Two-Story Flex
3620 NE Miami Pl, Miami, FL 33137
For Sale
Contact for pricing
Freestanding contemporary building with a build-out-ready interior and prominent exposure along a major Miami corridor.
Property Size10,919 SF
Price / SF$0.01
Days on Market329
Property Features for 3620 NE Miami Pl
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Consultants Immobilier Inc
Listed By:
Stephanie Jourdan Pedron · License FL #3377957
(305) 420-6611
Source:
Casacollectiongroup
Added: Dec 19, 2025
Changed: Nov 7
Last Checked: Nov 12 at 2:05PM
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 Consultants Immobilier Inc
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Investment Insights
Based on property information with market context.
This freestanding flex space contains 10,919 square feet across two stories and was built in 1981. The contemporary structure is ready for build-out, giving occupants the opportunity to configure the interior for their planned operations. Its minimalist architectural character and two-level layout provide a distinct commercial presence.
The property is located in Miami near the intersection of the Design District, Midtown, and Wynwood, with Downtown Miami and Miami Beach within minutes. It is positioned along a principal east-west route connecting N Miami Avenue and Biscayne Boulevard. The site also benefits from east and west exposure to traffic traveling on I95, reported at more than 100,000 vehicles.
The property is located in Miami near the intersection of the Design District, Midtown, and Wynwood, with Downtown Miami and Miami Beach within minutes. It is positioned along a principal east-west route connecting N Miami Avenue and Biscayne Boulevard. The site also benefits from east and west exposure to traffic traveling on I95, reported at more than 100,000 vehicles.
Key Highlights
- 10,919 SF freestanding flex space
- Two‑story contemporary building ready for build‑out
- Built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,693
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,860
$2.9M
Cap Rate 7%
$2,095,614
$2.1M
Cap Rate 9%
$1,629,922
$1.6M
Market Conditions
NOI Build-Up for 10,919 SF
Gross rent
$220.1K $20.16/SF
− Vacancy
−$10.6K −$0.97/SF
EGI
$209.6K $19.19/SF
− OpEx
−$62.9K −$5.76/SF
NOI
$146.7K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,860
Cap Rate 7%
$2,095,614
Cap Rate 9%
$1,629,922
Alternative Uses
Best Use
Flex RnD
$2.29M
$2.00M – $2.67M
NOI $160,116 @ 7.0% cap
Second Best
Industrial
$2.10M
$1.83M – $2.44M
NOI $146,693 @ 7.0% cap
Theoretical Best
Specialty Retail
$7.37M
$6.45M – $8.60M
NOI $515,928 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,333
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding contemporary building with a build-out-ready interior and prominent exposure along a major Miami corridor.
Where is this flex space located?
The property is located at 3620 NE Miami Pl Miami, FL.
What are key features of this property?
This property features: 10,919 SF freestanding flex space; Two‑story contemporary building ready for build‑out; Built in 1981
