Office Suite with Garage
For Sale
Contact for pricing
3059 Grand Ave # 0210, Miami, FL 33133
The sublease includes seven on-site parking spaces, with additional garage parking available to rent.
Property Size109,000 SF
Price / SF$0.13
Days on Market191
Property Features for 3059 Grand Ave # 0210
General Information
Standard status
Active
Size
109,000 SF
Total Parking Spaces
7
Property subtype
Office
Site & Location
Neighborhood
Bird Grove East
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
109,000 SF
Year Built
1990
Parking Ratio
3.5 per 1,000 SF
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Apr 20
Changed: Oct 27
Last Checked: Oct 27 at 4:03AM
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 Emporio Real Estate
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.
A 2,559-square-foot office suite at Two CocoWalk is offered for sublease through April 2030, subject to landlord approval. The space includes seven parking spaces in the on-site garage, with additional spaces available to rent. The property was built in 1990.
Two CocoWalk sits adjacent to CocoWalk, a mixed-use retail and office destination. The office building has immediate access to US-1 and is accessible from Brickell, Coral Gables, and Downtown Miami.
Two CocoWalk sits adjacent to CocoWalk, a mixed-use retail and office destination. The office building has immediate access to US-1 and is accessible from Brickell, Coral Gables, and Downtown Miami.
Key Highlights
- 2,559‑square‑foot office suite available for sublease through April 2030
- Seven on‑site garage spaces; additional parking may be rented
- Located in Two CocoWalk, adjacent to the CocoWalk mixed‑use retail and office destination
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,126,938
Suggested Prices Based on Cap Rates
Cap Rate 5%
$62,538,760
$62.5M
Cap Rate 7%
$44,670,543
$44.7M
Cap Rate 9%
$34,743,756
$34.7M
Market Conditions
NOI Build-Up for 109,000 SF
Gross rent
$4.91M $45.00/SF
− Vacancy
−$735.8K −$6.75/SF
EGI
$4.17M $38.25/SF
− OpEx
−$1.04M −$9.56/SF
NOI
$3.13M $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%
$62,538,760
Cap Rate 7%
$44,670,543
Cap Rate 9%
$34,743,756
Alternative Uses
Best Use
Office B
$44.67M
$39.09M – $52.12M
NOI $3,126,938 @ 7.0% cap · market cap 21,565.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$73.58M
$64.38M – $85.84M
NOI $5,150,299 @ 7.0% cap · market cap 35,519.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,400
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 - The sublease includes seven on-site parking spaces, with additional garage parking available to rent.
Where is this office unit located?
The property is located at 3059 Grand Ave # 0210 Miami, FL.
What are key features of this property?
This property features: 2,559‑square‑foot office suite available for sublease through April 2030; Seven on‑site garage spaces; additional parking may be rented; Located in Two CocoWalk, adjacent to the CocoWalk mixed‑use retail and office destination
