Executive Office
New
For Sale
Contact for pricing
42 NW 27th Ave # 308, Miami, FL 33125
Two private offices occupy the third-floor suite, with building parking available to occupants.
Property Size67,055 SF
Price / SF$0.00
Days on Market5
Property Features for 42 NW 27th Ave # 308
General Information
Standard status
Active
Size
67,055 SF
Property subtype
Office
Additional Details
Floor
3
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$86,143
Amenities
podcast studio
Building Details
Building Size
67,055 SF
Year Built
1972
Buildings
1
Tenancy
Multi
Listing Agency:
Synergy Realty Advisors
Listed By:
Andros Sarduy · License #3225429
(305) 297-3557
Source:
Batrare
Added: Oct 11
Changed: Oct 14
Last Checked: Oct 15 at 6:09AM
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 Synergy Realty Advisors
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Investment Insights
Based on property information with market context.
Suite 308 is an approximately 780-square-foot office on the third floor of the Del Toro Insurance building. Its layout includes two executive offices. Flooring, air conditioning, and baseboards have been updated, and utilities are included.
The floor was reconfigured into eight suites ranging from approximately 640 to 3,652 square feet. Building parking includes surface spaces and 88 covered spaces. The property is north of W Flagler Street, with access to SR-836.
The floor was reconfigured into eight suites ranging from approximately 640 to 3,652 square feet. Building parking includes surface spaces and 88 covered spaces. The property is north of W Flagler Street, with access to SR-836.
Key Highlights
- Approximately +-780 SF with two executive offices
- Third‑floor suite in the Del Toro Insurance building
- Updated flooring, AC, and baseboards; utilities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,923,640
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,472,800
$38.5M
Cap Rate 7%
$27,480,571
$27.5M
Cap Rate 9%
$21,373,778
$21.4M
Market Conditions
NOI Build-Up for 67,055 SF
Gross rent
$3.02M $45.00/SF
− Vacancy
−$452.6K −$6.75/SF
EGI
$2.56M $38.25/SF
− OpEx
−$641.2K −$9.56/SF
NOI
$1.92M $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%
$38,472,800
Cap Rate 7%
$27,480,571
Cap Rate 9%
$21,373,778
Alternative Uses
Best Use
Office B
$27.48M
$24.05M – $32.06M
NOI $1,923,640 @ 7.0% cap · market cap 7,694,560.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$45.26M
$39.60M – $52.81M
NOI $3,168,379 @ 7.0% cap · market cap 12,673,516.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
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 units - Two private offices occupy the third-floor suite, with building parking available to occupants.
Where is this office units located?
The property is located at 42 NW 27th Ave # 308 Miami, FL.
What are key features of this property?
This property features: Approximately +-780 SF with two executive offices; Third‑floor suite in the Del Toro Insurance building; Updated flooring, AC, and baseboards; utilities included
