Modern Office
New
For Sale
$1,995,000
2820 NE 214th St 1010, Aventura, FL 33180
Fully built-out workspace with private offices, glass-enclosed areas, reception, lounge, and kitchenette.
Property Size118,000 SF
Price / SF$838.94
Days on Market3
Property Features for 2820 NE 214th St 1010
General Information
Standard status
Active
Size
118,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
118,000 SF
Stories
10
Tenancy
Multi
Listing Agency:
GOLDEN REALTY GROUP, INC.
(305) 904-9998
Listed By:
Victoria Romanenko · License #3264985
(305) 904-9998
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:51AM
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 GOLDEN REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
Unit 1010 provides 2,378 square feet of fully built-out office space with a contemporary interior. The layout includes private offices, glass-enclosed work areas, open workspace, a reception and lounge area, and an integrated kitchenette. Floor-to-ceiling windows bring abundant natural light, while high-end finishes support a polished professional setting.
The property is located at 2820 NE 214th St in Aventura, within a building occupied by medical and professional offices. Retail and hospitality amenities are nearby, including the Serena Hotel Tapestry Collection by Hilton. Aventura Hospital is within walking distance, while Gulfstream Park and Aventura Commons are minutes away. Access is available from Biscayne Blvd (US-1) and NE 214th Street. WalkScore is 58, BikeScore is 66, and TransitScore is 31.
The property is located at 2820 NE 214th St in Aventura, within a building occupied by medical and professional offices. Retail and hospitality amenities are nearby, including the Serena Hotel Tapestry Collection by Hilton. Aventura Hospital is within walking distance, while Gulfstream Park and Aventura Commons are minutes away. Access is available from Biscayne Blvd (US-1) and NE 214th Street. WalkScore is 58, BikeScore is 66, and TransitScore is 31.
Key Highlights
- 2,378 square feet of fully built‑out office space
- Unit 1010 with private offices, glass‑enclosed workspaces, and open work areas
- Floor‑to‑ceiling windows with abundant natural light
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
$63,029
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
3.16%
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%
$1,260,580
$1.3M
Cap Rate 7%
$900,414
$900.4K
Cap Rate 9%
$700,322
$700.3K
Market Conditions
NOI Build-Up for 2,378 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
$108.4K $45.60/SF
− Vacancy
−$24.4K −$10.26/SF
EGI
$84.0K $35.34/SF
− OpEx
−$21.0K −$8.84/SF
NOI
$63.0K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /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%
$1,260,580
Cap Rate 7%
$900,414
Cap Rate 9%
$700,322
Alternative Uses
Best Use
Office B
$900.4K
$787.9K – $1.05M
NOI $63,029 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,452 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,528
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 - Fully built-out workspace with private offices, glass-enclosed areas, reception, lounge, and kitchenette.
Where is this office units located?
The property is located at 2820 NE 214th St 1010 Aventura, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 2,378 square feet of fully built‑out office space; Unit 1010 with private offices, glass‑enclosed workspaces, and open work areas; Floor‑to‑ceiling windows with abundant natural light
