Office Suite with
New
For Sale
Contact for pricing
42 NW 27th Ave # 309, Miami, FL 33125
The third-floor space pairs a private office with an open work area, reception, and included utilities.
Property Size67,055 SF
Price / SF$0.00
Days on Market5
Property Features for 42 NW 27th Ave # 309
General Information
Standard status
Active
Size
67,055 SF
Property subtype
Office
Additional Details
Floor
3
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$86,143
Building Details
Building Size
67,055 SF
Year Built
1972
Buildings
1
Listing Agency:
Synergy Realty Advisors
Listed By:
Andros Sarduy · License #3225429
(305) 297-3557
Source:
Batrare
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 7:54AM
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.
This third-floor office suite at the Del Toro Insurance building measures +-960 SF and includes a private office, an open area, and reception. Large windows provide views, and the suite has new flooring, AC, and baseboards. Utilities are included.
The floor has been re-demised into eight suites ranging from +-640 to 3,652 SF. Building parking includes surface spaces and 88 covered spaces. The property offers quick access to SR-836. The landlord will consider rent abatement toward a tenant's buildout.
The floor has been re-demised into eight suites ranging from +-640 to 3,652 SF. Building parking includes surface spaces and 88 covered spaces. The property offers quick access to SR-836. The landlord will consider rent abatement toward a tenant's buildout.
Key Highlights
- +-960 SF suite with a private office, open area, and reception
- Large windows with views
- New 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 6,412,133.33%
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 10,561,263.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
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 - The third-floor space pairs a private office with an open work area, reception, and included utilities.
Where is this office units located?
The property is located at 42 NW 27th Ave # 309 Miami, FL.
What are key features of this property?
This property features: +-960 SF suite with a private office, open area, and reception; Large windows with views; New flooring, AC, and baseboards; utilities included
