Windowed Coworking Office
For Sale
Contact for pricing
420 SW 7th St # 1214, Miami, FL 33130
Flexible short- and long-term options include utilities, Wi-Fi, and access to shared meeting facilities.
Property Size143,866 SF
Price / SF$0.02
Days on Market271
Property Features for 420 SW 7th St # 1214
General Information
Standard status
Active
Size
143,866 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
utilities
Wi-Fi
on-site managers
tech support
conference rooms
meeting rooms
lunchroom/kitchen
lounge area
janitorial services
self-storage
floor-to-ceiling windows
city views
Building Details
Building Size
143,866 SF
Year Built
2021
Tenancy
Multi
Listing Agency:
BHHS EWM Realty
Listed By:
Carlos Olivares · License #3051724
(305) 894-6637
Source:
Allyandaj
Added: Jan 23
Changed: Oct 21
Last Checked: Oct 21 at 1:20AM
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 BHHS EWM Realty
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Investment Insights
Based on property information with market context.
Built in 2021, this coworking property offers private office suites ranging from 58 to 281 square feet. Floor-to-ceiling windows provide city views, and building services include utilities, Wi-Fi, on-site management, technical support, janitorial service, and shared conference and meeting rooms. A kitchen and lounge are also available to occupants.
The property is in Miami’s Brickell area, with access to I-95 and downtown and Brickell corridors. Optional self-storage for files, supplies, or inventory may be available under a separate agreement.
The property is in Miami’s Brickell area, with access to I-95 and downtown and Brickell corridors. Optional self-storage for files, supplies, or inventory may be available under a separate agreement.
Key Highlights
- Private office suites range from 58 to 281 SF
- Floor‑to‑ceiling windows with city views
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,127,156
Suggested Prices Based on Cap Rates
Cap Rate 5%
$82,543,120
$82.5M
Cap Rate 7%
$58,959,371
$59.0M
Cap Rate 9%
$45,857,289
$45.9M
Market Conditions
NOI Build-Up for 143,866 SF
Gross rent
$6.47M $45.00/SF
− Vacancy
−$971.1K −$6.75/SF
EGI
$5.50M $38.25/SF
− OpEx
−$1.38M −$9.56/SF
NOI
$4.13M $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%
$82,543,120
Cap Rate 7%
$58,959,371
Cap Rate 9%
$45,857,289
Alternative Uses
Best Use
Office B
$58.96M
$51.59M – $68.79M
NOI $4,127,156 @ 7.0% cap · market cap 180,698.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$97.11M
$84.97M – $113.30M
NOI $6,797,733 @ 7.0% cap · market cap 297,624.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16,985
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Coworking space - Flexible short- and long-term options include utilities, Wi-Fi, and access to shared meeting facilities.
Where is this coworking space located?
The property is located at 420 SW 7th St # 1214 Miami, FL.
What are key features of this property?
This property features: Private office suites range from 58 to 281 SF; Floor‑to‑ceiling windows with city views; Built in 2021
