Office Suite with Double-Height
For Sale
Contact for pricing
40 SW 13 Street #PH4, Miami, FL 33130
Two entrances and adjustable glass partitions provide flexibility in how the office is arranged.
Property Size50,000 SF
Price / SF$0.00
Days on Market10
Property Features for 40 SW 13 Street #PH4
General Information
Standard status
Active
Size
50,000 SF
Net Rentable
1,987 SF
Property subtype
Office
Building Details
Year Built
2007
Listing Agency:
AG Real Estate Advisors, LLC
(305) 374-2092
Listed By:
Maria E Bottas · License #3140898
(305) 305-1280
Source:
Lehmannflorida
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 21 at 2:30AM
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 AG Real Estate Advisors, LLC
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.
PH4 is a 1,987 RSF office suite with two entrances, a reception area, an adjoining conference room, an open work area, two private offices, and a break room with running water. Double-height ceilings shape the interior, which has no windows. Existing glass partitions may stay in place or be removed to create a more open layout.
The suite may be divided, with a minimum divisible area of 1,320 RSF. The building was constructed in 2007.
The suite may be divided, with a minimum divisible area of 1,320 RSF. The building was constructed in 2007.
Key Highlights
- 1,987 RSF office suite
- Divisible to a minimum of 1,320 RSF
- Two entrances, reception area, and adjoining conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,434,375
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,687,500
$28.7M
Cap Rate 7%
$20,491,071
$20.5M
Cap Rate 9%
$15,937,500
$15.9M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$2.25M $45.00/SF
− Vacancy
−$337.5K −$6.75/SF
EGI
$1.91M $38.25/SF
− OpEx
−$478.1K −$9.56/SF
NOI
$1.43M $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%
$28,687,500
Cap Rate 7%
$20,491,071
Cap Rate 9%
$15,937,500
Alternative Uses
Best Use
Office B
$20.49M
$17.93M – $23.91M
NOI $1,434,375 @ 7.0% cap · market cap 3,187,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$33.75M
$29.53M – $39.38M
NOI $2,362,523 @ 7.0% cap · market cap 5,250,051.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Two entrances and adjustable glass partitions provide flexibility in how the office is arranged.
Where is this office unit located?
The property is located at 40 SW 13 Street #PH4 Miami, FL.
What are key features of this property?
This property features: 1,987 RSF office suite; Divisible to a minimum of 1,320 RSF; Two entrances, reception area, and adjoining conference room
