Modern Office Suite with
New
For Sale
Contact for pricing
3121 Commodore Plz # 301, Miami, FL 33133
The flexible layout includes a reception area, a large office or conference room, and additional storage or office space.
Property Size38,032 SF
Price / SF$0.17
Days on Market7
Property Features for 3121 Commodore Plz # 301
General Information
Standard status
Active
Size
38,032 SF
Net Rentable
1,068 SF
Total Parking Spaces
1
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$94,008
Building Details
Building Size
38,032 SF
Buildings
1
Listing Agency:
Coconut Grove Realty Corp.
Listed By:
Randie Koroglu · License #0486198
(305) 586-1122
Source:
Batrare
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:04PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 301 is a contemporary office unit with 1,068 RSF of move-in-ready space. The layout includes a reception area, a large room suited to office or conference use, and a separate storage or office area. Floor-to-ceiling impact sliding glass doors open onto a large balcony facing Commodore Plaza. One underground parking space is included.
Rent covers common area maintenance, water, and building insurance; electricity, janitorial service, internet, and interior insurance are excluded.
Rent covers common area maintenance, water, and building insurance; electricity, janitorial service, internet, and interior insurance are excluded.
Key Highlights
- 1,068 RSF of office space in Suite 301
- Large balcony facing Commodore Plaza
- Reception area, large office or conference room, and separate storage or office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,091,043
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,820,860
$21.8M
Cap Rate 7%
$15,586,329
$15.6M
Cap Rate 9%
$12,122,700
$12.1M
Market Conditions
NOI Build-Up for 38,032 SF
Gross rent
$1.71M $45.00/SF
− Vacancy
−$256.7K −$6.75/SF
EGI
$1.45M $38.25/SF
− OpEx
−$363.7K −$9.56/SF
NOI
$1.09M $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%
$21,820,860
Cap Rate 7%
$15,586,329
Cap Rate 9%
$12,122,700
Alternative Uses
Best Use
Office B
$15.59M
$13.64M – $18.18M
NOI $1,091,043 @ 7.0% cap · market cap 16,785.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$25.67M
$22.46M – $29.95M
NOI $1,797,029 @ 7.0% cap · market cap 27,646.60%
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
2,970
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 units - The flexible layout includes a reception area, a large office or conference room, and additional storage or office space.
Where is this office units located?
The property is located at 3121 Commodore Plz # 301 Miami, FL.
What are key features of this property?
This property features: 1,068 RSF of office space in Suite 301; Large balcony facing Commodore Plaza; Reception area, large office or conference room, and separate storage or office area
