Office Suite with Private
New
For Sale
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44 NE 16th Street East Wing, Homestead, FL 33030
A sublease layout includes private offices, reception and waiting areas, storage, and kitchen access.
Property Size4,477 SF
Price / SF$1.49
Days on Market3
Property Features for 44 NE 16th Street East Wing
General Information
Standard status
Active
Size
4,477 SF
Net Rentable
2,350 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
reception area
waiting areas
storage closets
restroom
kitchen access
West Wing conference room
common areas
Building Details
Year Built
1956
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Luis A Badillo · License #3068840
(305) 510-8610
Source:
Lehmannflorida
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:19PM
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 Keller Williams Realty Premier Properties
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Investment Insights
Based on property information with market context.
This professional office sublease offers approximately 2,350 rentable SF, arranged with five private offices, reception, two waiting areas, three storage closets, a restroom, and kitchen access. Two offices have their own entrances. Office furniture may be included, and occupants can access a West Wing conference room and waiting area, shared areas and restrooms, plus employee and customer parking under the existing lease.
At 44 NE 16th Street East Wing in Homestead, the property was built in 1956. The sublease term cannot extend beyond June 30, 2029, and requires approval from both the existing tenant and the landlord. Building expenses are separate and may be negotiated with the sublessor.
At 44 NE 16th Street East Wing in Homestead, the property was built in 1956. The sublease term cannot extend beyond June 30, 2029, and requires approval from both the existing tenant and the landlord. Building expenses are separate and may be negotiated with the sublessor.
Key Highlights
- Approximately 2,350 rentable SF of office space
- Five private offices, including two with separate entrances
- Reception, two waiting areas, three storage closets, restroom, and kitchen access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,663
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,260
$2.4M
Cap Rate 7%
$1,695,186
$1.7M
Cap Rate 9%
$1,318,478
$1.3M
Market Conditions
NOI Build-Up for 4,477 SF
Gross rent
$204.2K $45.60/SF
− Vacancy
−$45.9K −$10.26/SF
EGI
$158.2K $35.34/SF
− OpEx
−$39.6K −$8.84/SF
NOI
$118.7K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,260
Cap Rate 7%
$1,695,186
Cap Rate 9%
$1,318,478
Alternative Uses
Best Use
Office B
$1.70M
$1.48M – $1.98M
NOI $118,663 @ 7.0% cap · market cap 1,782.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,996 @ 7.0% cap · market cap 2,388.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
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Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A sublease layout includes private offices, reception and waiting areas, storage, and kitchen access.
Where is this office unit located?
The property is located at 44 NE 16th Street East Wing Homestead, FL.
What are key features of this property?
This property features: Approximately 2,350 rentable SF of office space; Five private offices, including two with separate entrances; Reception, two waiting areas, three storage closets, restroom, and kitchen access
