
reception area
kitchenette
closet
elevator access
common area restrooms
Listing Agency:
Florida Realty of Miami Corp
(786) 356-4653
Listed By:
Maria Estrada · License #3191389
(786) 356-4653
Source:
Exprealty
Added: Oct 20, 2025
Changed: Jul 22
Last Checked: Jul 31 at 7:27PM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This second-floor professional office suite totals 1,068 SF and is configured with two large private offices, a spacious reception area, a kitchenette, and a closet. Restrooms are located in the common area, while the suite itself provides dedicated interior space for professional use.
The office is served by elevator access and is positioned for convenient parking, supporting day-to-day client and staff arrival. The suite is described as having excellent exposure and is offered with an easy showing process through the listing agent.
The property is presented as an office unit within a larger commercial setting, with practical access via elevator and shared facilities for restrooms.
The office is served by elevator access and is positioned for convenient parking, supporting day-to-day client and staff arrival. The suite is described as having excellent exposure and is offered with an easy showing process through the listing agent.
The property is presented as an office unit within a larger commercial setting, with practical access via elevator and shared facilities for restrooms.
Key Highlights
- 1,068 SF second‑floor professional office suite
- Includes two large private offices
- Spacious reception area plus kitchenette
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 | $48.1k | $45.00 |
| − Vacancy | −$7.2k | −$6.75 |
| EGI | $40.9k | $38.25 |
| − OpEx | −$10.2k | −$9.56 |
| NOI | $30.6k | $28.69 |
1,068 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$437.7K
$383.0K – $510.6K
NOI $30,638 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$720.9K
$630.8K – $841.1K
NOI $50,463 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13,542
Businesses Nearby
Explore this area
Business Placement
Demographics for 33144, FL
25,814
Population
9,665
Households
2.7
Avg Household Size
48
Median Age
28%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
8,327
Density / Sq Mi
$59,207
Median Household Income
$35,051
Median Earnings
$1,730
Median Rent
$440,600
Median Home Value
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 - Second-floor office suite with two private offices, reception area, kitchenette, and elevator access with ample parking nearby.
Where is this office units located?
The property is located at 246-8370 W Flagler St Miami, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,068 SF second‑floor professional office suite; Includes two large private offices; Spacious reception area plus kitchenette
