Corner Office Building with
For Sale
$799,000
4885 7th Ave, Miami, FL 33127
Move-in-ready free-standing office with seven private offices, conference room, security system, and private on-site parking.
Property Size2,297 SF
Price / SF$347.85
Days on Market127
Property Features for 4885 7th Ave
General Information
Standard status
Active
Size
2,297 SF
Property subtype
Office
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,029
Amenities
conference room
full kitchen
private on-site parking
security system
washer/dryer
Central Air, Electric
3
Parking.
6 Parking Spaces. On Street.
Other.
Building Details
Year Built
1960
Listing Agency:
(305) 450-8882
Listed By:
Yaquelin Vazquez
(305) 450-8882
Source:
Xome
Added: Apr 9
Changed: Aug 12
Last Checked: Aug 12 at 4:05AM
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 Yaquelin Vazquez
Investment Insights
Based on property information with market context.
This move-in-ready, free-standing corner commercial building is partially furnished and designed for professional use. The layout includes seven private offices plus a conference room for meetings and collaborative work. Interior finishes and amenities include a full kitchen, one full bathroom and a powder room, along with a walk-in closet equipped with a washer and dryer.
The property features a fully integrated security system with surveillance cameras and intercom-controlled access. Private on-site parking supports convenient arrival for staff and visitors. It is located at the intersection of NW 7th Avenue and NW 48th Street and is described as being just minutes from I-95 and I-195, with strong daily traffic and excellent exposure.
Positioned in Miami’s urban core, the building is surrounded by Wynwood, the Miami Design District, Little Haiti, and the MiMo Historic District, with access to Downtown Miami and major highways.
The property features a fully integrated security system with surveillance cameras and intercom-controlled access. Private on-site parking supports convenient arrival for staff and visitors. It is located at the intersection of NW 7th Avenue and NW 48th Street and is described as being just minutes from I-95 and I-195, with strong daily traffic and excellent exposure.
Positioned in Miami’s urban core, the building is surrounded by Wynwood, the Miami Design District, Little Haiti, and the MiMo Historic District, with access to Downtown Miami and major highways.
Key Highlights
- Free‑standing corner commercial building at NW 7th Avenue & NW 48th Street with move‑in‑ready interior setup for professional use
- Interior layout includes seven private offices plus a conference room
- Includes full kitchen, 1 full bathroom, and a powder room
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
$65,895
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
8.25%
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%
$1,317,900
$1.3M
Cap Rate 7%
$941,357
$941.4K
Cap Rate 9%
$732,167
$732.2K
Market Conditions
NOI Build-Up for 2,297 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
$103.4K $45.00/SF
− Vacancy
−$15.5K −$6.75/SF
EGI
$87.9K $38.25/SF
− OpEx
−$22.0K −$9.56/SF
NOI
$65.9K $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 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%
$1,317,900
Cap Rate 7%
$941,357
Cap Rate 9%
$732,167
Alternative Uses
Best Use
Office B
$941.4K
$823.7K – $1.10M
NOI $65,895 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,534 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready free-standing office with seven private offices, conference room, security system, and private on-site parking.
Where is this office building located?
The property is located at 4885 7th Ave Miami, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Free‑standing corner commercial building at NW 7th Avenue & NW 48th Street with move‑in‑ready interior setup for professional use; Interior layout includes seven private offices plus a conference room; Includes full kitchen, 1 full bathroom, and a powder room
