Flexible-Size Office
For Sale
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4995 NW 72nd Ave 308, Miami, FL 33166
Office suites facing NW 72nd Avenue with on-site parking and a walkable surrounding setting.
Property Size42,000 SF
Days on Market51
Property Features for 4995 NW 72nd Ave 308
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$85,694
Building Details
Building Size
42,000 SF
Year Built
1985
Listing Agency:
Aterra Real Estate Partners, LLC
Listed By:
Carissa Barzana · License #A11423326
(305) 301-9920
Source:
Elliman
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 1 at 5:54AM
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 Aterra Real Estate Partners, LLC
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Investment Insights
Based on property information with market context.
Office units are available within a professional office building at 4995 NW 72nd Ave in Miami. Suite sizes range from 500 SF to 1,500 SF, providing several configuration options for office users. The building was constructed in 1985 and includes on-site parking.
The property fronts NW 72nd Avenue and offers access to a walkable area, with a walk score of 76 and a bike score of 55. Transit service is also available, reflected by a transit score of 39.
The property fronts NW 72nd Avenue and offers access to a walkable area, with a walk score of 76 and a bike score of 55. Transit service is also available, reflected by a transit score of 39.
Key Highlights
- 500 SF to 1,500 SF office units available
- Professional office building constructed in 1985
- Fronts NW 72nd Avenue in Miami
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,204,875
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,097,500
$24.1M
Cap Rate 7%
$17,212,500
$17.2M
Cap Rate 9%
$13,387,500
$13.4M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$1.89M $45.00/SF
− Vacancy
−$283.5K −$6.75/SF
EGI
$1.61M $38.25/SF
− OpEx
−$401.6K −$9.56/SF
NOI
$1.20M $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%
$24,097,500
Cap Rate 7%
$17,212,500
Cap Rate 9%
$13,387,500
Alternative Uses
Best Use
Office B
$17.21M
$15.06M – $20.08M
NOI $1,204,875 @ 7.0% cap · market cap 5,238,586.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$28.35M
$24.81M – $33.08M
NOI $1,984,519 @ 7.0% cap · market cap 8,628,343.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
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Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
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 - Office suites facing NW 72nd Avenue with on-site parking and a walkable surrounding setting.
Where is this office unit located?
The property is located at 4995 NW 72nd Ave 308 Miami, FL.
What are key features of this property?
This property features: 500 SF to 1,500 SF office units available; Professional office building constructed in 1985; Fronts NW 72nd Avenue in Miami
