Office Unit with Biscayne Bay
New
For Sale
Contact for pricing
4770 Biscayne Blvd, Miami, FL 33137
The unit includes four reserved covered parking spaces and sits within a building with round-the-clock access and security.
Property Size1,555 SF
Price / SF$764.63
Days on Market7
Property Features for 4770 Biscayne Blvd
General Information
Standard status
Active
Size
1,555 SF
Total Parking Spaces
4
Elevators
Yes
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
panoramic views
updated modern lobby
24-hour building access and security
on-site three-level parking deck
car charging station
Listing Agency:
Lee & Associates | Miami
(305) 235-1500
Listed By:
Bert Checa · License ##SL3085421
(786) 473-9227
Source:
Moodyscre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 20 at 10:27PM
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.
Office Unit 940 contains 1,555 square feet and offers views of Biscayne Bay and Miami’s skyline. The building has a refreshed lobby, smart elevators, 24-hour access and security, and a three-level parking deck. A car charging station is also on site. The sale includes four reserved covered parking spaces: two on the ground floor and two on the second floor.
The property at 4770 Biscayne Blvd in Miami is near Downtown Miami, the Miami Design District, and Wynwood, with access to I-195.
The property at 4770 Biscayne Blvd in Miami is near Downtown Miami, the Miami Design District, and Wynwood, with access to I-195.
Key Highlights
- 1,555‑square‑foot office unit, Unit 940
- Four reserved covered spaces included: two on the ground floor and two on the second floor
- Views of Biscayne Bay and Miami’s skyline
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,609
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,180
$892.2K
Cap Rate 7%
$637,271
$637.3K
Cap Rate 9%
$495,656
$495.7K
Market Conditions
NOI Build-Up for 1,555 SF
Gross rent
$70.0K $45.00/SF
− Vacancy
−$10.5K −$6.75/SF
EGI
$59.5K $38.25/SF
− OpEx
−$14.9K −$9.56/SF
NOI
$44.6K $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%
$892,180
Cap Rate 7%
$637,271
Cap Rate 9%
$495,656
Alternative Uses
Best Use
Office B
$637.3K
$557.6K – $743.5K
NOI $44,609 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.05M
$918.4K – $1.22M
NOI $73,474 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The unit includes four reserved covered parking spaces and sits within a building with round-the-clock access and security.
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 $1,189,000.
What are key features of this property?
This property features: 1,555‑square‑foot office unit, Unit 940; Four reserved covered spaces included: two on the ground floor and two on the second floor; Views of Biscayne Bay and Miami’s skyline
