Contemporary Office Suite with
For Sale
Contact for pricing
303-3121 Commodore Plz, Miami, FL 33133
A flexible workspace includes private offices, an open work area, and two underground parking spaces.
Property Size2,026 SF
Price / SF$5.43
Days on Market24
Property Features for 303-3121 Commodore Plz
General Information
Standard status
Active
Size
2,026 SF
Net Rentable
2,026 SF
Total Parking Spaces
2
Taxes and HOA fees
Annual Taxes
$94,008
Listing Agency:
Coconut Grove Realty Corp.
(305) 448-4123
Listed By:
Randie Koroglu · License #0486198
(305) 586-1122
Source:
Exprealty
Added: Sep 28
Changed: Oct 21
Last Checked: Oct 21 at 2:02AM
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 Coconut Grove 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.
Suite 303 offers 2,026 RSF of contemporary office space with a reception area, two large offices or conference rooms, and a substantial open workspace. Floor-to-ceiling sliding glass doors bring in natural light and lead to a large balcony facing Commodore Plaza. Two underground parking spaces are included.
The suite is at 303-3121 Commodore Plz in Miami, Florida. Rent includes common area maintenance, water, and building insurance; electric, janitorial service, internet, and interior insurance are excluded.
The suite is at 303-3121 Commodore Plz in Miami, Florida. Rent includes common area maintenance, water, and building insurance; electric, janitorial service, internet, and interior insurance are excluded.
Key Highlights
- 2,026 RSF office suite with reception, two large offices or conference rooms, and open workspace
- Large balcony facing Commodore Plaza
- Two underground parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,121
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,420
$1.2M
Cap Rate 7%
$830,300
$830.3K
Cap Rate 9%
$645,789
$645.8K
Market Conditions
NOI Build-Up for 2,026 SF
Gross rent
$91.2K $45.00/SF
− Vacancy
−$13.7K −$6.75/SF
EGI
$77.5K $38.25/SF
− OpEx
−$19.4K −$9.56/SF
NOI
$58.1K $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%
$1,162,420
Cap Rate 7%
$830,300
Cap Rate 9%
$645,789
Alternative Uses
Best Use
Office B
$830.3K
$726.5K – $968.7K
NOI $58,121 @ 7.0% cap · market cap 528.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,729 @ 7.0% cap · market cap 870.26%
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
3,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A flexible workspace includes private offices, an open work area, and two underground parking spaces.
Where is this office unit located?
The property is located at 303-3121 Commodore Plz Miami, FL.
What are key features of this property?
This property features: 2,026 RSF office suite with reception, two large offices or conference rooms, and open workspace; Large balcony facing Commodore Plaza; Two underground parking spaces included
