Office Condo with Private
New
For Sale
Contact for pricing
4770 Biscayne Blvd, Miami, FL 33137
A furnished lobby and modernized building provide a polished setting for professional use.
Property Size916 SF
Price / SF$622.27
Days on Market7
Property Features for 4770 Biscayne Blvd
General Information
Standard status
Active
Size
916 SF
Elevators
Yes
Property subtype
OFFICE
Amenities
ambient audio
Nest thermostat
emergency lighting
upgraded lighting
terrazzo floors
slate walls
Listing Agency:
Lee & Associates | Miami
(305) 235-1500
Listed By:
Bert Checa · License ##SL3085421
(786) 473-9227
Source:
Moodyscre
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 20 at 10:44PM
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 Lee & Associates | Miami
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Investment Insights
Based on property information with market context.
This office condominium offers 916 square feet with two private offices. The suite’s lobby includes workstation furniture, and its features include ambient audio, a Nest thermostat, and emergency lighting.
Building improvements include smart elevators and upgraded lighting. The shared lobby is finished with terrazzo floors and slate walls.
Building improvements include smart elevators and upgraded lighting. The shared lobby is finished with terrazzo floors and slate walls.
Key Highlights
- 916‑square‑foot office condo suite
- Two private offices
- Lobby includes extensive workstation furniture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,278
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,560
$525.6K
Cap Rate 7%
$375,400
$375.4K
Cap Rate 9%
$291,978
$292.0K
Market Conditions
NOI Build-Up for 916 SF
Gross rent
$41.2K $45.00/SF
− Vacancy
−$6.2K −$6.75/SF
EGI
$35.0K $38.25/SF
− OpEx
−$8.8K −$9.56/SF
NOI
$26.3K $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%
$525,560
Cap Rate 7%
$375,400
Cap Rate 9%
$291,978
Alternative Uses
Best Use
Office B
$375.4K
$328.5K – $438.0K
NOI $26,278 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$618.3K
$541.0K – $721.4K
NOI $43,281 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,035
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A furnished lobby and modernized building provide a polished setting for professional use.
Where is this office unit located?
The property is located at 4770 Biscayne Blvd Miami, FL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 916‑square‑foot office condo suite; Two private offices; Lobby includes extensive workstation furniture
