Office Suite with
4253 SW 72nd Avenue, Miami, FL 33155
For Sale
Contact for pricing
A built-out workspace combines private offices, shared work areas, a conference room and kitchenette.
Property Size7,920 SF
Lot Size0.56 Acres
Price / SF$0.00
Days on Market8
Property Features for 4253 SW 72nd Avenue
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Highway Access
Road Access
Additional Details
Condition
Property Use
Building Details
Year Built
Year Renovated
Building Size
Listing Agency:
One Sotheby's International Realty
Listed By:
Carlos Areces · License FL #3184709
(305) 803-2205
Source:
Onesothebysrealty
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 8:04AM
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 One Sotheby's International Realty
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.
This 1,516-square-foot office suite has a reception area, private offices, open work area, conference room and storage. A mezzanine adds a kitchenette. The adjacent 1,625-square-foot suite may be joined to create approximately 3,141 contiguous square feet. The property is within a commercial building of approximately 7,920 square feet on a 0.56-acre parcel. Built in 2005, the building received renovations in 2011 and has shared on-site parking.
The property is in Miami’s Bird Road commercial corridor, with access to Bird Road, Coral Way and the Palmetto Expressway. More than 166,000 residents live within a 3-mile radius.
The property is in Miami’s Bird Road commercial corridor, with access to Bird Road, Coral Way and the Palmetto Expressway. More than 166,000 residents live within a 3-mile radius.
Key Highlights
- 1,516‑square‑foot office suite with reception, private offices, open work area, conference room and storage
- Mezzanine level includes a kitchenette
- Adjacent 1,625‑square‑foot suite can be combined for approximately 3,141 contiguous SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$694,151
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,883,020
$13.9M
Cap Rate 7%
$9,916,443
$9.9M
Cap Rate 9%
$7,712,789
$7.7M
Market Conditions
NOI Build-Up for 24,197 SF
Gross rent
$1.09M $45.00/SF
− Vacancy
−$163.3K −$6.75/SF
EGI
$925.5K $38.25/SF
− OpEx
−$231.4K −$9.56/SF
NOI
$694.2K $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%
$13,883,020
Cap Rate 7%
$9,916,443
Cap Rate 9%
$7,712,789
Alternative Uses
Best Use
Office B
$9.92M
$8.68M – $11.57M
NOI $694,151 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.33M
$14.29M – $19.06M
NOI $1,143,319 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,985
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Market
Average Price Trend$/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 - A built-out workspace combines private offices, shared work areas, a conference room and kitchenette.
Where is this office unit located?
The property is located at 4253 SW 72nd Avenue Miami, FL.
What are key features of this property?
This property features: 1,516‑square‑foot office suite with reception, private offices, open work area, conference room and storage; Mezzanine level includes a kitchenette; Adjacent 1,625‑square‑foot suite can be combined for approximately 3,141 contiguous SF
