Office Condominium with Private
New
For Sale
$750,000
4300 Biscayne Boulevard 206, Miami, FL 33137
A second-floor suite combines open workspace, a kitchenette, and three assigned parking spaces.
Property Size79,640 SF
Price / SF$660.79
Days on Market5
Property Features for 4300 Biscayne Boulevard 206
General Information
Standard status
Active
Size
79,640 SF
Total Parking Spaces
3
Property subtype
Office
Site & Location
Neighborhood
Bayfront
Additional Details
Floor
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$7,827
Building Details
Building Size
79,640 SF
Year Built
1970
Listing Agency:
Berlin Group
Listed By:
Benedict Gutierrez · License #3317434
(305) 281-8087
Source:
Silverleafrealtygroup
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 3 at 2:37PM
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 Berlin Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,135-square-foot office condominium occupies the second floor and was built in 1970. Its layout includes open workspace, a private office, and a kitchenette, with three assigned parking spaces included.
The property is on Biscayne Boulevard in Miami, with access to major thoroughfares and nearby retail, restaurants, and residential neighborhoods. The Design District, Midtown, and the Upper Eastside are minutes away.
The property is on Biscayne Boulevard in Miami, with access to major thoroughfares and nearby retail, restaurants, and residential neighborhoods. The Design District, Midtown, and the Upper Eastside are minutes away.
Key Highlights
- 1,135‑square‑foot second‑floor office condominium
- Open workspace with a private office and kitchenette
- Three assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,560
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,200
$651.2K
Cap Rate 7%
$465,143
$465.1K
Cap Rate 9%
$361,778
$361.8K
Market Conditions
NOI Build-Up for 1,135 SF
Gross rent
$51.1K $45.00/SF
− Vacancy
−$7.7K −$6.75/SF
EGI
$43.4K $38.25/SF
− OpEx
−$10.9K −$9.56/SF
NOI
$32.6K $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%
$651,200
Cap Rate 7%
$465,143
Cap Rate 9%
$361,778
Alternative Uses
Best Use
Office B
$465.1K
$407.0K – $542.7K
NOI $32,560 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$766.1K
$670.4K – $893.8K
NOI $53,629 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17,616
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
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor suite combines open workspace, a kitchenette, and three assigned parking spaces.
Where is this office unit located?
The property is located at 4300 Biscayne Boulevard 206 Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,135‑square‑foot second‑floor office condominium; Open workspace with a private office and kitchenette; Three assigned parking spaces
