Office Suite with Executive
New
For Sale
Contact for pricing
308-42 Nw 27th Ave, Miami, FL 33125
A third-floor workspace features two private offices, updated finishes, and included utilities.
Property Size780 SF
Price / SF$0.03
Days on Market4
Property Features for 308-42 Nw 27th Ave
General Information
Standard status
Active
Size
780 SF
Additional Details
Floor
3
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$86,143
Listing Agency:
Synergy Realty Advisors
Listed By:
Andros Sarduy · License #A12052768
(305) 297-3557
Source:
Exprealty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 12:31AM
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 Synergy Realty Advisors
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.
This approximately 780-square-foot office suite occupies the third floor of an office building in Miami. Its layout includes two executive offices, one notably larger than the other. Recent interior work added flooring, air conditioning, and baseboards, while utilities are included. The suite is offered on an NNN basis.
The building is in the City of Miami, just north of West Flagler Street, with quick access to SR-836. Parking includes surface spaces and 88 covered spaces.
The reconfigured floor contains eight suites ranging from approximately 640 to 3,652 square feet. Other floor offerings include executive suites with large windows and a podcast studio.
The building is in the City of Miami, just north of West Flagler Street, with quick access to SR-836. Parking includes surface spaces and 88 covered spaces.
The reconfigured floor contains eight suites ranging from approximately 640 to 3,652 square feet. Other floor offerings include executive suites with large windows and a podcast studio.
Key Highlights
- Approximately 780 SF suite with two executive offices
- Third‑floor office with new flooring, AC, and baseboards
- Utilities included; NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,376
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,520
$447.5K
Cap Rate 7%
$319,657
$319.7K
Cap Rate 9%
$248,622
$248.6K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$35.1K $45.00/SF
− Vacancy
−$5.3K −$6.75/SF
EGI
$29.8K $38.25/SF
− OpEx
−$7.5K −$9.56/SF
NOI
$22.4K $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%
$447,520
Cap Rate 7%
$319,657
Cap Rate 9%
$248,622
Alternative Uses
Best Use
Office B
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 89,504.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 147,420.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,910
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
Frequently Asked Questions
What type of property is this?
Office units - A third-floor workspace features two private offices, updated finishes, and included utilities.
Where is this office units located?
The property is located at 308-42 Nw 27th Ave Miami, FL.
What are key features of this property?
This property features: Approximately 780 SF suite with two executive offices; Third‑floor office with new flooring, AC, and baseboards; Utilities included; NNN lease structure
