Seven-Story Office
For Sale
$300,000
330 SW 27th Avenue Unit 309, Miami, FL 33135
Free-standing seven-story building with 57 units, offering an available office suite with private kitchen and bath.
Property Size780 SF
Price / SF$384.62
Days on Market145
Property Features for 330 SW 27th Avenue Unit 309
General Information
Standard status
Active
Size
780 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
57
Taxes and HOA fees
Annual Taxes
$2,848
Amenities
private kitchen
private bath
Central Air, Electric
3
6101
Parking.
1 Parking Spaces. Guest Parking, Shared Driveway, Assigned Parking Space, On Street.
Other, Gated Community.
Building Details
Year Built
1984
Stories
7
Tenancy
Multi
Listing Agency:
LAM International Realty LLC
(305) 281-5414
Listed By:
Alfonso Lam
(305) 281-5414
Source:
Xome
Added: Apr 3
Changed: Aug 23
Last Checked: Aug 24 at 4:15AM
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 LAM International Realty LLC
Investment Insights
Based on property information with market context.
A seven-story free-standing office building with 57 units. The available unit is configured with a private kitchen and bath, suited for professional or medical office services.
The property is positioned in Miami, west of Brickell, with access to Downtown Miami, Brickell, Coral Gables, Coconut Grove, Miami-Dade College Padron Campus (formerly Inter-American Campus), and Miami International Airport. It is about one mile south of the State Road 836 exit on 27th Avenue.
Bike score is 59 and walk score is 90, indicating strong walkability and moderate bikeability, with a transit score of 47.
The property is positioned in Miami, west of Brickell, with access to Downtown Miami, Brickell, Coral Gables, Coconut Grove, Miami-Dade College Padron Campus (formerly Inter-American Campus), and Miami International Airport. It is about one mile south of the State Road 836 exit on 27th Avenue.
Bike score is 59 and walk score is 90, indicating strong walkability and moderate bikeability, with a transit score of 47.
Key Highlights
- 7‑story, free‑standing building built in 1984
- 57‑unit building with an available office suite
- Available office suite includes a private kitchen and private bath
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
$22,376
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
7.46%
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%
$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
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
$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 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%
$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 7.46%
Second Best
Healthcare Medical
$184.5K
$161.5K – $215.3K
NOI $12,917 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
57
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Free-standing seven-story building with 57 units, offering an available office suite with private kitchen and bath.
Where is this office building located?
The property is located at 330 SW 27th Avenue Unit 309 Miami, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 7‑story, free‑standing building built in 1984; 57‑unit building with an available office suite; Available office suite includes a private kitchen and private bath
