Office Unit with Conference
40 SW 13th St # 505, Miami, FL 33130
For Sale
Contact for pricing
The suite combines enclosed work areas with a reception zone and kitchenette.
Property Size80,000 SF
Price / SF$0.06
Days on Market52
Property Features for 40 SW 13th St # 505
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
gym
pool
party rooms
Building Details
Building Size
Year Built
Listing Agency:
GP Real Estate Advisors
Listed By:
Mario Ruiz · License FL #3544584
(305) 877-7304
Source:
Allyandaj
Added: Sep 22
Changed: Nov 11
Last Checked: Nov 12 at 5:26PM
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 GP Real Estate 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.
Built in 2010, this Miami office unit is arranged with three enclosed offices, a conference room, an open reception area, and a kitchenette. One parking space is included; additional parking can be arranged through building management.
Occupants may access the building’s gym, pool, and party rooms for an additional fee paid directly to management.
Occupants may access the building’s gym, pool, and party rooms for an additional fee paid directly to management.
Key Highlights
- Three private offices and a large conference room
- Open reception area and kitchenette
- One parking space included; additional parking available through building management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,295,000
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,900,000
$45.9M
Cap Rate 7%
$32,785,714
$32.8M
Cap Rate 9%
$25,500,000
$25.5M
Market Conditions
NOI Build-Up for 80,000 SF
Gross rent
$3.60M $45.00/SF
− Vacancy
−$540.0K −$6.75/SF
EGI
$3.06M $38.25/SF
− OpEx
−$765.0K −$9.56/SF
NOI
$2.30M $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%
$45,900,000
Cap Rate 7%
$32,785,714
Cap Rate 9%
$25,500,000
Alternative Uses
Best Use
Office B
$32.79M
$28.69M – $38.25M
NOI $2,295,000 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$54.00M
$47.25M – $63.00M
NOI $3,780,036 @ 7.0% cap
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
$479,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines enclosed work areas with a reception zone and kitchenette.
Where is this office unit located?
The property is located at 40 SW 13th St # 505 Miami, FL.
What are key features of this property?
This property features: Three private offices and a large conference room; Open reception area and kitchenette; One parking space included; additional parking available through building management
