Central Miami Office
For Sale
$399,999
4300 Biscayne Blvd G05, Miami, FL 33137
Centrally located Miami office condo, suitable for various businesses.
Property Size1,321 SF
Lot Size0.93 Acres
Days on Market157
Property Features for 4300 Biscayne Blvd G05
General Information
Standard status
Active
Size
1,321 SF
Lot size
0.93 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,367
Building Details
Building Size
1,321 SF
Year Built
1970
Listing Agency:
Dumonde Consulting Group LLC
(305) 575-2720
Listed By:
Fernando Garcia · License #3219031
(305) 575-2720
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 Dumonde Consulting Group LLC
Investment Insights
Based on property information with market context.
This office condo is centrally located in Miami, offering proximity to Downtown, Midtown, Wynwood, the Beaches, and Aventura. The unit is suitable for medical, law, or brokerage businesses.
Key Highlights
- Centralized office location in the heart of Miami.
- Close proximity to Downtown, Midtown, Wynwood, the Beaches, and Aventura.
- Suitable for Medical, Law, or Brokerage businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,520
$437.5K
Cap Rate 7%
$312,514
$312.5K
Cap Rate 9%
$243,067
$243.1K
Market Conditions
NOI Build-Up for 1,321 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $30.00/SF
− Vacancy
−$3.2K −$2.40/SF
EGI
$36.5K $27.60/SF
− OpEx
−$14.6K −$11.04/SF
NOI
$21.9K $16.56/SF
Area
Miami, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,520
Cap Rate 7%
$312,514
Cap Rate 9%
$243,067
Alternative Uses
Best Use
Office B
$541.4K
$473.7K – $631.6K
NOI $37,896 @ 7.0% cap · market cap 9.47%
Second Best
Healthcare Medical
$312.5K
$273.5K – $364.6K
NOI $21,876 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$891.7K
$780.2K – $1.04M
NOI $62,418 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Centrally located Miami office condo, suitable for various businesses.
Where is this office units located?
The property is located at 4300 Biscayne Blvd G05 Miami, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Centralized office location in the heart of Miami.; Close proximity to Downtown, Midtown, Wynwood, the Beaches, and Aventura.; Suitable for Medical, Law, or Brokerage businesses.
